Newscrypto – NWCUSD cryptocurrency made a five-wave rally from the lows in July/August, followed by a three-wave A-B-C correction in September, which gives us a nice textbook bullish setup formation.
As you can see, it's actually already bouncing from projected support, but to confirm a bullish resumption, we have to see broken channel resistance line and 0.15 region. Invalidation level is at 0.040.
Get Full Access To Our Premium Analysis For 14 Days. Click here!
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.
Recommended Content
Editors’ Picks
Arbitrum receives 2.5 million ARB funding request from Wormhole foundation
Wormhole, a crypto and web3 messaging protocol, has submitted a proposal to encourage users to mint native USDC on the Arbitrum chain. The goal is to attract 100 million USDC and migrate it from other chains to Arbitrum.
Tether increased its secured loans in Q2 despite commitment to reduce lending
Tether Holdings has resumed the lending of its stablecoins in the form of secured loans to clients after announcing that it is set to wind down this practice less than a year ago. The information came to light in the firm’s recent quarterly financial update, according to a report by The Wall Street Journal.
XRP price recovery likely as Ripple executives call out SEC and Chair Gary Gensler for their stance on crypto
XRP price outlook is bullish as the asset tests the supply zone at $0.5174. Pro-XRP attorney John Deaton shared his views on the likelihood of a settlement by the SEC in its lawsuit against Ripple.
Mt Gox creditors hit by delay in repayment deadlines for $3.8 billion in Bitcoin
In a September 21 letter, the Mt Gox Rehabilitation Trustee, Nobuaki Kobayashi shared that he has received permission from the Tokyo District Court to extend the deadline for the three phases of repayment of creditor funds.
Bitcoin: BTC contemplates crash in September
Bitcoin price remains unfazed by the US CPI announcement on September 13 and continues to move in a range. The weekly chart, however, shows a potential short-term recovery rally that could set the stage for a steep correction.