NWC/USD forms a bullish setup

Gregor Horvat Wavetraders

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.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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