NOT has constantly descended and consolidated after the rejection at the upper trendline. It even dived below the 0.16 level. However, the EMA200 should be a strong support and probably a level from which to bounce!
Mid-term, I am convinced that NOT has some extraordinary potential. Nevertheless, it is essential to wait for NOT to smash two resistances:
1 — The resistance at 0.173. This one is crucial. I would not enter a trade if NOT didn't close above this level on a higher timeframe like the daily chart.
2 — The upper trendline is almost at the same level as the 0.173 resistance.
Way Forward 👇
Once the broader market picks up some steam, I expect Notcoin to bounce from the current level and start a fresh attempt to battle the above-mentioned resistances.
Once this has been cleared, I would (from my current point of view) go for a trade with three profit targets:
1 - ~0.20
2 - 0.24
3 - 0.30
Mid-term, I am convinced that NOT has some extraordinary potential. Nevertheless, it is essential to wait for NOT to smash two resistances:
1 — The resistance at 0.173. This one is crucial. I would not enter a trade if NOT didn't close above this level on a higher timeframe like the daily chart.
2 — The upper trendline is almost at the same level as the 0.173 resistance.
Way Forward 👇
Once the broader market picks up some steam, I expect Notcoin to bounce from the current level and start a fresh attempt to battle the above-mentioned resistances.
Once this has been cleared, I would (from my current point of view) go for a trade with three profit targets:
1 - ~0.20
2 - 0.24
3 - 0.30
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.