Potential Notcoin Price Trade Setup as Not Plummets 17% in a Week

The recent performance of the #Notcoin price on the 4-hour chart provides valuable insights into potential movements and trading opportunities. By examining key indicators such as EMAs, MACD, and RSI, traders can make informed decisions about potential entry and exit points.

The closing prices for $NOT have shown a modest upward trend, moving from $0.01119 to $0.01135. This suggests a gradual recovery, but the key indicators offer a more detailed picture of the market sentiment.

The 9 EMA, currently trending below the 20 EMA, indicates a bearish crossover. The 9 EMA values have been steadily decreasing, suggesting that the short-term momentum is weaker compared to the longer-term trend. This is further supported by the MACD, which shows that the MACD line is below the signal line, resulting in negative histograms. These bearish signals suggest that the market could continue to face downward pressure in the short term.

However, the RSI, which recently moved from oversold levels (23.77) to a more neutral territory (38.63), indicates that the selling pressure may be easing. An RSI moving away from the oversold region can sometimes signal the potential for a bullish reversal. Traders should keep an eye on the RSI for any further movements toward the 50 level, which could confirm a shift in market sentiment.

Key resistance levels to watch are at $0.012908, $0.01325, and $0.01388. Breaking through these levels with strong volume could signal a continuation of the upward trend. On the flip side, key support levels are found at $0.00939, $0.00887, and $0.005454. If the Notcoin price fails to hold above these support levels, it could trigger further downside movements. #NOT #altcoins #TrendingInvestments The full analysis and trade strategy were posted on www.ecoinimist.com.