Notcoin has realized my assumption!
A week ago we were looking at the nearest possible price movements and today it was confirmed exactly!
What's the next step?
Now, after breaking through the 0.005 zone and capturing liquidity below, we see the "Head and Shoulders" pattern.
At the moment the price is testing the 0.0065 level, everything is clearly according to our scenario.
Usually, such patterns indicate a price reversal, so if we can get above the current resistance line, I think we can expect further upside continuation.
What's your guess for the next $NOT checkpoint?
LIVEKroumi
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Ανατιμητική
Notcoin broke through the triangle and reached the key level!
Here's a possible future scenario:
First, I'll highlight a few crucial points:
1) As we know, often the triangle potential is equal to its base. That's exactly what happened on the chart.
2) If you look at the price line, you will realize that the 0.005 zone also serves as a psychological support mark for the price. Frequently, round numbers are strong zones of support or resistance.
3) Most new coins hitting the market fall by -60% on average, after which the price reverses (I'll write a separate post about this, just my observation).
Comparing these 3 factors together, we can conclude that probably, we are now in the area of the local bottom and the price may turn from these values in the opposite direction.
It would be logical for $NOT to test the resistance zone at 0.0065, let's see.
In any case, there is not much information on the chart yet, so it should take more time to determine a specific direction. I keep watching.
#notcoin
Here's a possible future scenario:
First, I'll highlight a few crucial points:
1) As we know, often the triangle potential is equal to its base. That's exactly what happened on the chart.
2) If you look at the price line, you will realize that the 0.005 zone also serves as a psychological support mark for the price. Frequently, round numbers are strong zones of support or resistance.
3) Most new coins hitting the market fall by -60% on average, after which the price reverses (I'll write a separate post about this, just my observation).
Comparing these 3 factors together, we can conclude that probably, we are now in the area of the local bottom and the price may turn from these values in the opposite direction.
It would be logical for $NOT to test the resistance zone at 0.0065, let's see.
In any case, there is not much information on the chart yet, so it should take more time to determine a specific direction. I keep watching.
#notcoin
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