The currency has been rising $NOT since the past seven days and today entered the major corrective phase. Those who missed the seed round and are looking for a buying opportunity, I've got you covered in this post. Let's do technical analysis of $NOT to identify potential reversal areas.

If we look at the chart and count the Elliott waves, we can notice that all five Elliott waves have completed and now $Not is in the correction phase. By plotting Fibonacci retracement levels over the entire structure, we can see that it has currently retreated to the 0.23 Fibonacci retracement zone. But I expect a deeper correction. Those interested in buying $NOT should pay close attention to the 0.5 Fib retracement zone which is around 0.008905 and the golden pocket zone which is around 007873-0.007506. If it pulls back into the golden pocket, this could be the most likely area for a reversal and an excellent entry for the next move higher