$NOT coin is rising from the past 7 days and today it has entered the major corrective phase. Those who missed the initial run and are looking for a buying opportunity I have got you covered in this post. Letâs do technical analysis of $NOT to identify potential reversal zones.
If we look at the chart and count elliott waves we can observe that all 5 elliot waves have been completed and now $Not is in the correction phase. By drawing Fib retracement on the whole structure we can see it has currently retraced back to the 0.23 Fib retracement zone. But I am expecting a deeper correction. Those who are interested in buying $NOT should pay close attention to the .5 Fib retracement zone which is around 0.008905 and the Golden pocket zone which is around 007873-0.007506. If it retraces to the Golden pocket, this can be the most probable zone of reversal and an excellent entry for the next leg Up.
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