As expected yesterday, the third wave of growth in NOTCOIN (NOT) at the time of analysis had not ended. The growth continues, breaking through some more volume levels and an important trend level from the day of listing. In recent hours, the price has invalidated the “Expensive” signal from the trend reversal indicator. And it continued to grow.
Following yesterday's post, #Binance's liquidation tracking service, Binance Futures Liquidations, recorded another large bear liquidation of nearly $80,000. This, of course, does not yet compare with the volume of long liquidations last week. DWF Labs does its job.
As long as the price is above the volume level of $0.009290 or at least $0.009056, you can wait for a move to the volume level of $0.011256. There is little volume at the top, and the bears continue to persistently short.
The four-hour RSI is already showing bearish divergence. As soon as buyers' interest subsides, the fourth correctional wave will begin to develop.
For a strong fifth wave, it would be optimal to test the volume level of $0.006804 on the correction. And EMA 50 of the four-hour TF (currently still $0.006228, but growing quickly). If the reversal begins in the coming hours. Or the volume level of $0.007649 if the growth continues and reaches $0.011256. So far everything is beautiful, technical and painful for the project’s haters.
We continue to hold all “mined” tokens with a target of $0.02. It is far from certain that the price will reach there in the current five-wave cycle. We’re just waiting for the price to come there over time, we don’t see any reason why not.
