🔥Analyzing🔥
📈 Current Situation: NOTCOIN (NOT) recently formed a descending triangle on the hourly chart, which is usually a bearish pattern.
However, history shows that such formations often foreshadow significant moves, and in this case, all signs point to the possibility of a breakout to the upside!
This happened, for example, with $BTC in November 2018 or with $ETH in September 2020
🔎Analysis of trading volumes: An increase in trading volumes when approaching the lower border of the triangle indicates active interest on the part of buyers. This suggests that large players see current prices as attractive for purchase and are ready to support the market.
⭐Fundamental Factors: NOTCOIN continues to gain attention due to its innovation and growing community. Recent news of partnerships and platform updates are creating a positive sentiment among investors, which could serve as a catalyst for growth.
📊Technical indicators: Indicators such as RSI and MACD indicate possible oversoldness of an asset, which often precedes growth. The current correction may be an opportunity to enter the market before a new uptrend.
