🔸 $NOT analysis for the short-medium term [Bollinger + RSI]
What to expect from #NotCoin ?
Let's analyze the present 4-hour chart together and see how the coin will behave in the near future.
Notcoin is currently a coin on everyone's lips, constantly in the top trends of #Binance and currently number 61 in the market cap ranking.
It had its all-time high at around $0.029 and is floating around $0.020 at the time of writing.
Analyzing the chart we can see that its RSI index is above 80, which means that it is overbought at the moment. The RSI index suggests that its price may drop in the next few hours 📉.
The analysis of the Bollinger bands is no different, the current value of NOTCOIN is above the upper band (yellow line) and therefore a retracement towards the midline (pink line) would seem inevitable. Also in this case the analysis recommends a next retracement in the next few hours 📉.
Final conclusions:
Although a price drop seems inevitable in the short term, this does not mean that the currency is in the process of falling in the long term.
The key values to follow:
supports: $0.016 and $0.014 (represent critical points that can prevent further declines)
resistances: $0.024 and $0.022 (main barriers for further bullish movement)
As always, do your research (DYOR) and think carefully about your investments
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