🛑🛑🛑📊 NOT/USDT Technical Analysis 🛑🛑🛑

$NOT $TLM $PDA

The chart shows the NOT rate against USDT on the Binance platform. Let's look at the key aspects:

  1. Support and Resistance 🔺:

    • The support level is in the range of 0.014405 - 0.014588, indicated by the purple area on the chart.

    • The resistance level is located in the range 0.015289 - 0.016599, which is a key point for the bulls.

  2. Indicator 🛠:

    • Moving averages (MA):

      • MA (25) at 0.016635

      • MA (99) at 0.018811

    • SAR (Stop and Reverse): 0.014458, which shows a downward trend.

    • Ichimoku:

      • The current cloud (Kumo) is showing a bearish signal as the price is under the cloud.

  3. Trading Volumes 📊:

    • Trading volumes show some activity, which confirms the current downward trend.

    • Current volume (SMA 9): 1.162B, indicating significant sales volumes.

📝 Conclusion:

Current technical analysis shows that the asset is NOT under pressure and trading in a range. The following support and resistance levels are key for further analysis and trading decisions.

📈 Bullish Scenario:

  • A break above the level of 0.015289 with support from volumes could lead to an attempt to overcome the level of 0.016599 and a potential rise to 0.018811.

📉 Bearish Script:

  • If the price cannot hold the level of 0.014405, then a further decline and testing of lower support levels is possible.

Be careful and monitor market conditions to respond to changes in a timely manner! 🚀

#cryptousdua #Binance