🛑🛑🛑📊 NOT/USDT Technical Analysis 🛑🛑🛑
The chart shows the NOT rate against USDT on the Binance platform. Let's look at the key aspects:
![](https://public.bnbstatic.com/image/pgc/202406/bd230df92678361d7eefe0ff355026fe.png)
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.
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.
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! 🚀