đŽđŽÂ Technical Analysis of $NOT  đŽđŽ
The NOT chart is currently exhibiting an impressive pattern. Itâs at the brink of the trendline resistance, and a daily close above 0.01630 could signal a bullish trend. The chart is forming a bullish falling wedge, indicating potential for an upward breakout.
The âgolden pocketâ is a critical zone where bullish candlesticks, such as a Bullish Harami Cross and a classic Hammer, have already manifested on the daily chart. This suggests strong buying interest at these levels.
Moreover, there is a bullish divergence in both the RSI and MACD on the H4 chart. This divergence often precedes a potential price reversal, making a compelling case for an upcoming bullish trend.
If the NOT price gets rejected at the trendline, we might witness a drop towards the 0.012980 region, which could present a favorable buying opportunity. Conversely, if it breaks out of the bullish falling wedge and achieves a daily close above 0.01700, it would signal a very bullish scenario.
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