Technical Analysis of NOT/USDT 15 min chart
Key Indicators
1. Exponential Moving Averages (EMAs)
• EMA7 (Yellow), EMA25 (Pink), EMA99 (Purple)
• Price below EMA7 and EMA25 indicates short-term bearish sentiment.
• EMA7 below EMA25 confirms bearish momentum.
• Price around EMA99 suggests potential support.
2. Stochastic RSI
• Stochastic RSI at 4 indicates oversold conditions.
• Potential buying opportunity if it crosses above 20.
3. Volume
• Recent volume spikes indicate high market interest.
• Steady volume levels suggest consistent trader participation.
4. MACD (Moving Average Convergence Divergence)
• MACD line below the signal line indicates bearish momentum.
• Negative histogram values reinforce bearish sentiment.
• MACD line crossover above signal line would indicate a potential bullish reversal.
5. RSI (Relative Strength Index)
• RSI at 30.81 indicates oversold conditions.
• RSI below 30 is oversold; above 70 is overbought.
• Move above 50 could indicate recovery.
6. On-Balance Volume (OBV)
• Slightly downward OBV trend indicates more selling pressure.
• Rising OBV would indicate increasing buying pressure.
Summary
• Market Sentiment: Bearish trend with potential short-term recovery. Oversold RSI and Stochastic RSI indicate potential for bullish momentum.
• Moving Averages: Short-term bearish trend, potential support near EMA99.
• Volume: High interest, potential volatility.
• MACD: Bearish sentiment, watch for bullish reversal.
• RSI: Oversold conditions, potential recovery above 50.
• Stochastic RSI: Oversold, potential buy signal if %K crosses above %D.