Notcoin Approaching Decisive Moment 🚨
Notcoin has been trading in a long-term downtrend since the beginning of June. All attempts to break out of the downtrend have been rejected so far. Moreover, Notcoin has been unsuccessfully battling the resistance at 0.017 for almost a month.
On the bright side, NOT has formed higher lows on the 4H chart since the beginning of July and showed some bullish momentum.
Currently, NOT is approaching the corner of a triangle formed by the long-term down and the shorter-term uptrend.
A break to the bottom might bring the lower level of the long-term trendline back into the game. However, based on the current momentum in the market and the upcoming events next week, I consider it likely that we will see a break to the upside and the initiation of fresh bullish momentum.
Once it breaks the long-term downtrend, it should quickly follow up and pump through the resistance at 0.017. Afterward, there should be room to run with a first target of 0.02.
