Price Trend:
The current price of NOT/USDT is $0.026024. The chart shows a recent uptrend with a significant increase in price.
Technical Indicators:
Moving Average (MA): MA(7) is at $0.023124, and MA(25) is at $0.019157. The fact that the MA(7) is above the MA(25) suggests a short-term bullish trend. Relative Strength Index (RSI): The RSI(12) is at 68.92, and the RSI(24) is at 73.76. Both values ââindicate that the asset is in the overbought zone, which may suggest a possible correction in the price. MACD (Moving Average Convergence/Divergence): The MACD is positive, which confirms the bullish trend, but it is It is crucial to observe if there are signs of convergence or divergence that indicate a possible change in trend.
Volume:
Volume has increased significantly, supporting the bullish trend. However, a very sharp increase in volume can precede a correction if many investors start selling to lock in profits.
Sales strategy
Sell ââSignals:
If the RSI continues to rise and exceeds 80, it is a clear sign of overbought, which usually precedes a correction in price. Monitoring the MACD for signs of divergence (when the price continues to rise but the MACD begins to fall) can be indicative of a trend reversal.
Key Levels: In the next post... part 2 will continue in my profile
