Chart: D1
Since listing, $NOT has kept investors asking ‘should I sell what I have or invest more?’ prompting a need for to examine its dynamics.
Current Market Trend: Bearish
Future Outlook: Bearish
TECHNICAL ANALYSIS
1. Chart Patterns: M-and-W Patterns, Support-and-Resistance
2. Indicators: EMA of a length of 10, set to Close.
Conclusion:
Bearish sentiment remains strong and price trades below the EMA.
Recommendation:
If I would consider buy, I would do so based on the following expectations:
1. Price closed on the daily below the purple line
2. Price is within the zone of the green line
3. The market is consolidating within this zone (Potential Reversal Zone).
4. When price is within this zone, further tools for confirmation signal a trend reversal.
Kindly support for more detailed and in-depth analysis.
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