Notcoin now not have any support behind see the picture📉📉
I'm eyeing a potential Head and Shoulders (H&S) pattern on the 15-minute Notcoin chart, mate! This could be a sweet short-term reversal play. If the pattern confirms, we might see a bounce or a trend change.🔻🔻
2. *Bearish Reversal*: If the H&S pattern forms in an uptrend, a bearish reversal might occur, and the price could fall. The target price could be the neckline support, or even lower, depending on the strength of the reversal.📉📉
3. *Consolidation*: In some cases, the price might consolidate or sideways after an H&S pattern, instead of reversing. This could be a sign of a pause in the trend, rather than a full reversal.
🔻🔻🔻
Notcoin now not have any support behind see the picture See the major update
Yesterday, I posted an update about Notcoin's downtrend. Today, I have further insights to share. The reverse parabola indicates a breakout movement, signaling a massive downtrend. The liquidation charts reveal that many traders are short-selling Notcoin.
Technical Analysis
From a technical perspective, the Relative Strength Index (RSI) is displaying strong bearish signals, while the Moving Average Convergence Divergence (MACD) and 3-day Moving Average (3MA) are losing potential.
While it's essential to do your own research (DYOR),
Still oppertunity:
there may be an opportunity to sell Notcoin and short-sell to lock in profits.