Notcoin Goes Bullish For The First Time Since May 2024
Updated
My dear reader, it is with much joy and pleasure that I would like to share with you that Notcoin (NOTUSDT) is now going bullish. This is early but you know what I mean.
One of the method we use to track these Altcoins is market correlation; what one does, the rest follows.
While not all the pairs are in the same situation, it is good to see one of the big projects starting to reverse. This can be big.
➖ Technical Analysis
Volume has been drying up as Notcoin produces new lows. In September, we have two lows where bearish volume is almost non-existent. This tells me that the bearish wave for this pair is reaching its end.
Today, we are getting a full green candle breaking above resistance; it is still early in the day. Prepare for higher prices.
Thank you for reading.
Namaste.
One of the method we use to track these Altcoins is market correlation; what one does, the rest follows.
While not all the pairs are in the same situation, it is good to see one of the big projects starting to reverse. This can be big.
➖ Technical Analysis
Volume has been drying up as Notcoin produces new lows. In September, we have two lows where bearish volume is almost non-existent. This tells me that the bearish wave for this pair is reaching its end.
Today, we are getting a full green candle breaking above resistance; it is still early in the day. Prepare for higher prices.
Thank you for reading.
Namaste.
Trade active
The first day closed above our local resistance and we have further bullish confirmation with the lower wick on the present active candle: This session starting red just to turn green gives further strength to the bullish bias.
Looks pretty good but at the same time it is still early.
The best part of this type of setup is the chart structure.
Notcoin produced a low and reversal pattern, it is not coming out of a new peak but rather out of a "valley." Which means that it dropped for months before starting the reversal process.
Comment
We have a bullish continuation on the daily timeframe. Great timing on this one.
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