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The most complete technical analysis of NatCoin from Ahmadarz groupđź“Š
In the weekly time frame, we don't have more than 4 candles for analysis, and the fourth candle closes in another day, so trusting the general trend of the chart is not very reliable.
In the first candle, we can see that the historical ceiling of NatCoin has been reached and other candles are closing in the heart of this candle, which shows the trading range of this chart.
The most important support in this time frame can be considered the price of $0.0587, which is the price floor of the candle two weeks ago.
In the resistance areas, we consider the last two highs, one of which is the historical ceiling of $0.037 and the next ceiling of $0.02940.
In order to check the price, we can refer to the powerful candle of the previous week, which was formed after a doji candle, and we can still consider the overall trend to be bullish.
In the daily time frame with more candles compared to the weekly time frame, it is possible to analyze better and consider the price nodes from which the price return has occurred as support and resistance areas and draw the important areas.
We consider the price ceiling or the main resistance as the resistance of $0.037, the next resistances that form an important area are between the prices of $0.026635 and $0.029400.
For two-zone support areas, we have considered four prices, the first area between the prices of $0.012962 and $0.011223, and the second area between $0.005287 and $0.004500 are considered important floors for price support.
The four-hour time frame can be considered the best time frame for technical analysis of NatCoin because it has almost formed good areas for technical analysis.
The areas of the daily time frame are considered to be among the most important areas in this team frame, and if we take a closer look at the chart, we will notice that a short-term downward trend has formed, and to stabilize this trend, the price floor of $0.01824 must be broken so that it can be done with strength. More after the pullback to the level of $0.01833, the price will decline to the next support, which is $0.013.
In the upward direction of the trend, we have a strong resistance of $0.02187, and for the price to rise, a large candle should be struck from this price to reach the daily resistance area at the price of #0.026635.
For this celebration and price prediction, we should go to the weekly time frame and consider the last trading range in the daily time frame with the same large bullish candlestick of two weeks ago, and consider a similar movement width in the ceiling from the same candlestick. By identifying the price at the ceiling of the second movement width or the so-called second movement leg, the price of $0.018204 was obtained, which cannot be too much attached to this price because it should increase at least 9 times or 900% from the current price, but if If the price level of $0.037 is broken, this number is not too far from the new historical ceiling.
I hope you have made full use of this analysis and always keep in mind that technical analysis is done after checking the detailed fundamental analysis on the token you are going to invest in.
This analysis is only the opinion of the analysis team of Ahmadarz Academy and is not considered to be any offer to buy or sell NatCoin, so if you rely on our team's analysis, be sure to apply risk and capital management to your assets, because Ahmadarz Group is responsible for profits and losses. you don't have⚠️
In the weekly time frame, we don't have more than 4 candles for analysis, and the fourth candle closes in another day, so trusting the general trend of the chart is not very reliable.
In the first candle, we can see that the historical ceiling of NatCoin has been reached and other candles are closing in the heart of this candle, which shows the trading range of this chart.
The most important support in this time frame can be considered the price of $0.0587, which is the price floor of the candle two weeks ago.
In the resistance areas, we consider the last two highs, one of which is the historical ceiling of $0.037 and the next ceiling of $0.02940.
In order to check the price, we can refer to the powerful candle of the previous week, which was formed after a doji candle, and we can still consider the overall trend to be bullish.
In the daily time frame with more candles compared to the weekly time frame, it is possible to analyze better and consider the price nodes from which the price return has occurred as support and resistance areas and draw the important areas.
We consider the price ceiling or the main resistance as the resistance of $0.037, the next resistances that form an important area are between the prices of $0.026635 and $0.029400.
For two-zone support areas, we have considered four prices, the first area between the prices of $0.012962 and $0.011223, and the second area between $0.005287 and $0.004500 are considered important floors for price support.
The four-hour time frame can be considered the best time frame for technical analysis of NatCoin because it has almost formed good areas for technical analysis.
The areas of the daily time frame are considered to be among the most important areas in this team frame, and if we take a closer look at the chart, we will notice that a short-term downward trend has formed, and to stabilize this trend, the price floor of $0.01824 must be broken so that it can be done with strength. More after the pullback to the level of $0.01833, the price will decline to the next support, which is $0.013.
In the upward direction of the trend, we have a strong resistance of $0.02187, and for the price to rise, a large candle should be struck from this price to reach the daily resistance area at the price of #0.026635.
For this celebration and price prediction, we should go to the weekly time frame and consider the last trading range in the daily time frame with the same large bullish candlestick of two weeks ago, and consider a similar movement width in the ceiling from the same candlestick. By identifying the price at the ceiling of the second movement width or the so-called second movement leg, the price of $0.018204 was obtained, which cannot be too much attached to this price because it should increase at least 9 times or 900% from the current price, but if If the price level of $0.037 is broken, this number is not too far from the new historical ceiling.
I hope you have made full use of this analysis and always keep in mind that technical analysis is done after checking the detailed fundamental analysis on the token you are going to invest in.
This analysis is only the opinion of the analysis team of Ahmadarz Academy and is not considered to be any offer to buy or sell NatCoin, so if you rely on our team's analysis, be sure to apply risk and capital management to your assets, because Ahmadarz Group is responsible for profits and losses. you don't have⚠️
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