NOTCOIN will remain bearish for a long time (1D)This TON network meme coin seems to have entered a very long correction after its big rally. The correction started from the point where we placed the red arrow on the chart.
The corrective pattern appears to be a large symmetric, and we are currently in its largest wave, which is wave E.
The future path of NOT coin is drawn schematically so you can understand how much time correction and how many waves are left in this pattern.
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NOTUSD trade ideas
$NOTUSDNotcoin (NOT) is a play-to-earn token integrated into the TON ecosystem, primarily used in a Telegram-based game. Players can earn tokens by tapping a virtual coin and completing various in-game tasks. With the increasing popularity of the game, we can anticipate a rise in Notcoin's value towards 0.032000.
Potential 161% up
NOT is Bullish , Market is bleeding The cryptocurrency market is currently experiencing a significant downturn, with Bitcoin and numerous altcoins experiencing substantial price drops. Remarkably, however, Notcoin, has shown relative resilience, defying the broader market trend. This unexpected strength has led some to observe that Notcoin is "breaking its silence" – its price stability amid the general bloodbath suggests a disconnect from the underlying market forces affecting other cryptocurrencies. This situation raises questions about the factors driving Notcoin's performance and whether it represents a genuine anomaly or a temporary decoupling that will ultimately be corrected as the overall market recovers.#NOT #bitcoin
Notcoin continues to live its own lifeIt is extremely strange that against the background of the growth of bitcoin and, as it were, the start of the altseason, notcoin continues to fall, especially when other coins grow by more than 20% per day.
Notcoin lives his life and continues to draw a wedge, which will end in about a week. Against the background of the overall growth, of course, an aggressive bullish upward exit is extremely likely, but I am more surprised not by the lack of growth or disappointment with the coin, but by the strength with which notcoin moves according to its own scenario.
Perhaps this independence is a good signal for growth potential.
Anyway, it's very interesting to see what happens.
Notcoin Daily Chart (NOTUSD) Price Analysis – Potential ReversalThe chart shows a downtrend with Notcoin price currently trading at $0.00800102, forming a descending wedge pattern marked by the orange lines. This indicates that the price has been consolidating, but there’s potential for a breakout from this pattern, typically a bullish signal.
Key levels and patterns observed:
1. Weekly Fibonacci Zone: The price is currently in this support area, which could act as a strong base for an upward move.
2. Bullish Breakout Scenario: Two blue arrows project potential price movements. After a possible breakout above the wedge, we can anticipate a rally toward the next resistance zones.
First target at $0.01288067.
Second target at $0.01795970, representing the upper resistance level.
This analysis suggests that a breakout from the descending wedge could lead to a significant upside, with major resistance levels being in the $0.012 and $0.017 ranges. Traders should watch for confirmation of the breakout and monitor the Fibonacci zone for support in the event of a retest.
NOT - Expecting a reversal from support#NOT/USDT #Analysis
Description
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+ Price is consolidating in the support zone for a while now.
+ Seems like long term trend will reverse and expecting a breakout from here.
+ A strong reversal can easily break the resistance line and head towards new ATH
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VectorAlgo Trade Details
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Entry Price: 0.01310812(After breakout)
Stop Loss: 0.00904266
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Target 1: 0.01417381
Target 2: 0.01740184
Target 3: 0.02217319
Target 4: 0.02542342
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Timeframe:12H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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