NOT Has Broken Out of Bullish WedgeNotcoin (NOT) Has broken out of a very bullish wedge pattern.
A retest of the breakout level is possible, but given the bullish momentum, not necessary.
Retrace to ATH very possible.
NOTUSD trade ideas
Lines, Levels, PossibilitiesIt's too early to predict, but you can see the important levels and the possible channels.
Notcoin: The Explosive Surge and Strategic Opportunities.Notcoin (NOTUSD) has experienced a significant surge, with a current price of $0.0212172, reflecting a 33.90% increase. The weekly performance shows an impressive 297.73% gain, indicating strong bullish momentum.
Volume and Market Capitalization:
The 24-hour trading volume stands at 2.47 billion USD, highlighting substantial investor interest and liquidity. The market capitalization is 2.177 billion USD, with a circulating supply of 102.719 billion coins, implying a relatively high supply but currently matched by high demand.
Candlestick Patterns and Trends:
The recent candlestick formations exhibit a strong upward trend, with multiple consecutive bullish candles. The 4-hour chart shows a robust rally, supported by bullish momentum and a clear breakout from previous resistance levels.
Indicators Analysis:
Ichimoku Cloud:
The price is trading well above the Ichimoku Cloud, indicating a strong bullish trend.
Conversion Line (9, 26, 52, 26) at 0.0150292 is above the Base Line, reinforcing the bullish signal.
Relative Strength Index (RSI):
RSI (14) is at 91.76, suggesting overbought conditions. However, in a strong trend, overbought conditions can persist.
Moving Averages:
All key moving averages (10, 20, 30, 50, 100) are aligned upwards, supporting the bullish bias.
Exponential Moving Average (10) at 0.0168682 and Simple Moving Average (10) at 0.0159912 indicate strong short-term bullish momentum.
Momentum and Oscillators:
Momentum (10) at 0.0095365 and MACD Level (12, 26) at 0.0025647 are in positive territory, confirming the bullish trend.
Commodity Channel Index (20) at 185.8766280 signals potential overbought conditions but remains within the bullish threshold.
Key Support and Resistance Levels:
Support:
Immediate support at 0.0153149 (previous consolidation zone).
Strong support at 0.0101523 (50-day SMA).
Resistance:
Immediate resistance at 0.0250000 (psychological level).
Further resistance at 0.0300000 (Fibonacci extension level).
Trading Strategy:
Long Position:
Entry: Enter a long position at the current price of 0.0212172.
Price Target: Short-term target at 0.0250000, with a potential extension to 0.0300000 if momentum sustains.
Stop Loss: Set a stop loss at 0.0150000 to protect against downside risk.
Short Position:
Entry: Consider shorting if the price breaks below the key support of 0.0153149.
Price Target: Target a pullback to 0.0101523.
Stop Loss: Set a stop loss at 0.0180000 to manage risk.
Speculative Price Targets:
Based on the current bullish momentum and technical indicators, the speculative price target for Notcoin could reach 0.0300000 in the short term if the uptrend continues and market sentiment remains positive.
Notcoin’s recent price surge is supported by several significant developments. The project has transitioned from its initial mining phase to a new rewards model that focuses on sustainability and value. Notcoin plans to introduce “Notcoin Explore,” a feature that includes games and contests to engage users. Additionally, the game will now reward players by purchasing Notcoins from the secondary market, thereby fueling gameplay rewards without minting new tokens. This strategic shift aims to create a decentralized and evolving ecosystem with community input over the next 4-5 years
NOTUSDTNOTUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
