Notcoin is Bullish or Bearish ?The chart is for the cryptocurrency pair BINANCE:NOTUSDT NOT/USDT from Binance , analyzed on a daily timeframe. Here is a breakdown of the analysis presented:
1. **Current Price**: The current price is approximately 0.015983 USDT.
2. **Price Zones**:
- **Fair Value Gaps (FVG)**: Two Fair Value Gaps are highlighted on the chart, indicating areas where price movement was rapid and may return to fill these gaps.
- The first FVG is around the 0.017000 USDT level.
- The second FVG is around the 0.013500 USDT level.
3. **Order Blocks (OB)**: These are areas of high buying or selling interest, often leading to price reversals.
- Two OB+ (Order Block) areas are noted, correlating with the FVGs.
4. **Liquidity Zones**:
- **Buyside Liquidity**: This is marked at a higher level, indicating an area where there may be a significant amount of buy orders. The specific levels are marked at 0.029300 USDT and 0.037000 USDT.
5. **Price Projections**:
- **Bullish Scenario**: If the price moves upward, it could aim for the buyside liquidity zones at 0.029300 USDT and then 0.037000 USDT.
- **Bearish Scenario**: If the price declines, it might target the lower OB and FVG areas around 0.013500 USDT.
6. **Volume Analysis**: The volume bars at the bottom indicate trading activity, with a notable increase during the recent price rise.
7. **50% Shadow**: A level marked as "50% Shadow" which might be an important retracement or equilibrium level.
### Interpretation:
- **Bullish Indicators**: If the price can sustain above the current FVG and OB areas, it may attempt to reach the higher liquidity zones. This bullish scenario is illustrated by the green and black arrows projecting upward movements.
- **Bearish Indicators**: A failure to maintain the current levels could result in the price dropping to fill the lower FVG, supported by the red arrows projecting downward movements.
### Conclusion:
This chart suggests a critical juncture where the price may either move up towards the higher liquidity zones if it can maintain above the current FVG and OB levels or potentially drop to fill the lower FVG if it fails to hold these levels. Monitoring the price action around these key zones and the volume dynamics can provide further insights into the likely direction.