NOT/USDT Technical Analysis in 12-Hour Timeframe

15 août

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

NOT is under a symmetrical triangle pattern, facing resistance at the 21 EMA at $0.01160. If the price gets rejected from this resistance, it is likely to reach the green box between $0.00988 and $0.01056.

The crucial resistance for NOT is at $0.013, and once it breaks above this resistance trendline, a bullish rally is possible. The support trendline between $0.00988 and $0.01056 must hold the price.

Key levels:

- Support/Accumulation: $0.00988-$0.01056
- Resistance: $0.01160 (EMA) and $0.013 (Resistance trendline)
- Target: $0.03

We will re-analyze the chart if the price closes below the support trendline.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE