NOT ▵ → Is a rally possible now? Why is 0.020 so important?

13 Haz 2024

NOTUSDT breaks the resistance of the descending wedge (bullish set-up) and forms consolidation inside the range 0.0169 - 0.0199. A retest of support or the previously broken pattern boundary before rising is possible.

NOT under dump, after a strong rally, has eliminated some traders and may strengthen at the moment after the bulls hold the defense above key support and liquidity zones. The coin is in a consolidation stage after exiting the descending range. The market's transition to the stage of active strengthening and growth may be a breakout and consolidation of the price above 0.0188 - 0.0199. The potential of the coin both technically and fundamentally is quite tempting, but everything depends on the bulls.

Resistance levels: 0.0188, 0.0199, 0.023
Support levels: 0.0169, 0.0153

Since the price is inside the range, for an active price action the price must overcome one of the boundaries, the most likely scenario is a retest of the support (false breakdown) before further growth.

Regards R. Linda!

13 Haz 2024

İşlem aktif

The 0.0169 area plays the role of a liquidity zone and a reversal point after a false breakdown. Accordingly, this is its importance for traders

14 Haz 2024

İşlem aktif

Bounce from 0.0169. Buyers do not let beyond the level and build the limit boundary

14 Haz 2024

İşlem aktif

If the bulls hold the price above 0.02, the coin will move into an active rally phase

14 Haz 2024

İşlem aktif

False breakdown. Bitcoin is pulling coins down with it
Focus on the 0.02 - 0.0169 range

16 Haz 2024

İşlem aktif

If the bulls hold 0.02, then only growth will follow )