The 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.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.