NOTUSD - Update
Quick update on NOT - not had a breakdown from a smaller wedge pattern on the 7th June, on BTC's corrective move. This wedge is shown in red on the chart.
Since then on the 4h chart NOT has formed a larger bullish wedge structure. It has also held the 100 MA, and at present appears to have broken the wedge to the upside.
NOT looks bullish at present in spite of recent corrective move, however most alts depend on BTC's next move for bullish confirmation.
Remember patterns are only a matter of probabilities - any pattern can fail so always best to wait for breakout confirmation and retest.
Since then on the 4h chart NOT has formed a larger bullish wedge structure. It has also held the 100 MA, and at present appears to have broken the wedge to the upside.
NOT looks bullish at present in spite of recent corrective move, however most alts depend on BTC's next move for bullish confirmation.
Remember patterns are only a matter of probabilities - any pattern can fail so always best to wait for breakout confirmation and 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.