Lokesh Gupta
01-06-2024
After a six-day surge, a red candle formed yesterday, followed by bulls regaining control today with a green candle.
$NOT reached a lifetime high near $0.013290 before experiencing expected retracement.
On the 4-hour chart, #Notcoin broke the descending triangle pattern, signaling a potential price surge.
Notcoin found significant support around the 0.5 Fibonacci retracement level at $0.011 on the 4-hour chart.
Expectations foresee $NOT rebounding from this support and targeting the 1.236% Fibonacci extension level.
Notcoin's price has been forming higher highs and lower lows over the past week. As it ascends, NOT could face notable resistance levels at $0.0133, $0.0145, and $0.0156.
According to Coingabbar analysis, In a bearish scenario, essential support zones for NOT's price to rebound from are approximately at the $0.011 and $0.0085 levels.
KEY LEVELS :
RESISTANCE LEVEL : $0.015000-$0.020000
SUPPORT LEVEL : $0.010000-$0.007000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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