Lokesh Gupta
15-06-2024
#Notcoin reached an all-time high of $0.02940 on June 2nd but entered a correction phase during broader market consolidation.
The price established a local bottom at $0.01490, supported by a 50% Fibonacci retracement level.
During this retracement, a bullish flag pattern emerged in the $NOT price chart.
On June 12th, the price broke out bullishly above the upper trendline of the flag pattern, indicating a continuation of the uptrend.
According to Coingabbar analysis, Supported by the bullish flag pattern, buyers are poised to push the price above key resistance levels at $0.02300 and $0.0300.
Downside risk exists, with potential support levels at the 20-day moving average around $0.01800 and further down at $0.01500.
KEY LEVELS :
RESISTANCE LEVEL : $0.0230000-$0.0300000
SUPPORT LEVEL : $0.0150000-$0.0100000
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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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