2024-6-1 19:00 |
An analyst on the popular trading platform TradingView has signaled that the ongoing rally in Notcoin (NOT) may be coming to an end, with a potential price correction of 30% or more on the horizon.
The Wave 5 Rally Concludes
According to pejman_zwin, a TradingView analyst, Notcoin’s fifth wave of the current bullish cycle appears to have concluded. This assessment is based on the Elliott Wave Theory, a technical analysis approach used to identify recurring price patterns in financial markets.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less –Also Read: MyNeighborAlice (ALICE) and Voyager Token (VGX) Crypto Prices Surging: Here Why
Pejman_zwin cites the breaking of the uptrend line as a confirmation sign of the end of Wave 5, which saw Notcoin surge more than 30% from its recent lows.
Potential Support Levels
If the analyst’s predictions hold true, Notcoin could experience a significant pullback, with a potential dip of at least 30% from its current price levels. Pejman_zwin has identified a key support zone around $0.009, where the downward momentum may stall.
However, should this support level fail to hold, the analyst warns that Notcoin’s price could potentially drop further, targeting the $0.007 and $0.0064 levels successively.
Conversely, if the $0.009 support level holds firm, pejman_zwin anticipates a continued rally, potentially pushing Notcoin back towards the $0.01 mark.
In the analysis, pejman_zwin emphasizes the importance of risk management and avoiding greed in trading. The analyst recommends setting stop-loss orders for any open positions and adhering to a well-defined trading strategy.
Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platformICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Notcoin (NOT) Wave 5 Rally Ends; Analyst Predicts 30%+ Dip to Next Key Support: Watch These Price Levels appeared first on CaptainAltcoin.
Similar to Notcoin - Blum - Airdrops In 2024
Rally (RALLY) на Currencies.ru
|
