Notcoin (NOT)

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Notcoin with the slogan Probably Nothing, started as a viral Telegram game that onboarded millions of users around the globe into web3 through a tap-to-earn mining mechanic.

Anyway, NOT is still young, but the signs indicate a bright future. NOT started with a downtrend move that turned into a small scissor pattern. Then, NOT broke this pattern and went up. Currently, NOT is in correction, and the horizontal area is the possible target for this wave to end. Let's see what happens.

Ghi chú

So, NOT is still going up. The possible target for NOT's current upward wave could be the yellow area, which is equal to the distance between the previous ATH and ATL. Also, it seems NOT is moving in an ascending channel. Correction starts when NOT breaks this channel. Let's see what happens.

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So, NOT broke the ascending channel, went up and passed all the hypothetical lines, including the yellow oval one. NOT is in uncharted areas where there are no resistances or supports. How high can NOT go before correction starts? Let's see what happens.

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So, NOT went high and higher like there was no stop! However, it seems that NOT is moving in an inverted-ascending wedge pattern, a steep one. Anyway, NOT reached the wedge's upper line; couldn't pass it, and then correction started. Two scenarios could play out: either NOT comes down and reaches the wedge's lower line and start another upward wave, or break the lower line and correction continues. I prefer the later one, since this way there is enough time for resting to gain momentum. Also, if the second scenario occurs, there are two possible zones based on price and time Fib analysis for the correction to end. Let's see what happens.

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So, NOT broke the wedge pattern downward, and the only thing that can stop it from going further down toward the lower area is the minor horizontal area. Let's see what happens.

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So, NOT broke the horizontal area, and NOT is going downward. Let's see how low the correction wave can go.

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So, NOT is slowly going down in the triangular shaped pattern. Two possible scenarios could happen. 1) NOT break the bottom of the triangle and goes down; 2) NOT break the triangle upward, but oscillate between the two horizontal area. It is too soon for the NOT's next upward phase; the first signal for it is NOT breaking the horizontal resistance area upward, and possibly made a pullback on it. Let's see what happens.

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So, NOT went down, reached the bottom of the first rectangle area, then went up and broke the downtrend line. For reversal to be confirmed, NOT needs to break the horizontal resistance area too. Let's see what happens.

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So, NOT couldn't break the horizontal resistance area; tried twice. That's mean NOT lack the required momentum for upward continuation. In my view, it is better for NOT to visit lower price levels to gain momentum; in that case, NOT can achieve much higher price levels. Currently, NOT is moving in a minor ascending channel. Let's see what happens.

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So, NOT broke the minor ascending channel and went down. Two scenarios could play out. 1) NOT going down to the horizontal resistance area, then the next upward wave starts. 2) A harmonic pattern unfolds; for this, NOT has to break the horizontal resistance area and go further down. Let's see what happens.

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So, it is clear that NOT is still in correction. For correction to end, first, the downtrend line has to break. For the first scenario (read the previous comment) to play out, NOT's correction has to finish at either horizontal level. Let's see what happens.

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So, NOT went down to the second horizontal resistance area; 0.618 Fib level. Then an upward wave started, NOT broke the downtrend line, and going up. Let's see what happens.

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So, Not broke the downtrend line and went up, a little. Then correction started which seems could come down to the minor horizontal area. Let's see what happens.

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So, NOT didn't go down further, broke the minor downtrend line, and went up. Let's see what happens.

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So, it turned out that NOT is moving in a small triangle pattern. Have to wait and see in which direction NOT break this triangle. Let's see what happens.

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So, finally, the NOT's big picture is emerging, and it seems a big triangle pattern is forming. If true, good things can come out when NOT breaks this triangle upward. Let's see what happens.

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So, once again, NOT reached the major downtrend line, but couldn't break through. Just have to wait for NOT to break above this trend line. Let's see what happens.

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So, NOT finally broke the major downtrend line, and is going up. Let's see how high NOT can rise.

Giao dịch đang hoạt động

So, even though NOT went down a little further, the analysis is still the same. The correction wave is unfolding in a descending triangle pattern. Just have to wait for correction to end. Let's see what happens.

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So, NOT broke the triangle correction pattern.

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