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๐ NOT Coin: Unraveling the Elliott Wave Pattern! ๐
$NOT
Binance Fam! ๐ Let's dive deep into the technical analysis of NOT Coin!
Elliott Wave Analysis
We're using Elliott Wave theory to understand NOT Coin's price movements. Here's what we've observed:
* The Initial Spike: We started with a strong upward move, followed by a small correction.
* First Dip: The price then dipped to touch the first demand zone. This could be the start of the first bearish wave, or it might be a subwave within a larger bearish move.
* Second Dip: The price dipped further to touch the second demand zone. This was likely the start of the first major bearish wave. The subsequent rise was likely the second bearish wave.
* Bottoming Out: We saw another demand zone at the bottom of the initial upward spike. When the price touched this zone, it formed an ABC pattern. This entire pattern likely represents the third wave.
* The Fourth Wave: After this, the price made a significant rise, which we consider the fourth wave.
* The Fifth Wave (In Progress): Currently, the market is forming an ABC structure, which is expected to be the final fifth wave. Wave A and B are likely complete, and we're now waiting for wave C to unfold.
Fundamental Factors
* Binance Listing: NOT Coin saw a surge after its listing on Binance, reaching an all-time high. However, it subsequently experienced a decline.
* Durov Arrest: The arrest of Telegram's founder, Pavel Durov, negatively impacted NOT Coin's price, causing a significant drop.
* Trading Volume: Despite the challenges, NOT Coin has seen impressive trading volume.
Technical Outlook
* Support Level: NOT Coin is currently trading near a critical support level.
* Bullish Reversal Potential: If it holds above this support, there's a chance of a bullish reversal.
* Falling Wedge Pattern: The formation of a falling wedge pattern suggests the possibility of a trend reversal.
Disclaimer: This is for informational purposes only and not financial advice. Always do your own research before making any investment decisions.
What do you think, Binance Fam? Do you see a bullish reversal on the horizon for NOT Coin? Share your thoughts in the comments below! ๐
Binance Fam! ๐ Let's dive deep into the technical analysis of NOT Coin!
Elliott Wave Analysis
We're using Elliott Wave theory to understand NOT Coin's price movements. Here's what we've observed:
* The Initial Spike: We started with a strong upward move, followed by a small correction.
* First Dip: The price then dipped to touch the first demand zone. This could be the start of the first bearish wave, or it might be a subwave within a larger bearish move.
* Second Dip: The price dipped further to touch the second demand zone. This was likely the start of the first major bearish wave. The subsequent rise was likely the second bearish wave.
* Bottoming Out: We saw another demand zone at the bottom of the initial upward spike. When the price touched this zone, it formed an ABC pattern. This entire pattern likely represents the third wave.
* The Fourth Wave: After this, the price made a significant rise, which we consider the fourth wave.
* The Fifth Wave (In Progress): Currently, the market is forming an ABC structure, which is expected to be the final fifth wave. Wave A and B are likely complete, and we're now waiting for wave C to unfold.
Fundamental Factors
* Binance Listing: NOT Coin saw a surge after its listing on Binance, reaching an all-time high. However, it subsequently experienced a decline.
* Durov Arrest: The arrest of Telegram's founder, Pavel Durov, negatively impacted NOT Coin's price, causing a significant drop.
* Trading Volume: Despite the challenges, NOT Coin has seen impressive trading volume.
Technical Outlook
* Support Level: NOT Coin is currently trading near a critical support level.
* Bullish Reversal Potential: If it holds above this support, there's a chance of a bullish reversal.
* Falling Wedge Pattern: The formation of a falling wedge pattern suggests the possibility of a trend reversal.
Disclaimer: This is for informational purposes only and not financial advice. Always do your own research before making any investment decisions.
What do you think, Binance Fam? Do you see a bullish reversal on the horizon for NOT Coin? Share your thoughts in the comments below! ๐
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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