Analysis of the currency #NOT
Based on the technical data in the screenshot for **NOT/USDT**, here’s my detailed analysis of the trend forecast:
### 1. **Key Indicators**
- **Moving Averages (EMA)**:
- EMA(7): 0.002765 **(Above EMA25)**
- EMA(25): 0.002700 **(Below EMA7)**
- EMA(99): 0.002914 **(Above the current level)**
→ **Negative Signal**: The crossover of EMA7 and EMA25 may indicate weakness in short-term upward momentum, especially with the price below EMA99 (strong resistance).
- **Relative Strength Index (RSI)**:
- RSI(6): **61.57** (In the "Neutral" area but close to overbought).
→ **Warning**: If it exceeds 70, it may enter overbought territory, increasing the chances of a downward correction.
- **Directional Indicator (MACD)**:
- DIF: 0.000072
- DEA: 0.000104
- MACD: **-0.000032** (Negative).
→ **Bearish Signal**: Negative crossover indicates weakness in upward momentum.
### 2. **Support and Resistance Levels**
- **Strong Resistance**: 0.003579 (Highest level on the visible chart).
- **Critical Support**: 0.002700 (Close to EMA25).
- **Current Price**: 0.002909 **(Below resistance line 0.003579 by a significant margin)**.
→ A bullish breakout requires trading volumes higher than the current 7.15B.
### 3. **Order Book Analysis**
- **Demand (Buy)**: 48.9%
- **Supply (Sell)**: 26.9%
→ **Positive**: Current buying pressure is higher, but the difference is not significant enough to drive a strong rise.
### 4. **Forecast: Short-term Downtrend with Potential Subsequent Rise**
- **Short-Term Trend (1-4 hours)**:
- **Potential Downtrend** due to:
• Negative MACD crossover.
• Selling pressure at resistance 0.003579.
• RSI is close to overbought territory.
- **Downward Target**: 0.002700 (EMA25 support) or 0.002649 (24-hour low).
- **Medium-Term Trend (1-3 Days)**:
- If **0.002914 (EMA99)** is broken and the price holds above it, a rise towards **0.003228** may begin.
- Current upward ratio (+7.70%) may see a correction.
### Summary:
- **Directly**: **Potential Downtrend** of 3-5% towards **0.002700–0.002650**.
- **Medium Term**: Depends on breaking **0.002914** (up) or **0.002650** (deeper down).
- **Advice**:
- **Day Traders**: Entering a sell at a break below 0.002900.
- **Investors**: Waiting for confirmation above 0.002914 or buying at 0.002650.
> ⚠️ **Alert**: This is technical analysis only - rapid fluctuations in cryptocurrencies require live monitoring. Use stop-loss orders!