#NOTCOİN #Notcoin👀🔥 #Notcion #BTC☀
Analysis based on the chart:
1. Bollinger Bands Indicator:
The chart shows that the price is approaching the lower border of the Bollinger Band, which means that there is a possibility of a rebound in the upward direction in the near term. However, caution should be exercised against breaking the current support.
2. RSI indicator:
The current RSI is at 33.51, which is close to the oversold zone (below 30), which could mean that the price is in a phase close to an upward bounce, or at least the decline has stopped.
Using Fibonacci to identify potential entry points:
We draw Fibonacci retracement levels based on the high at 0.009302 and the low at 0.007535 (as shown in the chart).
Key levels to watch:
23.6% level at around 0.008: indicates that the price may find support here before bouncing back.
38.2% level at around 0.0081: This could be a resistance level in case of an upward bounce.
61.8% level at around 0.0085: If the price breaks this level, there may be strong upward momentum.
Possible entry points:
Buy if 0.0081 (nearest resistance level) is broken. Here the bullish entry will be supported by the possibility of the uptrend continuing.
Sell on break of 0.0077 (current lower support). Break of this level may indicate continuation of the downtrend.
Possible direction:
Based on technical analysis and current indicators, if the current support holds and the price breaks above 0.0081, there could be positive momentum. If broken, it could indicate a continuation of the decline.
Integrated chart:
To add Fibonacci levels, I will draw a new chart.
Integrated with Fibonacci based on these analyses.
