🔸$NOT daily analysis [RSI + EMA analysis]

#NotCoin is certainly among the top trending coins of the moment. 🔝

Many of us own or have owned this coin thanks to Binance's #Launchpool‬ feature.

Many sold immediately and earned little or nothing, but those who resisted the temptation to sell immediately are now finding a small potential treasure in their hands.

But be careful.... ⚠️

After last week's incredible pump, #NOT is now having a retracement period.

Let's analyze the 4-hour chart below together:

Let's start by analyzing the RSI index, at the time of writing the value is around 40, which means that the currency tends to be over-sold (last week it was over-bought).

The trading volume, as expected, did not keep up with the shocking pace of the last week and had a dizzying downward peak.

Analyzing the EMA7 (yellow line) and EMA25 (pink line) lines we are witnessing a particular event.

The two EMA lines are about to intersect and this, in general, leads to a change in the current trend (therefore a drop in price is expected).

Obviously the above refers to those who trade in the short term.

Those who have the patience to wait could find a coin that in the medium term can surpass $0.03 and perhaps reach the agonized $1 in the long term.

As always, I urge you to do your research and carefully consider your investments.

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