NOTUSDT Potential Retracement and Rally to $0.03414
I'm observing the price action of NOTUSDT and it appears there may be a short-term retracement before continuing its upward trajectory. Based on the Fibonacci retracement tool, I'm anticipating a pullback to around $0.021123 or $0.019855, which will present an excellent buying opportunity for the next leg up targeting $0.03414.
Chart Analysis:
Current Price Action:
The price of NOTUSDT is currently trading around $0.02402 after reaching a recent high.
The recent price movement suggests a potential retracement is on the horizon.
Fibonacci Retracement Levels:
The retracement levels from the recent high indicate potential support zones where the price might find a reversal.
Key retracement levels to watch include:
0.5 Fib level at $0.024710
0.618 Fib level at $0.025849
The deeper retracement levels of 0.786 at $0.027456 and 1.0 at $0.029503
Expected Pullback Zones:
The price is likely to find support at the 0.5 Fib level ($0.024710) or the 0.618 Fib level ($0.025849).
For a more pronounced correction, I'm watching the 0.786 Fib level at $0.027456 and the 1.0 Fib level at $0.029503.
These zones are marked by the blue arrows on the chart as potential entry points for long positions.
Ideal Entry Points:
The best entry points for long positions are around $0.021123 (0.618 retracement level) and $0.019855 (0.786 retracement level).
These levels offer a favorable risk-reward ratio and align with historical support zones.
Bullish Reversal and Target:
After the anticipated retracement, I'm expecting a bullish reversal that will propel NOTUSDT towards the 1.618 Fibonacci extension level at $0.03414.
This target aligns with the overall bullish trend and previous price action patterns.
Price Target:
My next major price target is the 1.618 Fibonacci extension level at $0.03414.
This level represents a significant resistance point where I expect the price to encounter selling pressure.
Conclusion:
NOTUSDT is showing signs of a potential retracement, presenting an excellent buying opportunity around $0.021123 or $0.019855. These levels are ideal for long entries, setting the stage for the next leg up towards the 1.618 Fibonacci extension target of $0.03414. Keep an eye on the support zones and be ready to enter long positions as the price approaches these key levels.
Happy Trading! 📈🚀
Chart Analysis:
Current Price Action:
The price of NOTUSDT is currently trading around $0.02402 after reaching a recent high.
The recent price movement suggests a potential retracement is on the horizon.
Fibonacci Retracement Levels:
The retracement levels from the recent high indicate potential support zones where the price might find a reversal.
Key retracement levels to watch include:
0.5 Fib level at $0.024710
0.618 Fib level at $0.025849
The deeper retracement levels of 0.786 at $0.027456 and 1.0 at $0.029503
Expected Pullback Zones:
The price is likely to find support at the 0.5 Fib level ($0.024710) or the 0.618 Fib level ($0.025849).
For a more pronounced correction, I'm watching the 0.786 Fib level at $0.027456 and the 1.0 Fib level at $0.029503.
These zones are marked by the blue arrows on the chart as potential entry points for long positions.
Ideal Entry Points:
The best entry points for long positions are around $0.021123 (0.618 retracement level) and $0.019855 (0.786 retracement level).
These levels offer a favorable risk-reward ratio and align with historical support zones.
Bullish Reversal and Target:
After the anticipated retracement, I'm expecting a bullish reversal that will propel NOTUSDT towards the 1.618 Fibonacci extension level at $0.03414.
This target aligns with the overall bullish trend and previous price action patterns.
Price Target:
My next major price target is the 1.618 Fibonacci extension level at $0.03414.
This level represents a significant resistance point where I expect the price to encounter selling pressure.
Conclusion:
NOTUSDT is showing signs of a potential retracement, presenting an excellent buying opportunity around $0.021123 or $0.019855. These levels are ideal for long entries, setting the stage for the next leg up towards the 1.618 Fibonacci extension target of $0.03414. Keep an eye on the support zones and be ready to enter long positions as the price approaches these key levels.
Happy Trading! 📈🚀
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