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Flat-Bottom Pattern Signals 673% Opportunity for Notcoin

source-logo  crypto-news-flash.com 15 November 2024 11:48, UTC
  • Notcoin signals bullish potential with a 673% profit opportunity as the altcoin market gains momentum.
  • Flat-bottom recovery and rounded bottom patterns suggest a long-term bullish trend for NOT.

Notcoin (NOT), a cryptocurrency that had bearish patterns from June to mid-September, has recently displayed potential bullish signals, according to a detailed analysis by Alan Santana, a famous crypto analyst on TradingView. September, Santana said, represented NOT’s flat bottom’s establishment, thereby preparing the ground for a possible breakout.

Notcoin Chart Setup Indicates Long-Term Trading Potential

Santana notes as the first indication of a market change the initial optimistic movement late September experienced, which was rapidly reversed.

“The bulls lacked sufficient strength, although they were trying to turn the tide,” he said. Early November’s slight correction resulted in a reduced low and the development of a rounded bottom. Representing on the chart as a blue line, the price action rapidly returned above the baseline, indicating a positive trend above this level.

Source: Alan Santana on TradingView

According to Santana’s research, NOT’s current chart configuration is a long-term trading tool. The trend is bullish if the price action maintains above the blue line; excursions below the red line suggest bearish momentum.

He said that while bullish times offer chances for leveraged long positions, during bearish phases, NOT can be accumulated in the spot market for long-term growth.

“This is our first public long after Bitcoin broke all resistance and confirmed the start of the 2025 bull market,” Santana said, stressing the chance for major altcoin market gains. He cautioned, meanwhile, about the dangers of leveraged trading, pointing out possible volatility and price swings.

Santana gave particular entry levels for investors thinking about long positions in NOT: $0.0081, $0.0074, and $0.0069, with possible returns calculated at 673%.

Meanwhile, as of writing, NOT is trading at about $0.007198, a 13.89% rise over the last 7 days notwithstanding recent corrections.

On the other hand, Notcoin has been advancing community involvement. CNF previously noted that the initiative started Not Games on Telegram, a platform with excellent and interesting games, in August. With original gaming experiences, this project seeks to establish trust and draw millions of users.

crypto-news-flash.com