NOT/USDT 
2024-12-04
Category: gaming

This analysis is suitable for users considering short-term trading.


English Analysis:
Chart Type and Timeframe:

The chart shows the "NOT/USDT" pair on Binance in a 15-minute timeframe. This indicates a short-term analysis.
Fibonacci Levels:

Fibonacci retracement levels are used. Key levels: 0.236 (0.009545), 0.382 (0.009607), 0.5 (0.009660), 0.618 (0.009716), and 0.786 (0.009792).
The 0.618 level is typically considered the strongest resistance or support, and price is likely to consolidate here.
Current Price Status:

The price is currently at 0.009489 and showing a bearish trend, indicating short-term selling pressure.
Trendline and Support:

The blue trendline represents an upward trend, but the price is now approaching this line. If it breaks below, the next support could be the 1.618 extension level at 0.009220.
Bullish/Bearish Expectation:

The price is moving between the 0.5 and 0.618 levels. If the 0.618 level is broken upward, the next targets could be 0.786 (0.009792) and 1.0 (0.009883).
However, the current trend appears bearish. If the downward movement continues, there’s potential for the price to drop toward the 2.618 level (0.008868).