Notcoin (NOTUSD) Price Forecast: August 20
Based on the outlook, the NOTUSD bulls will likely push higher, and the bullish run might increase the overhead resistance as the coin investors remain unbiased about the market. The coin is now facing resistance after a series of bearish moves. The correction phase is due to the inflow from the bulls. Therefore, if the buy investors should add more strength to their inflows in the market and close above the $0.0145 supply value, then we can go for a clean buy position.
Key Levels:
Resistance Levels: $0.0106 $0.0107, $0.0108
Support Levels: $0.0100, $0.0099, $0.0098
NOT (USD) Long-term Trend: Bearish (4H Chart)
Analyzing the chart above, it is obvious that the NOTUSD bulls will push higher as the coin resumes its bullish pattern in the higher time frame. The coin market has just begun its bullish correction below the supply levels, indicating a bearish trend.
The drop in the coin price to the $0.0108 low value in the previous action has made the market price stay below the supply zone in its recent high. However, the bulls will push higher as the rising pattern has just started.
Today, after updating the lows at $0.0105 low value, the Notcoin buyers made a pullback to a $0.0108 resistance level below the EMA as the 4-hourly chart commences, enabling bulls’ recovery to foster a higher price, resulting in an intraday gain for buyers.
Thus, a possible breakout from the $0.0127 neckline will accelerate the buying momentum and push the NOTUSD prices higher to hit its previous high of $0.0145 resistance level.
In addition, the market value of Notcoin is pointing up on the daily stochastic, suggesting the bulls will push higher and a bullish continuation. From the look of it, it will keep growing and the $0.0150 high value and above might be the target in the days ahead in its long-term outlook.
NOT (USD) Short-term Trend: Bearish (1H Chart)
The NOTUSD price indicates that the bulls will push higher as a new correction pattern could be seen trending below the supply levels. Further, the coin price is gathering momentum below the moving average line, suggesting a bearish trend.
The sustained bearish pressure at the $0.0105 support value in the previous action has dropped the Notcoin price below the supply level lately.
Just after a few minutes of opening the 1-hourly chart, the bulls pushed higher and triggered the momentum in price to a $0.0108 resistance value below the moving averages, implying the bulls will go higher as the crypto faces the resistance.
However, the daily signal pointing upwards implies that the NOTUSD buyers will push higher. It is now expected that the buy investors will drive the coin price to a significant level above the key areas in the near days. In this case, the bulls might push higher to a $0.0150 high level in its short-term time frame.
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