NOT: Retraces to Fibonacci Zone After Breakout
NOT holds above 0.00046 support after breaking long-term descending structure, eyeing 0.00066 and 0.0010 with RSI at 48.16 and MACD golden cross intact.
SourceAnalysis
NOT recently broke out from the long-term descending structure with strong momentum but is now cooling off into a healthy retracement zone around the 0.5 – 0.786 Fibonacci area while retesting previous breakout structure above the ascending support trendline.
The bullish structure remains intact as long as price holds the 0.00046 – 0.00047 region after the rejection near 0.00066 triggered short-term profit taking following months of macro channel compression.
With NOT trading at $0.0 inside the Bollinger Bands, the EMA50 at $0.0 serves as concrete long-term support while the MACD golden cross at -0.0 and neutral RSI(14) of 48.16 suggest buyers can defend the demand zone to fuel the next expansion toward higher targets rather than a full reversal.
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