✅ Bullish Falling Wedge Breakout
The chart shows a clean breakout from a falling wedge pattern, a bullish reversal structure. This marks the end of the long-term downtrend and potentially the start of a new uptrend.
🔍 Key Technical Insights:
Breakout Level: $0.0027–$0.0029 range
Support: $0.00166 (base of wedge & critical invalidation zone)
Pattern Type: Falling wedge with narrowing volatility and bullish breakout
🎯 Price Targets:
Target 1: $0.005699 (first major resistance zone)
Target 2: $0.009607 (measured move of the wedge and previous horizontal resistance)
📈 Technical Outlook:
Breakout is supported by higher lows post-pattern.
Weekly structure now shifts to bullish bias.
Pullbacks toward the breakout area may offer buying opportunities.
⚠️ Invalidation Level:
Drop below $0.00166 would invalidate the bullish setup and reintroduce downside risk.
🔎 Summary:
The setup suggests early-stage bullish momentum. If volume increases and market sentiment supports altcoins, NOT/USDT could aim for over +200% upside from current levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.