I have been following this project for a while now and I still think this is going to be one of the best alt coin buys in this bear market.
Technicals
NOIA coin topped out nearly one dollar in April 2021 after a 30000% move. since then we have been on a decline line like the rest of the market and has retraced nearly 97%.
97% is a massive overshoot in my opinion but the rest of the market is not to far off , here is a list of pretty good projects at have retraced nearly the same.
$SOL 95%
$AVAX 92%
$LINK 90%
$DOT 90%
$ENJ 94%
$NEAR 92%
$FTM 95%
Are these projects done for? is it game over for FTM and SOL being 95% down? I don't think so.
So NOIA has created a massive descending wedge which is a bullish pattern , last weekly candle happen to hit on the 1.618 Fib time which happens to be a important level for coin.
0.03 has two confluence points in its past September 2019 where it broke down going into the covid crash and July 2020 where it broke that level to start a run up to ATH.
Not many data points at this level but its interesting how the 1.618 time FIB hits right on this level and right at the bottom of the descending wedge.
Now we come to the most compelling piece of technical evidence , the LMACD bullish divergence. Since June 2021 we have been making lower highs on the histogram , we have been building this divergence for over 500days now , something is clearly stirring in the background.
For the last two years NOIA takes on average 90days to finish its corrections and we around that 90 day period now with last candle close.
Token Information
This year saw saw NOIA unloading millions of tokens onto the market ,below you can see how many millions of coins were sold throughout the year.
This shouldn't come a shock to anyone since they published this article January 2022 showing you a there plans .
"We are presenting an updated circulating supply schedule to provide full transparency into our plans for the current year."
medium.com/syntropyn...or-2022-3517a44b15cc
December will be the last planned unlock.
Conclusion
1. Bullish divergence LMACD
2. Descending Wedge
3.1.618 Fib Time hit
4.90 day correction period hit
There plenty of technical signs here that we have a bottom and a move up is coming.
Technicals
NOIA coin topped out nearly one dollar in April 2021 after a 30000% move. since then we have been on a decline line like the rest of the market and has retraced nearly 97%.
97% is a massive overshoot in my opinion but the rest of the market is not to far off , here is a list of pretty good projects at have retraced nearly the same.
$SOL 95%
$AVAX 92%
$LINK 90%
$DOT 90%
$ENJ 94%
$NEAR 92%
$FTM 95%
Are these projects done for? is it game over for FTM and SOL being 95% down? I don't think so.
So NOIA has created a massive descending wedge which is a bullish pattern , last weekly candle happen to hit on the 1.618 Fib time which happens to be a important level for coin.
0.03 has two confluence points in its past September 2019 where it broke down going into the covid crash and July 2020 where it broke that level to start a run up to ATH.
Not many data points at this level but its interesting how the 1.618 time FIB hits right on this level and right at the bottom of the descending wedge.
Now we come to the most compelling piece of technical evidence , the LMACD bullish divergence. Since June 2021 we have been making lower highs on the histogram , we have been building this divergence for over 500days now , something is clearly stirring in the background.
For the last two years NOIA takes on average 90days to finish its corrections and we around that 90 day period now with last candle close.
Token Information
This year saw saw NOIA unloading millions of tokens onto the market ,below you can see how many millions of coins were sold throughout the year.
This shouldn't come a shock to anyone since they published this article January 2022 showing you a there plans .
"We are presenting an updated circulating supply schedule to provide full transparency into our plans for the current year."
medium.com/syntropyn...or-2022-3517a44b15cc
December will be the last planned unlock.
Conclusion
1. Bullish divergence LMACD
2. Descending Wedge
3.1.618 Fib Time hit
4.90 day correction period hit
There plenty of technical signs here that we have a bottom and a move up is coming.
Comment:
amazing weekly close on MACD and amazing reaction off the bottom of descending wedge
Comment:
massive breakout 80%
Comment:
Massive breakout of descending wedge
Comment:
400% move since call , what a move from NOIA god dam
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