NAVBTC - downtrend scenario

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I am rooting for the success of this project as I believe it has a strong dev team & community support.
However, I see a formation of a descending triangle (s) with a horizontal baseline which usually signals a downtrend.
Comment: I published the idea 3 days ago but though it did not show up until I've updated my membership status. My apologies for the double post. Chart still relevant though.
Comment: I wouldn't be surprised if the scenario above will not pan out. Important development news can be found here:
I think organic rise in price should be expected from here. I'm curious to see if the TA analysis of the above chart triumphs my gut feeling.
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