$NAV, Lower Low Ahead…

BITTREX:NAVBTC   Navcoin / Bitcoin
Looking at our trend timeframe we see price has formed a lower high at 4400, and is now looking for support. Stochastic RSI showing momentum is in favor of bears with no signs of reversal. Will be watching smaller timeframes for a reversal.

Shifting over to our pattern timeframe we see a triple top has formed at our 4200 resistance, stochastic rsi showing momentum also looking for a lower low. A daily close above 4200 activates our trade, however if rejected at this level expect NAV to sell off towards our 3000 possibly even 1000 depending on BTC’s selloff.

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