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NAVBTC Broke down Fib 1.618 retracement

Short
Navcoin / Bitcoin (BITTREX:NAVBTC)  
Skyrex  
BITTREX:NAVBTC   Navcoin / Bitcoin
Trend Analysis Chart Patterns Technical Indicators Descending Channel supportbreakdown Fibonacci Retracement NAVBTC NAV skyrocksignals
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trendanalysis chartpattern indicator descendingchannel supportbreakdown fibonacciretracement navbtc nav skyrocksignals
NAV is still moving in the descending channel and broke it down below the Fib 1.618 level we expect further price decrease in the short run. Ichi cloud also indicates a bad scenario. Although with a price decrease we can see volume growth this means that market players are interested in this coin and grab them while they are at dip for a long term trades. If you opened position with NAV move out of it and wait till the price meets the next major support level, then buy it again.
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