Three indicators are confirming the potential breakout: 1. Bullish divergence on MACD. 2. Stock RSI is now heading up on 4H chart. 3. Volume spikes on price increasements. We also have a falling wedge pattern formation which is a strong bullish signal.
Looks like a bullish pennant is forming. Not sure if it has enough steam to break resistance, but if it does, I'm buying on the breakout.
looking back at 2016, we observe a similar pump pattern. The history tells us the pump is followed by slow price decrease back to baseline. From there, price can be seen increasing back again. Price prediction: 2ND pump went up to 13K -> 2.618 FIB 3RD pump went up to 40K -> 3.618 FIB of the 2nd. If new wave ever comes to NAV, it can be as high as 100K or 8-10...
NAV just scratched the bottom line of the channel good signal for pump, keep an eye on it. probably going to rise for 30-50%
NAV coin entering a very oversold zone with MFI and Stochastic RSI. The Squeeze indcator is below 0 and indicating serious squeezing. Wait for the MACD histogram to reach its peak and buy. Should be a quick and easy profit.
A bearish flag is forming with a projection towards strong support. Support 1 and 2 are good areas for buy orders.
Navcoin is still bearish on chart and need little bit more time to pass from beartrend to bulltrend, I expect in upcoming weeks navcoin is going to be back in the game What do you think guys ?
Every alt coin has good prices compared to BTC now , Keep in mind BTC might rally again to 6k or more. So NAV should go lower , i drew some support level to get an idea. I'm waiting for NAV to go lower before a reversal
Target 29k Buy 25400 - 25800 On 1 day chart 3 out of 4 technical instruments point out towards a bullish scenario On 1 hour chart it is not totally clear but it seams that 29k is not a very far reached target either
NAV coin recently rallied to a new ATH and has been consolidating for the last week. It has been bouncing off of progressively higher Fib levels with higher highs leading me to believe it will continue its uptrend when it reaches the inception point of this wedge. RSI is in the oversold region, and privacy coins have been experiencing a lot of positive movement...
Nav has still a long way to go, it has not reached it's full potential. Keep this for long term and keep updating yourself with the Nav team and the road map.
TP 1 : 3900 TP2 : 4800 This price can close wave 3 of wave elliott