Hi friends, hope you are well and welcome to the new trade setup of Navcoin ( NAV ) with Bitcoin pair.
On a 2-hr time frame, NAV has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NAV just responded upwards. A 200% increase since may it is a significant move. NAV seriously bit.
I've been already at this level and I will take it again. I foresee a timeframe like the one encircled in the graph.
And that could bring some profitable trades.
That's nice from a coin on 950th place in crypto.
Kind regards 🏻
💎 NAVBTC after the breakout of the resistance will go for a retest and then again will go up. It has also broken above the flag pattern . It may go to the Pullback zone before it goes up.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.00000855
☕️ TP1 0.00001100
🍺 TP2 0.00001185
🍻 TP3 0.00001325
🍾 TP4 0.00001490
💎Technical Analysis Summary💎
-NavCoin breaking its weekly key level of support
-Though we still have 4 days left
-This candle is quite too Bearish
-This is a big warning sign if you have a long position
-Please consider reducing your exposure
-Or follow your stop loss plan
-The market for the Altcoins are not good this month
A big Thanks...
-NAV Coin broke the local resistance at around 1400 sat
-If a healthy pullback to flip old resistance to support
-That will give a strong bias of upside continuation will happen
-You may enter on a retest at 1400 sat range provided Bullish signs is present
-The upside target is up to 1800-2100 sat resistance zone
-Bearish side, candle close below 1400...
As I have drawn all the important support and resistance key levels, the trend from here is looking bullish but only in following case:
- The candle which I have circled has opened above the monthly level at 1346 sats. The candle has also wicked below this level and it was rejected, indicates that this level is a support.
Now this candle has to break the upper...
-bullish reaction on the 50 3D MA
-strong bounce also at 618 fib support
-there is a new upward trendline of support
-I expect the price to consolidate in the range of 1400s
-consolidation may take up to 30-40 days
-at the end of consolidation, we will have to reassess
-market bias is Bullish to slight bearish
#NAVBTC TA Update:1
#NAVBTC now surged because of MainNet News.
But i am accumulating Here.
Buy some at 1420 Satoshi
And wait for dip also.
Entry1:- 1350-1420 Satoshi
Entry2:- 1250-1350 Satoshi
Targets:- 3057/5408 Satoshi
Why i bought..?
Because very Long Accumulation in #NAVBTC so I bought and also MainNet News in this Month.
Guys Please LIKE and...
NAV bounces off key support twice and now trading above daily EMAs. If NAV can close the candle today bullish, it could potentially signal an uptrend movement
as the bullish quickly bought the deep during its deep pullbacks. Target to the upside is up to 1600 - 1800 regions.