NAVBTC - NAVCOIN LONG 30-45 DAY PLAY
Updated
Navcoin has demonstrated a triangle pattern with a greater continuity of 50/200 MVA Cross.
Navcoin recently pierced the bottom of the triangle but quickly receded back into the formation demonstrating the support at that level. I believe that was the bottom. Short term is likely to see some consolidation over the next week or two, possibly a few runs like in the past but ultimately the 50 MVA needs to drop considerably in order to match the pattern from the past 3 50/200 MVA Crosses.
I consider this a safe bet for the next few weeks unlikely to move the meter too much. However, the hard break up with the 50/200 MVA Cross should be within the next 30 days and should yield 200 to 250% profit. Then it will be interesting to see if it can pierce the top of the Triangle pattern . If it pierces the top, then the estimated profit is an additional 300% matching a gain the size of the triangle.
SO in the end, potential profit range of 200-550% profit.
Not to mention the MACD (Not Shown) and the RSI are both way off the charts. This coin is prime for a nice long run and hopefully a new All Time High.
To reduce risk, I would set my stop loss close to the bottom of the triangle pattern .
For educational purposes only. Good Luck.
Navcoin recently pierced the bottom of the triangle but quickly receded back into the formation demonstrating the support at that level. I believe that was the bottom. Short term is likely to see some consolidation over the next week or two, possibly a few runs like in the past but ultimately the 50 MVA needs to drop considerably in order to match the pattern from the past 3 50/200 MVA Crosses.
I consider this a safe bet for the next few weeks unlikely to move the meter too much. However, the hard break up with the 50/200 MVA Cross should be within the next 30 days and should yield 200 to 250% profit. Then it will be interesting to see if it can pierce the top of the Triangle pattern . If it pierces the top, then the estimated profit is an additional 300% matching a gain the size of the triangle.
SO in the end, potential profit range of 200-550% profit.
Not to mention the MACD (Not Shown) and the RSI are both way off the charts. This coin is prime for a nice long run and hopefully a new All Time High.
To reduce risk, I would set my stop loss close to the bottom of the triangle pattern .
For educational purposes only. Good Luck.
Note
Consolidation over the past 7 days as anticipated. The 50 (BLUE) EMA has crossed well below the 200 (RED) EMA. Likely one more week of more of similar movement creeping up before NAV ultimately makes its run.
Note
More consolidation over the last 2 weeks. Launch estimate was originally April 18th. Looking good still. The 100 EMA (not shown here) is on top of the 200 EMA, it has not crossed over entirely in more than a year. It is important to monitor this because the two of them touching has signaled an imminent turn around the past 4 runs. Additionally, take a gander at the Week Interval RSI. It is just about touching 40 which has acted as support during the past 4 runs. Things are beginning to line up, hopefully BTC cooperates.
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