Short
NAVBTC
15min Chart
Currently in a descending parallel channel and touching the upper part of the channel, which it's also a previous resistance level.
Trading strategy:
1. Buy if a candle close above the channel
2. Wait for a retracement inside the parallel channel and buy when the lower line is hit.
Currently in a descending parallel channel and touching the upper part of the channel, which it's also a previous resistance level.
Trading strategy:
1. Buy if a candle close above the channel
2. Wait for a retracement inside the parallel channel and buy when the lower line is hit.
Trade active
Trade active for 1. case (targets & stop on the snapshot)Trade active
Target 1 Reached: 5.5%Trade closed manually
Just target 1 reached. Closed at this level.It broke the descending channel, but failed to form a triangle/flag fomation after the price increase. Let's give it some time for consolidation.
Update soon!
Trade active
NAVBTC UpdateNAV touched the bottom side of the current price channel.
It's a good trade with low risk, if we consider the price will continue to move inside this channel. Let's see how it will develop.
Targets:
699 sat
735 sat
771 sat
841 sat
Stop @ 5450sat (it will also break the trendline)
Trade closed: stop reached
Hit stop!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.