💎Technical Analysis Summary💎 BINANCE: NAVBTC -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/BTC -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...
NAV/BTC -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
$NAV finds itself in the accumulation phase. On weekly chart RSI is showing bullish divergence. Price is stuck in green box area which is historically has been a buy time. There is a chance that price can go to the second green box area however it's unlikely. Buy - green. Sell - red. It's not a financial advice. Trade carefully and good luck!