NAVBTC trade ideas
NAVCoin / Bitcoin NAVBTC Strong Long-term Trend!The fibonacchi retracement shows the approximately levels of resistance and support. As you may see, there are still couple of resistance level to be broken before NAVBTC will be taking off. We are still in a long-term upwards trend. In short-term, there seems to be strong support at current level and 20k satoshi. I expect NAVBTC to hit at least one of the target levels displayed within a couple of days after it has stabilized. The volumes have been quite small these weeks which may indicate a sudden burst of high volume pretty soon.
Cup and Handle on $NAV
Cupped formed between last september and mid january
Currently in Handle
Will continue down mini-bear-channel until about 0.618 Fib , then bounce up to finish handle
Distribution weakening/accumulation getting stronger
Support also at 1 fib, if we dump past 1 fib, be concerned
200 ema holding on 4H, watch for price to go below
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Nav - long term upwards channelCould happen, could not happen
Looks to me like we've been in a long term upwards channel. The recent peak to the top of the channel would suggest that we are nearing the dump phase towards the bottom of the channel. There hasn't been any downwards crosses on the emas, so no indication that the dump has started yet, although in the past it was rather slow and took somewhere around 100-180 days to complete before pumping back to new highs significantly quicker.
I would be keeping an eye on this one, especially if it starts to get closer to the emas. The 200d has been acting as dynamic support, target is based on this and previous resistance turned support, which coincides with the lower line of the channel.
NAVBreak out and fixed above strong resistance zone! Now we near support line and this good opportunity to continue rising trend on the background good news.
The #NavPay app has passed it's technical review by the iOS App Store and we are currently working with Apple to get NAV listed as an an approved virtual currency for use in the store as well. Stay tuned for iOS NavPay release.
twitter.com
In a weekly update, the team confirmed they are going to release an updated roadmap for 2018.
twitter.com
NAV/BTC completing MASSIVE inverted head and shoulders (bullish)NAV has been reaching resistance around 29 levels. It has just completed an inverted head and shoulders pattern coupled with the fact that it broke clean through that resistance and is now poised for some gains. Thinking it might reach 35 or even 40!
NavCoin: Pending Bullish Bat PatternPrice is retracing and is about to enter a key support zone developed from previous structure and fibonacci retracement levels of the impulse which broke above the long term downtrend (correction). In that support zone we have a pending bullish bat pattern which is about to complete.
Sl and tp as shown in the chart. In case price reaches the first tp we better move sl at breakeven at second position.
All the best,
John
Key support zone:
NAV- BTC - Short term, mid-term Historical resistance lines marked with Fibonacci from the high of last downtrend . Possible buy entries along the lower blue line marking down the lower part of the channel if or when retrace happens.
trend reversal could be verified if we have bounce from 38.20% Fib. level. or/and we brake through 100% Fib.
Lets see how it goes.
Willing to add opinion or share your thought... drop a comment :)
Animus
NAV - another undervalued privacy coinWe have been witnessing quite some hype going around privacy coins, which probably will gain even more momentum in future.
Some examples of privacy coin pumps are Zcash, DASH and recent ZCL.
I am looking here at the privacy coin - NAV
coinmarketcap.com
Recently, it has been listed on Binance and seems to be quite undervalued.
If the cup and handle pattern will be completed, can we expect a potential growth in value?
What are your thought on that?