Long

Return of NavCoin

By knucklesandwich

Updated

First published chart; if you like it check out JSburgos because it's literally one of his techniques.

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d33t3vvu2t2yu5.cloudfront.net/i/IYoAh9HL_171_121.png

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okay i think i figured out how to properly add an update lol

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excellent.

just waiting for a breakout now

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got stuck at the .786 fib line on that last breakout. let's try this again.

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breakout surpassed .786 fib

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testing support along the bottom channel line

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covering lost ground from the little btc pump, gaining momentum

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this coin pumped a little too fast for my taste earlier today: i sold half of my nav.

as far as it keeping support at this level, i'm still unsure at the moment but looks to be holding decently.

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bought back in after seeing how strong nav held against btc going up... currently it looks like we are about to shoot up again

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here are the two possibilities i see happening, with the one in black being more likely IMO

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going up soon

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coinigy.com/s/i/58fe4b3b/

OVERVIEW:
price was steadily riding the trend line for the first month then it shot up on a sort of fomo trend, from there it started correcting, but the correction went a bit too long due to emotion being a big influence. once it corrected back to the trend line it got rejected most likely also due to emotion being a big player, so it consolidated again and pumped well above the trend line. now it is consolidating straight toward the trend line which leads me to believe a huge pump similar to the first is going to happen over the course of the next few weeks

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i've switched to coinigy so sorry the chart isnt embedded into that update

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I have started a new thread on this chart

knucklesandwich

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