NAVBTC - Watching for a Breakout
NAVBTC is showing some signs of bullishness as it looks to close this triangle that has been forming for some time.
It has strong supports around these levels (denoted by the red lines) which it has respected for some time.
The 1D MACD has crossed bullish and the WT Oscillator has picked up from the ground.
I'll be looking for an increase in volume and a bullish Stochastic RSI cross as the triangle comes close to closing.
Fibonacci levels drawn to show potential areas of resistance and targets.
A break downwards with the price violating both support lines would spell bad news.
It has strong supports around these levels (denoted by the red lines) which it has respected for some time.
The 1D MACD has crossed bullish and the WT Oscillator has picked up from the ground.
I'll be looking for an increase in volume and a bullish Stochastic RSI cross as the triangle comes close to closing.
Fibonacci levels drawn to show potential areas of resistance and targets.
A break downwards with the price violating both support lines would spell bad news.
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.