NAV Coin (NAVBTC), we could say its printing a bullish engulfing candlestick, not a perfect bullish engulfing but this is a good signal.
Here is a close look at it:
Please keep in mind that the daily candle (1D) needs to close before this signal is confirmed. Daily candle closes in two hours or at 00:00 UTC.
Additional bullish signals for NAVBTC
Trading above EMA5 and EMA10.
Green volume increasing.
Bullish RSI.
MACD trending up.
Altcoins market (especially the Binance alts) heating up.
Up to 250% of profits can be collected with this setup depending on how high you are aiming.
Remember that it all takes time. It can take just a few days for a pair to start to move, just as it can take a few WEEks, in some cases months... PATIENCE IS KEY!
Also, keep in mind that the chart can change... for example: If NAVBTC moves below EMA10 and later breaks the last low (0.0000088), the above signals are invalidated and a new analysis is needed. That's why we use a stop-loss below this level.
On a different scenario, its price can move lower and bounce... It is always good to be prepared for all scenarios.
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