Navcoin (NAV) - Oversold /Bullish divergence

** high risk - $10m market cap - small position sizes only **

On the above 2-day chart price action has corrected 90% since last April. A number of reasons now exist to be bullish:

1) The 'Incredibly buy’ signal prints.

2) Regular bullish divergence. 11 oscillators are printing bullish divergence with price action.

3) Points 1 and 2 are also valid on the 2-day NAV/BTC chart (below).

4) Price action shows support on the 0.618 golden ratio as measured from the lows of March 2020 to the highs of last April.

Is it possible price action falls further? For sure.

Is it probable? No.

Good luck!

Ww

PS: not in this trade, ask for updates below.

2-day NAV/BTC pair

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Commentaire:

Forgot to add chart above. Divergence on the daily increases and breaks out of falling wedge, target shown on chart, 2x at first.

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Transaction en cours:

Remember ** high risk - $10m market cap - small position sizes only **

Higher highs higher lows...

Transaction en cours

Transaction en cours: