NAV Coin (NAV): Fractal is Playing Out

in #navcoin6 years ago (edited)

SUMMARY

NOTE: Reposting due to downvote

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NAVCoin (NAV/USD) impulsed with an extended 5th wave. Hence, the deep retracment which did not reach the prior wave 2 lows, but rather the wave 4. The white box shows a pattern that could perhaps be getting patterned out in the blue box but at a different scale.

The countours of the price thus fave for the correction is looking more like a rounded price formation (blue arrow). The correction from the wave 5 has been labeled as wxyxz (blue). Since price is still in the basin phase, but impulse waves 1 and 2 (blue) are complete, blue wave 3 should provide the onset of the right wall build. The MACD is also moving within the contracting lines of a symmetrical triangle and once more proximal to the apex, should breakout as shown by the blue arrow.

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Thanx for research :-)

Thanks for sharing this with the community. It always nice to read something that is done with passion.

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin8365.120$-1.71%-4.14%
EOSEOS13.356$-5.11%-6.2%
NAVNavCoin1.107$-10.49%0.36%
QAUQuantum0.167$-3.0%-5.14%
WAVESWaves5.855$-3.91%-11.34%

Good post
I hope to have a look at the news I post in my account On Steemit and tell me what you think .
Anyone who interacts with the news I publish I will interact with his publications

Hello @haejin, nice to see this. I love it. How about BTG (bitcoin gold)? Will it be up this month?

nice post thnx for share it with us

A very informative content. Well done sir @haejin.

Nice run-down! Let's hope you're correct - how do you see NAV performing over the next three months? up-voted.

Yes, it was amazing! NAV / BTC + 13.4% last night at Binance. Pleasant earnings.