NAV Coin (NAV): Fractal is Playing Out

SUMMARY

NOTE: Reposting due to downvote

Note: Bitcoin Live invites you to attend an information session Webinar, on May 21st at 3 PM EST, with Haejin Lee, a featured Analyst. Whether you're a seasoned trader, investor or a newbie; this is an opportunity to learn exactly how Haejin Lee's in depth Crypto analysis and didactic educational approach can help augment your due diligence.

__

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.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--