Updated
NAVBTC - downtrend scenario
I am rooting for the success of this project as I believe it has a strong dev team & community support.
However, I see a formation of a descending triangle(s) with a horizontal baseline which usually signals a downtrend.
However, I see a formation of a descending triangle(s) with a horizontal baseline which usually signals a downtrend.
Note
I published the idea 3 days ago but though it did not show up until I've updated my membership status. My apologies for the double post. Chart still relevant though.Note
I wouldn't be surprised if the scenario above will not pan out. Important development news can be found here: navcoin.org/news/articles/post/navtech-anon-beta
I think organic rise in price should be expected from here. I'm curious to see if the TA analysis of the above chart triumphs my gut feeling.
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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.