Hi friends, hope you are well and welcome to the new trade setup of Navcoin ( NAV ) with Bitcoin pair.
On a 2-hr time frame, NAV has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
price break the Neckline of the head and shoulder's possible swing trade here incase another swing low because of bitcoin movement
adding two buy orders
entry 1 : 700 - 720 sats
entry 2 : 600 - 620 sats
Stop : 530
Target : 800 , 950 , 1150 ,1300
As I have drawn all the important support and resistance key levels, the trend from here is looking bullish but only in following case:
- The candle which I have circled has opened above the monthly level at 1346 sats. The candle has also wicked below this level and it was rejected, indicates that this level is a support.
Now this candle has to break the upper...
The NAVBTC is moving within a falling wedge and now at this point the volume profile is showing very low interest of traders moreover the stochastic is also in oversold zone.
A strong bullish divergence is expected from here insha Allah.
The targets are:
Buy between: 0.00003400 to 0.00002005
Sell between: 0.00004253 to 0.00006631
Regards,
Atif Akbar (moon333)
NAVBTC has had a strong rebound off the bottom of its trend channel. We see the opportunity for a very good Risk/Reward ratio by entering with a tight stoploss.
Target 1: 0.0000458
Target 2: 0.0000477
Target 3: 0.0000535
Target 4: 0.0000642
Stoploss: 0.0000405
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
