NAV Coin (NAV) Analysis: Is it done surging?

in bitcoin •  7 years ago 

NAV is experiencing a nice surge and it's very tempting to pile on. The FOMO is irresistable. However, if you ladder you entries, your can avoid FOMO. Laddering forces a disciplined approach by setting up multple entries at varying price ranges.

Here is the daily chart for NAV and labeled with waves. It is finishing wave iii and so a small correction of wave iv is expected and then the terminal wave v. This wave could become extended, as is common for cryptos.

The shorter time frame shows that wave iv has already started and near to finishing. So, wave v surge is next.


If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: 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.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

A friend of mine doubled his money on this and is now out!

Great tips! Appreciated!

100% and resteemed! Thank you @haejin

Good analysis. When you hit a first run which achieves all-time highs in a crypto... basically that is bullish for at least one more run to a new all-time high. It is pretty rare that this would not happen, so I agree about the idea of further waves higher. 3 waves is usually a pretty standard number, but there could be more or less.

Good suggestion.

Actually, there are 8 waves in a full set of impulse and retrace. Five impulse and three wave retrace.

I share your view, just a matter of when it will start. Weekly update should be out soon, hoping for some big news to build on the recent rally.

NAV is on the move very soon!