NavCoin (NAVUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NavCoin began a wave one advance in October 2014. The red wave one finished in March 2015, and the red wave two correction ended in November 2015. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 13 this year, and the red wave four correction ended on April 1. If this wave count is correct, NavCoin should be heading next towards the January 13 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NavCoin is a privacy coin. Kung Fu Nerd covered the coin on May 20.
(Sources: https://navcoin.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "NavCoin will takeout the January 13 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "NavCoin will drop below the April 1 low".
If you think NavCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "NavCoin will stay in a trading range between the April 1 low and the January 13 peak until June 29".
You can upvote the comment until 3 PM EST May 27 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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