Nav, the privacy token, has since the Bitcoin fall from $19,800, seen a 89% decrease in its value.
Such a shame for the one budgeoning coin, many within the Crypto community invested in it for its technological fundamentals and the recent Binance listing. However, the 88% decrease meant many left it as it fell from $2 to 0.25.
Nouvive for the past 1 month has been monitoring NAV where it has been bouncing off the large support hat has been strongly protected by a few in the community.
This suggests to the Senior Trader and Analyst that NAV is on the right direction to at least see the 0.236 fib, last traded during the start of May.
Especially following volume decreasing, well below the 90D Moving Average, illustrating that if a position is entered, this would spark a double-digit pop.
Enter buy 50%: 0.0000445
Enter buy 50%: 0.0000469
Take Profit 100%: 0.0001543
Stop Loss: 0.0000405
Time Line: 1 Month
Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.
Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.