Naka is consolidating with VERY narrow price action on a rising RSI. Volume is decent and the token is dipping into that large demand level but sitting on top. The dashed greens were areas of historical resistance, Naka heavily rejected the second one. We are looking at another test of this 2.2$ ish region towards the green fib. There is not much price action...
Price action of $NAKA on the 4h timeframe - Key levels of support and resistance plus potential price targets.
$2 Target price hit... Where to go from here..of course $Naka is gonne keep knocking those lines but be wary of the pullbacks and for better price entry. Just be patient if you missed the last Pull back
Naka hit both of my short term targets after brief consolidation. RSI and volume are on a slow freefall yet price is rising. This means there are less sellers than buyers however we could be preparing bearish divergence which I don't like to use on the 4-hour chart. I added a new local demand for supportive context. My next target is a two week candle body...
Naka has blasted through my first two price targets. All 4 EMAs are coiled upward now and the RSI has broken the consolidation downtrend. The current price action sits directly on a fib extension and the next fib is just below 1.9$. The best course for this gaming token would be to consolidate touching the newly updated demand or to hover over the first dashed...
This daily view of the NAKA breakout is pretty bullish imo. The RSI is looking to break trend, the teal support remains and the red resistance is confirmed broken. The token bounced off the 20 EMA pretty hard. The token just needs to break this horizontal channel that I drew with the blue lines. Wicks are flying above this range but the candle bodies are resolving...
I think It's time for Naka to move again - next wave is coming. I think a close above previous highs, at 1.39 or so, could be a good entry. I think a close above 1.39 could give Naka a push, and from there you could probably ride Naka to 2.20. You can play this on lower time frame (1h/4h) and adjust your stop loss according to that, 2.20 target isn't...
Naka managed to stick above the previous demand level and consolidate within a narrow range. The trend is broken on the 4 hour with the gaming hype. I updated the demand as support, the trend line will function as support as well if this retests. The move looks too strong to do so though and is also almost confirmed on the daily. I think we see 1.56 soon, with...
I've sold mine at 250% profit because I had bought so few that it was worth to try to sell the local top to rebuy more. Unfortunately weekly looks like it could push upward a bit more unless daily closes in a ugly way... so not happy of what I see😠 (but good if you're still holding or don't wanna buy). Daily: as I said I'm rooting for a good correction which...
NAKA is looking to be preparing for its next leg, the token had a reasonable cool off period, the RSI is breaking trend and multiple tests of the 11EMA have occurred. My short term target remains 1.56$, I think we likely bounce off this demand (green box) and then continue uptrend in coming days.
Expecting some healthy retracement on $Naka. Fibs aren't mostly accurate but it helps outline the the probable areas of strong support and resistance where EP and TP are earmarked by traders At the end, follow CRYPTOCAP:BTC & mcap price movement
Naka is losing steam and breaks to the downside of the wedge I was following. We are right at the .5 Fib here so should have some decent support, although the token almost fell right through demand. I think we consolidate here or move to ~1.10$
i think i found a gem. the website is super cool and the engagement of community manager is so attentive with developments hope this can be a 1bn valuation
NAKA should cool off here for a brief reset and consolidation, it might dip into the local demand which was hard to draw because of that red candle's wicks being so large. I settled with the adjacent green candles body as an average between the two. I am still net long but hoping for a pullback before resumption. 1.9$ soonish
This was an easy one.. all it needed was patient & time
NAKA is a gaming play I have been eyeing, the RSI is heating up alongside many gaming tokens. A prior selling point from inception is where the most recent wick tapped the blue line. The token is riding the 20SMA and forming an ascending triangle. Downside is about 1/3 upside if you use the bottom of the local demand as a stop loss. That might be a bit much but...
Nakamoto games / NAKAUSD on the 3-hour timeframe forming an ascending triangle pattern. NAKA is already in an uptrend so a breakout is more likely to the upside. A close above $0.95 will confirm the breakout. Target based on vertical triangle distance is around $1.02 or 8.5%.
Remember when we talked about $Naka hitting .87c... well ,we finally made it! The next leg up for Naka is also an easy fix.. If you remember NYSE:AXS in 2021,you wont be fading on $Naka right now.. And yes i sold and took profit..Waiting to buy back