NAKAUSDT trade ideas
BUY NAKAUSDT 🟢🚀 Premium Crypto Signal Alert! 📈
🔔 Signal: BUY NAKAUSDT
📈 Technical Analysis:
The NAKAUSDT pair is flashing a strong BUY signal, supported by a rebound from the 61.80% Fibonacci retracement level and a breakout of the bullish flag pattern. This combination indicates a robust bullish sentiment in the market.
📊 Trade Details:
Entry Point: Current market level "≈1.80"
Target 1: $2.20
Target 2: $3.00
📈 Trade Analysis:
The bounce from the 61.80% Fibonacci level and the breakout of the bullish flag pattern suggest a significant upward momentum for NAKAUSDT. The successful reflection from this key Fibonacci level enhances the potential for a sustained uptrend. Targets of $2.20 and $3.00 present lucrative profit opportunities as the bullish momentum continues.
💡 Risk Management:
Only use 5%-10% of your capital for this trade to mitigate risks.
Avoid going ALL IN on trades, even if you're confident they will succeed.
Do not invest your full capital; it's important to diversify and manage risk exposure.
Consider setting a stop-loss at an appropriate level to protect your investment by regularly monitoring and adjusting levels as needed.
Successful trading requires patience. Allow the trade to develop and avoid impulsive decisions.
🔄 Additional Buy Zone:
Be prepared to identify and utilize another buy zone if market conditions require it. Flexibility is key in adapting to changing trends.
⚠️ Spot Trading vs. Futures:
Spot trading is a safer and more controlled approach, allowing for better risk management compared to the higher volatility and speculative nature of futures trading.
Exercise caution and consider the potential risks associated with leveraged instruments.
🚨 Disclaimer:
Trading involves risks, and past performance does not guarantee future results. Exercise caution and conduct your research before making any financial decisions.
Naka contraction into uptrendNaka is consolidating with VERY narrow price action on a rising RSI. Volume is decent and the token is dipping into that large demand level but sitting on top. The dashed greens were areas of historical resistance, Naka heavily rejected the second one. We are looking at another test of this 2.2$ ish region towards the green fib. There is not much price action after that until the golden .5 fib. Off to the races in my opinion, maybe this weekend.
$NAKA (4H)Price action of $NAKA on the 4h timeframe - Key levels of support and resistance plus potential price targets.
$NAKA- Only A Matter Of Time$2 Target price hit...
Where to go from here..of course $Naka is gonne keep knocking those lines but be wary of the pullbacks and for better price entry.
Just be patient if you missed the last Pull back
Naka hit both targets Naka hit both of my short term targets after brief consolidation. RSI and volume are on a slow freefall yet price is rising. This means there are less sellers than buyers however we could be preparing bearish divergence which I don't like to use on the 4-hour chart. I added a new local demand for supportive context. My next target is a two week candle body resistance from Dec. 2021. Just above that is the .382 fib (weekly) which will be a key area for long term momentum. We either start bouncing on the demand or the lower dashed line price target, best case. Regardless I am still spot long.
Naka to 1.9$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$. The best course for this gaming token would be to consolidate touching the newly updated demand or to hover over the first dashed green. The hype wave could bring the token right to 1.9 with no stoppage. I hope we don't blow off top too early since BTC has been sideways and we really are just getting started with our potential bull run.
Naka continues to target on dailyThis daily view of the NAKA breakout is pretty bullish imo. The RSI is looking to break trend, the teal support remains and the red resistance is confirmed broken. The token bounced off the 20 EMA pretty hard. The token just needs to break this horizontal channel that I drew with the blue lines. Wicks are flying above this range but the candle bodies are resolving below. If the RSI truly is reversing I think we break here to dashed green 1.56$ price target which was my initial target. The demand box I drew offers some local context.
Nakamoto Games (Naka) longI 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 necessarily. The idea here is that we see upwards acceleration from 1.39.
Naka broke the trend after consolidating 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 1.47 as a likely fallback zone for a retrace.
NAKA might still push a bit before correctionI'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 means I'm rooting for an ugly daily close but being honest this looks like consolidation before another push up.
Anyway past weekly close is clear, even if we get another green candle next week candle it's very likely that will be red.
NAKA reversal after breatherNAKA 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.
Inserting Some Fibs for $NakaExpecting some healthy retracement on $Naka.
Fibs aren't mostly accurate but it helps outline the the probable areas of strong support and resistance where EP and TP are earmarked by traders
At the end, follow CRYPTOCAP:BTC & mcap price movement
Naka denies wedgeNaka is losing steam and breaks to the downside of the wedge I was following. We are right at the .5 Fib here so should have some decent support, although the token almost fell right through demand. I think we consolidate here or move to ~1.10$
NAKAMOTO GAMES $0.08 is this the next GALAi think i found a gem. the website is super cool
and the engagement of community manager is so attentive with developments
hope this can be a 1bn valuation
Naka looking to cool off NAKA should cool off here for a brief reset and consolidation, it might dip into the local demand which was hard to draw because of that red candle's wicks being so large. I settled with the adjacent green candles body as an average between the two. I am still net long but hoping for a pullback before resumption. 1.9$ soonish
Naka approaches a weekly gapNAKA 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 these types of plays are hard long or just dca.
Ascending Triangle Pattern On NAKAUSDNakamoto 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%.
Moving Up The TP For $NakaRemember 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
NAKA long - incredible strongStill looking for long/add on NAKA opportunities.
The way NAKA moves, the constant flow of good development news, the low market cap, makes me so bullish. I really try hard to remove all noice and think clear and just look at the chart.... but I can't be anything other than super bullish on NAKA.
I think we are lucky if NAKA dip to 0.62 - It could be a really good entry for a potential 40% trade.
NAKA has been in a clear uptrend sense January 2023, think about that! We are getting closer to a real bull market.
NAKAUSDT Daily Bullish Flag On SupportNAKAUSDT previously posted the same chart on a higher timeframe, but I think the daily looks a lot clearer. Should see a breakout of this flag soon.
NAKAUSDT Bullish Flag On Support LevelNAKAUSDT Bullish flag pattern sitting on top of horizontal level of support. Also, note the trendline support level. Expecting a breakout.
