Nakamoto Games NAKA

$0.0896-3.71% 24h

Lines are each pattern's own boundaries (support, resistance or neckline; grey = the pattern's swings), drawn only on the timeframe where it formed.

Minimum target (book measuring rule)Magee stop

Candles: KuCoin.

Chart patterns

2-week symmetrical triangle · 3 testsBroke down · retested 6d ago4H
Ch 8: falling highs and rising lows converging, volume shrinking; the book warns it is the triangle most prone to false moves. Confirmed by a close about 3% below the line ($0.1037). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.0955 (a minimum, not a limit). Magee stop (Ch 27): $0.1295, 5.2% beyond the last minor top.
3-month rounding bottom · 2 testsBroke out 39d ago1W
Ch 7: a slow, gradual bowl as selling fades into buying, volume bowling with it. Confirmed by a close about 3% above the line ($0.0575) on 1.7× normal volume. The book gives no measuring rule for this one. Magee stop (Ch 27): $0.0547, 9.6% beyond the last minor bottom.
2-year head and shoulders top · 2 testsBroke down · retested 347d ago1W
Ch 6: three rallies with the middle one (the head) highest; the neckline joins the two reaction lows and may slope. Confirmed by a close about 3% below the neckline ($0.1340). Price has since come back to the neckline: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.0605 (a minimum, not a limit). Magee stop (Ch 27): $0.5952, 9.3% beyond the last minor top.