Technical Analysis of Nakamoto.Games / USDT Based on the Chart

Technical Analysis of Nakamoto.Games / USDT Based on the Chart

General Trend and Support/Resistance Levels:


The chart shows that Nakamoto.Games has reached a strong support area near the 0.786 Fibonacci level, indicating the possible end of the current correction and the start of a new upward wave.
Main Support at the 0.786 Fibonacci level strengthens the likelihood of a rebound from this level, resuming the upward trend.
Technical Pattern:


The chart displays an Elliott Wave structure, with waves (1) to (4) completed. Expectations point towards the start of the fifth wave.
Price Expectations:


The fifth wave is anticipated to form a rally, potentially reaching new highs if bullish momentum persists.


#NakamotoGames
#Crypto
#TechnicalAnalysis