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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.