Numeraire (NMR) - Bullish divergence

On the above 1-day chart price action has corrected almost 90% from $90 since May 2021. A number of reasons now exist to be long, including:

1) The ‘incredible buy’ signal has printed.

2) RSI resistance breakout.

3) Points 1 and 2 are also true for the BTC pair (below).

4) On the 3-day line chart (below) price action is now testing a significant support and resistance level. A strong move from this level should be expected, look left.

Is it possible price action falls further? For sure.

Is it probable? 5% to be technical.

Good luck!

Ww

Type: trade
Risk: <6% of portfolio
Duration: 1 - 3 months
Return: 5-10x


1-day NMR/BTC

3-day line chart

Trade active

Trade active:

Comment:

200% gain almost on the BTC pair since the buy signal.

If you're using po3, look for a swing trade opportunity in the days ahead.

Comment:

Look at the daily chart above in the last update...

now look at the daily chart below for TRU.