BITTREX:NMRUSD Numeraire / US Dollar (calculated by TradingView)
As per my previous update, $NMR has broken out and it is now a matter of time before we start seeing triple digit prices. While traditional scenarios lead us to calculate price targets by adding up the resistance line and the difference between the resistance line and the bottom of the cup, I am sure such methods lead us to very conservative targets in cryptos. I actually focus on logarithmic scales and would expect that this breakout should lead to a price target of mid-triple digits. Needless to mention that price action is always subject to change hence we keep an eye on the HTF indicators.