$NIM is trading inside a descending resistance zone. price dumped suddenly and I didn't find out why in my research!!
if daily candle close below 0.00584, there will be more drop to $0.005 and $0.0045.
but if price hold the support zone and head up to break out from descending resistance, another rally will lead price to $0.0084 , $0.009 and maybe $0.011.
Nimusd is about to complete the bullish flag pattern.
It's pretty risky to go long now as NIM might consider going down to retest the lower band of the flag and I don't like the setup of RSI.
So the best is to wait for a breakout from the flag and go long.
So, we are on the verge of new uptrend for NIMBTC pair. This are 2 scenarios that I'm considering right now:
1. Triple MA and MACD cross on weekly chart will state beginning of huge uptrend
2. No cross on Triple MA and MACD, will lead to further trading corridor or continuation of downtrend.
I'm more bullish right now, as Bitcoin is in correction phase for next...
Buy under diagonal confluence and go for the ride with NIM 2.0, NIMBTC 2W chart supporting of this moon.
There's no Ripple foundation of NIM selling all of the supply on you and the pumps are the effect. Ripple had to pay millions to get listed on exchanges to sell their bags from 100% ownership and that's just wrong.
Any NIM you buy on the market has been mined...
Nimiq to BTC bullish OBV setup, in buy setup of buy/sell confluence trend as well as diagonal buy/sell confluence trend on price.
Bitcoin is also very bullish vs USD so this is great for the price of NIMUSD.
There are other reasons such as hype for Nimiq 2.0 release that this coin is a great buy right here!
Long NIMUSDT off horizontal confluence support, shoot for the moon and land amongst the stars.
Some Fundamental Analysis:
The supply emission of NIM is about to drop by 7 times/ NIM will be 7 times as scarce.
Your equity of NIM will scale in 2.0 if you help validate transactions.
Team Nimiq will buy NIM with the profits from OASIS for the first 24 months at...
Apparently pictures and charts don't speak 1000 words, last time I uploaded this chart it was set as "Not Suggested"
Buy the dip of NIMBTC below the bottom of Buy/Sell diagonal confluence trend.
Sell the NIM above the top line of diagonal confluences, or don't, your choices today affect your future.
Never Heard of Nimiq? They're an up and coming competitor to ...
This for educational purposes. Not intented for investment advice. Using Stage Analysis to study a potential breakout. I did this for my son who is a cryptocurrency miner and has been mining Nimiq.
This is for long position analysis of entry for the investor (not the trader). I will follow up with a trading educational video on shorter time frame.
NIM is in a...
After Nimiq's great run a couple months back it has been cooling off and steady down ward path. It now has started a slow and steady up trend. The RSI
is also confirms the action. The one thing we need to see now is a substantial amount of volume to show people bought it.