NMR.X, price exceeded its 50-day Moving Average on Sep. 13, 2020This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 32 similar cases, and 32 were successful. Based on this data, the odds of success are 90%. Current price $35.61 is above $29.17 the highest resistance line found by Tickeron's A.I. Throughout the month of 08/23/20 - 09/14/20, the price experienced a -19% Downtrend. During the week of 09/09/20 - 09/14/20, the crypto fell -3%.
Bearish Trend Analysis
The 10-day RSI Indicator for NMR.X moved out of overbought territory on August 18, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In 17 of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%.
The Momentum Indicator moved below the 0 level on September 05, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on NMR.X as a result. In 68 of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
The Moving Average Convergence Divergence Histogram (MACD) for NMR.X turned negative on September 01, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In 27 of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron’s A.I. shows that BITTREX:NMRUSD in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
NMR.X broke above its upper Bollinger Band on August 28, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
NMR
NMR/BTC (Ready of Bounce up?)NMR/BTC
-The price is back at the previous resistance zone
-The 50MA dynamic area is catching the price now
-Also, the last Fib level of support which is 0.786
-It is currently trying to break the trendline resistance
-If this will level will hold for the next 1-3 days
-There is a chance of potential bounce up to 6000 sat or higher
-Bearish side, candle body below 4000 sat will invalidate my bias
Numeraire long the retrace after he got listed on coinbaseNRM got a retrace after some distribution. Since I had a little bag since 2017 and know the project, I was astonished when I seen recent progress so I'm happy to buy more for mid term.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Coinbase Effect: Numeraire (NMR) Jumps 130% On ListingCoinbase Effect: The Altcoin Numeraire (NMR) Jumps 130% On Listing News
It appears that the Coinbase Effect is in full swing. An hour ago, the leading cryptocurrency exchange announced that it will be listing a new coin on its professional trading platform, Coinbase Pro. The cryptocurrency it listed is Numeraire (NMR), a popular altcoin project from 2017, and it has surged over 100% since the announcement: “On Monday, August 17, transfer NMR into your Coinbase Pro account ahead of trading. Support for NMR will be available in all Coinbase’s supported jurisdictions,
About Numeraire
Numeraire is an Ethereum token that powers
Numerai,a San Francisco-based hedge fund that
crowdsources artificial intelligence to make
investments in major stock markets around the
world.Numeraire(NMR)holders can stake their
NMR tokens every week on specific predictions.
Successful predictions are rewarded with more
NMR.
ridethepig | NMR Market Commentary 2020.08.08📌 A timely update to the NMR BTC chart after almost completing the retrace.
Although AUM is still under 150m, it only highlights how undervalued NMR is. The number of stakers doubled since Q12020 from 300 to 600 and total stakes are now up to +/- $3.5M. The foundations are strong and in this position we are going to overprotect the support as follows:
The impatient will commit the strategic error of taking profit and underestimating the importance of 🔑 support at 140k/150k sats and with Erasure (decentalised data markets) the correct course for the game it is a good example of a crypto application that could not have existed a few years ago.
BTC breaking on the log chart is a game changer and will trigger the widespread inflows across the Crypto board. Buyers confirming the breakup deserve victory.
NMR Printing ScythesI was recently asked about Numerai
I haven't looked much into it but it looks like a very complex project
I have doubts it will get off the ground but maybe its just my state of mind, always open for another interpretation.
From a TA perspective Scythes are being printed, which result in bullish continuation.
So from a TA perspective it looks quite strong.
This is my own chart pattern. Trying to get it off the ground.
Heres an example of it.
NMR - Good upside potentialOne of low cap alts under the radar, it was mentioned to me on Twitter. As a fan of ML and AI in trading decided to check it and I think it a decent upside potential and good fundamentals (there was no ICO for example + one of the investors is a founder of Renaissance Technologies).
Briefly about Numerai: crowd-sourced hedge fund, gathering data from many data scientists and predicting stock market outcomes. As they claim, the hedge fund is operated by an AI, which is fueled by a network of thousands of anonymous data scientists.
Taking all these facts into account as well as the gaining strength low cap alts I think about more upside.
Buying at monthly resistance isn't such a good idea (and it's strong resistance as you can see on the chart), so I'll definitely wait for a retest of 0.0035 BTC level to buy some.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
ridethepig | NMR Spot Commentary 2019.12.19A good time to review the NMR chart almost a Quarter after ErasureCon... For those who attended you will know it was a major game changer with Numeraire introducing censorship resistant file sharing is here with Erasure (a decentralised data market with an immutable ledger). This is a new chapter for NMR with one of the few Crypto's with an established use case.
For the technical flows, we remain in the same range with the same break above 67866 in play. We got the official cascade of stops which will be enough to trigger the momentum leg opening a target of the 61.8% and 76.4% retracements at 163923 and 195293 respectively. Reassessment from a technical perspective is only necessary below 31141.
Good luck all those buying NMR and BTC for Christmas.
Numeraire BooM! (+146% Today / 400%+ Month)Numeraire (NMRBTC) also went big today and produced over 145% of gains... This altcoin pair is still aiming higher.
Let's take a look at the weekly chart:
A new uptrend has been established.
Trading volume is high (really high compared to average) but still low compared to Oct. 2018, there is room for additional growth.
The MACD shows lots of room available for growth.
Very strong RSI.
Additional targets can be found in the chart above, over 330% potential profits from current prices to our top target.
This is not financial advice.
Remember to always have a plan/strategy before you decide to trade.
Thanks a lot for your support.
Namaste.
ridethepig | NMR Spot Commentary 2019.01.18A short update here essentially with one intention to shed some light over the pending impulsive wave for Numeraire.
Bulls wish to occupy the retrace, a swing in order to deliver; but if he tries to crack resistance at 99.000 bears have time to prevent him doing so. So the correct move here is loading on the retrace into our loading zone, leading sellers into betting on momentum against support, because as usual most retail go overboard when they attempt a recapture.
I am going to protect the support here and lend aid to buyers; the key point here is that buyers are strong here in one area, a simple retest is enough to provoke the impulsive swing, because our opponent cannot sense an invasion. At the very least, sellers will be forced into covering as we trip the highs.
Good luck all those in Numeraire for the coming months, and, as usual thanks so much for keeping your support coming with likes, comments charts and etc !!
NMR/BTC - wait a minuteNMR/BTC making a nice move upwards but seems to be finding resistance at the top of the range. If a daily candle closes above the range then the green box will be active. If the daily candle and/or further daily candles close within the range then expected downside towards the lower green boxes.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
#NMRBTC Numerai consolidating for another next move highershowing bullish price action on declining volume, evidence of healthy consolidation for a move higher. Compare the two consolidation phases' volume/price profiles, which supports the anticipated direction. R/R decent near 3:1 if you need to use hard stops. NMR has been hanging around $5 for a while now, so a doubling to close to $10 would be the near-term swing high if there's follow through past resistance shown. Holding a core position but would look to take some profits at the levels shown, since NMR typically goes through longer depreciation cycles.
#NMRUSD consolidating for a potential cup and handle formationOf course with the USD chart influenced by Bitcoin's performance. However, NMRBTC chart is similar, currently at the typical retracement for a handle (~50% of the height of the cup):
#NMRBTC showing signs of increased interest and, inevitably, strength. Numerai has been doing a great job of ignoring high emotional content and focusing on its roots as a cryptocurrency. Their marketing is significantly lower than most other coins with an already established usage case. However, the potential bottoming shown in the chart is simply a reflection of the general discount in price as reflected in the low public exposure of the coin.
Didn't post the chart when I entered my long trades, which I apologize for and may make this analysis seem outdated. However, based on the combination of technicals and fundamentals, I am still long NMRBTC and see this coin as one of the solid allocations in my portfolio, even when swing-trading around it. One of the underappreciated coins in a sea of crap, especially considering the direct usage of the coin in a staking model of algorithmic model performance.
Numerai Might Outperform Bitcoin by 55%Yesterday Numerai has tested the low, hitting 81k satoshis. At the same time it found the support at 327.2% Fibonacci, applied to the corrective wave up after the uptrend trendline breakout.
The support is at 85.6k satoshis, and althogh price spiked lower, closing price stayed above that level, suggesting the potential bottom. Although it might seem very risky to consider bying NMR/BTC, the risk/reward ration is very attractive.
If the 81k satoshis support holds, price is likely to encrease towards the 38.2% Fibs, that is 140k satoshis. this level previously acted as the support as well as resistance, which once again could play the same role. When/if the resistance would be reached, NMR would gain 55% over the bitcoin, while if the 81k satoshis is broken, this would be only a 11% loss.
Break below 81k satoshis, would certainly invalidate bullish outlook and is likely to result in a downtrend continuation.
NMR Buy Opportunity*Note this coin may be a little risky due to the very small community it currently has*
This coin is coming up from a bottom and we can catch some profits with it. This coin may pull down a little more to bottom of buy-in
range before heading up but longer term we should expect to see profits. We will see what BTC does today, as it can sway the market.
Buy-in:
.0025 - .003
Stop-loss:
.002
Targets:
(1) .003700 (25%)
(2) .004511 (52%)
(3) .005373 (82%)
(4) .006234 (111%)
Remember not all targets are meant always meant to be hit. Set sell limits and take profits when it is right for you.
Sell limits can be crucial with a coin like this that may spike to our target and fall allowing us to take profits or buy more for next target push.






















