One 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...
A 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. ...
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...
A 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...
NMR/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...
showing 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...
Of 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):
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...
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...
NMR is on the very strong trend line! Here might be one good buy opportunity! Good Luck! Trade cautiously!
NMR breaking out of a descending triangle with convincing volume. I will be looking closely at the retest of the ~25k satoshis level for a long. Expecting to reach the red box, placing sells along the way.
Watch the volume for confirmation.
*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:...
Clearly accumulating before breaking out...
Numeraire looks like its bottomed out. Time for an uptrend with huge potential. Let's go!
Just keep wondering if its ready? This just look super high reward with low risk, Buying some and not looking back ! Haha
Watching this megaphone develop as it intersects with the long downtrend resistance. I think we go back to the trend support one more time before testing the downtrend resistance for the last time. If that breaks, it's clear space up to previous major S/R at ~770K sats, which would give us a nice 2.5X from current price. If we break through that level, it's off to...