NMR is having a strong resistance at $30 zone, as long as NMR conquers this area, it can rise strongly to 35$, 45$ and even 65$ by the end of this January.
If the next time, NMR approaches $30 zone and is rejected, it will fall to $20 zone
-Buy: 28.5-30$ if A. SL if B
-Sell: 34-36$. SL if A
-Sell: 44-46$. SL if A
-Sell: 65-68$. SL if...
#NMRUSDT Technical Analysis Update
Waiting for the Trend line Breakout
NMR/USDT currently trading at $23.00
LONG ENTRY: Above $25.75 (Only enter long if day candle closes above $25.75)
STOP LOSS: I will update once I see the breakout
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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NMR / BTC
Gaint falling wedge breakout spotted
If this pattern successed the potential gain is huge
=> Support in (green color ) should hold to remain bullish
Chart in bigger more clear picture :
Please take care and use stoploss
this is just reading chart not signal
Good luck and happy trading 🌹
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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💎Technical Analysis Summary💎
-NMR broke the local support at the 2800s sat
-It is now facing selling pressure from the Bears
-The most likely scenario is a retest of the recent swing low at the 2500s sat
-If the Bulls can hold that area, we might expect an upside correction
-For now, let's wait for further market...
-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...
Coinbase 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...
"Just For Educational Purposes"
NMRUSD Possible future trends:
NMRUSD has a Bullish wedge. If successfully manage to make the bullish movement, the Heaviest resistance ahead is Fibo-1. If it also manages to pass through this resistance line then it can go as high as the next possible resistant points: Fib- 1.61 and 2.61 and higher.
📌 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:
I 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.