💎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...
NRM 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.
This post does not provide financial advice. It is for educational purposes only!
NMRBTC left the multi-year channel, breaking through resistance and doubling in price for a day. I think it still have a wide room for growth because of good fundamentals, bullish crypto market and strong momentum.
I'd prefer to buy near $0.004 with target at 0.008.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational...
Looking at a coin ike this one, we know we are somehow living interesting times.
It just had a 190% increase and its price is holding up there, I think it is worth a bit of our attention.
What is going on here? Rank 87
What is this coin all about?
If, and only IF.
Please be careful, I am not qualified to provide Advice in any way, shape or form.
May be I am writing because I am concerned here looking how humongous, massive amounts of money are moving in the wildest of ways, when the world economy is going unbalanced.
If you don't know what you are doing.
Please put aside your emotions and seek advise...
📌 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:
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...