What is NMR?
First of all, what is 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. Essentially a hedge fund run by AI. I work in the...
May my new venture be fruitful.
All the best to you, no matter what you do.
A must is to have patience.
My trade needs my care. Some seeds don't grow as big as expected; some died and some grew big and fruitful.
I just keep planting.
Don't be despair on one seed.
NB: Your methodology can be different than mine. Your view can be in minutes to yearly. I respect...
On the above 1-day chart price action has corrected almost 90% from $90 since May 2021. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal has printed.
2) RSI resistance breakout.
3) Points 1 and 2 are also true for the BTC pair (below).
4) On the 3-day line chart (below) price action is now testing a significant support and...
Since Breakout I had it setup to this current range in my gann box. I started watching this around 10.53 and had 17 as my top range take profits and has surpassed expectancy so I created the channels of focus.
Fantastic work, Numeraire; now it's time for Longs; keep an eye on smaller timeframe candles for timing and subsequent entry (s).
The price is at 29.87, and it is expected to fall a little further before the up-leg resumes.
Always do your own DD!
Analysis suggests possibility for new Bullish leg to start within a few days, so will start looking for Longs in the shaded area - invariably this area will also be the beginning of the Buy Grid should a deeper retrace come in play with Stop-loss below the bottom of the Grid as on Chart.
Always do your own DD!
Numeraire is at an ultimate support zone. Trading in between its Fibonacci SMA610 and Fibonacci SMA987. If you're a crypto HODLR this is a level to add some dca . Here's levels on the 1-day chart:
52 week high = $96
52 week low = $19
7 day high = $36
7 day low = $26
SMA377 = $42
SMA610 = $37
SMA987 = $27
breakout = $37
R3 = $35
R2 = $33
R1 = $31
pivot = $29
Using Fibonacci Circles , identifying areas of support and resistance comes with ease
The inside circle shows two points of rejection, from this I infer that two points of rejection will appear on the outer circle also
Price is currently sitting right at the inner edge of the circle, ready to drop down
If it does, it will also be a fall that encompasses this idea below
#NMR maybe worth it to add this coin to your Watchlist. 👀
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Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is...
NMRUSD is forming a bullish flag and as long as the lower trendline holds, there could be a potential breakout on the upside. One of the cryptos which held its ground despite most major and minor cryptos falling more than 10%.