Potential Bullish opportunity
A good contender for some Bullish action very near term! Please always do your own DD!!!
Lower timeframe for Entry to follow as update.
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
S1...
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%.
As we find our support after this breakout, look for the buy signals
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NMRUSD on Coinbase just broke its previous high since its listing. It has been a massive under-performer, but usually has had massive spikes. I can't see how some coins on Coinbase will not pump a lot at all. Currently it is essentially at a 2x from its bottom vs BTC and could easily do another 2x from here. It has a quite special chart both vs USD & BTC and when...
Would be good if it breaks into green ellipse, but even if it keeps testing the bottom, things are looking up. If it falls into the red, I may add to my position.
** This is all very experimental at the moment. I feel like the ellipses don’t have as much predictive power about direction, but seem to do a better job than trend lines at defining boundaries. Still...
As per my previous update, $NMR has broken out and it is now a matter of time before we start seeing triple digit prices. While traditional cup & handle scenarios lead us to calculate price targets by adding up the resistance line and the difference between the resistance line and the bottom of the cup, I am sure such methods lead us to very conservative targets...
![NMRUSD: NMRUSD - Numeraire [Potential Bullish opportunity]](https://s3.tradingview.com/r/rV0TDspP_mid.png "NMRUSD - Numeraire [Potential Bullish opportunity]")
