ridethepig | NMR Spot Commentary 2019.12.19
Updated
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.
For the technical flows, we remain in the same range with the same break above 67866 in play. We got the official cascade of stops which will be enough to trigger the momentum leg opening a target of the 61.8% and 76.4% retracements at 163923 and 195293 respectively. Reassessment from a technical perspective is only necessary below 31141.
Good luck all those buying NMR and BTC for Christmas.
For the technical flows, we remain in the same range with the same break above 67866 in play. We got the official cascade of stops which will be enough to trigger the momentum leg opening a target of the 61.8% and 76.4% retracements at 163923 and 195293 respectively. Reassessment from a technical perspective is only necessary below 31141.
Good luck all those buying NMR and BTC for Christmas.
Trade closed: target reached
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