Get started

NMR

$NMR broke out.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 in cryptos. I actually focus on logarithmic scales and would expect that this breakout should lead to a price target of mid-triple digits. Needless to mention that price action is always subject to change hence we keep an eye on the HTF indicators.
NLong
by Birdseye88
6
$NMR is a matter of patience.This year I have seen so many cryptos blow up. And it's really hard to figure out when to sell. The reality is that I'll never get it completely right, but I do take 50% off the table once I see an opportunity to do so. I then scout the market for cryptos that have not yet seen those amazing returns. Once I see altcoins that have consolidated and are gradually turning bullish and ideally, they have a nice traditional charting pattern, I invest & wait. Such charting patterns could be inverse head & shoulders, cup & handle or long-term breakout & backtest. A nice example of a bullish cup & handle setup is Numeraire, where we are very close to the old highs. Once this breaks out, we can see great returns. It could take some time and you may therefore want to wait for a breakout.
NLong
by Birdseye88
1
Numeraire formed a cup and handle patternHello traders, We are looking at the 1 day graph of numeraire. As we can see, a cup and handle pattern has formed. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. We could see a spike up in the next coming days. Numerai (company) and the Numeraire token are unique in terms of the idea behind their creation. According to coinmarketcap, this is reportedly the first cryptocurrency to be created and released by a hedge fund. Furthermore, one of the main benefits of the NMR token is that it is awarded to data scientists whose models perform well in the Numerai tournament (Numerai has created one of the largest global data science tournaments). This means that the token becomes more valuable as more people enter the tournament and start competing. This is not financial advice, I am not an financial advisor. Thanks.
NLong
by Aroundthesun
what's Numerai ? NMR/USDT analysisWhat is 🌟 NMR coin🌟? 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.actualy Numerai is a new kind of hedge fund built by a network of data scientists. Numeraire is the product of the hedge fund company Numerai, started by CEO Richard Craib in late 2015. The cryptocurrency was launched about a year after the hedge fund, to overcome the challenges the project faced operating on the Bitcoin network. its Advisors include Coinbase co-founder Fred Ehrsam, Polychain capital founder Olaf Carlson-Wee and Ash Fontana, a board member at Kaggie, among several others listed on the its website. ❇️What are the advantages of NUMERAIRE? 1.Numerai holds a competition every week where scientists get access to updated data, and use it to create their financial models. They then upload it on the platform. The models are then tested in real-world markets for three weeks, after which the scientists with the top 100 performing models are rewarded with Bitcoins for their efforts. The scientists are expected to stake a number of Numeraire tokens (NMR) on their models to prevent tampering. The scientists with the successful models get back their NMR tokens as well as an additional Bitcoin payout. The Numeraire tokens staked on losing models are burned (i.e., the scientists who lose the competition also lose their NMR tokens). ❇️What makes NUMERAIRE different from other cryptocurrencies? 👉1.Numeraire is the world’s first (and only) cryptocurrency started by a hedge fund. An incentive for scientists as well as a means of preventing tampering with the models, the Numeraire coin serves a dual purpose with the platform. 👉2.The innovation behind the Numerai platform in using all the new tech to its advantage, including Machine Learning, Artificial Intelligence, Data Science as well as the blockchain, is something to be admired. The platform manages to get the best possible predictions of market trends by rewarding anonymous scientists for the best models, benefiting the company as well as the scientists themselves. -------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the weekly timeframe logarithmic chart , The current price roam about 40$, The price of NMR has been advancing in this ascending channel for 2 years and it has built floors and ceilings according to the picture. You can see two important levels in the picture, the green load in the area and the green box marked, both of which act as support. However, if the first support is broken (which is unlikely due to the rising market conditions) to the bottom of the channel It moves and if it breaks, it will even fall to the next support, but in another scenario, which is more likely, it moves towards the roof of the channel , and according to the ascending cup pattern it has made,it will probably succeed in breaking the channel and can climb to the red box targets of $ 300 or even $ 600. Anyway, my constant suggestion to my dear community is to buy step by step , With proper capital and risk management and keep the stop-loss because everything in the market is based on probabilities and there is no certainty. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades
HITBTC:NMRUSDLong
by PRO_SMART_Trader
This is only an ideaI'm only looking at the trends and seeing a pattern. This pattern puts XTZ at 8.00$. In 2019 before xtz first mooned, there was a period of consolidation followed by a significant gradual increase. After the increase was a small dip right before it took off and increased 145%! we are currently in the middle of the small dip right before the moon. This is definitely a crypto traders dream and should not be taken seriously. (but whose to stop you from putting in a few tendies just in case ;) good luck
COINBASE:XTZUSD
by The_Yeager
37
✳️Numeraire/USDT Analysis (11/1) #NMR $NMRNMR 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 $20 zone 📈BUY -Buy: 28.5-30$ if A. SL if B 📉SELL -Sell: 34-36$. SL if A -Sell: 44-46$. SL if A -Sell: 65-68$. SL if A ♻️BACK-UP -Sell: 28.5-30$ if B. SL if A -Buy: 19-20$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation
1