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NMR

NMR/BTC (Test Swing Low Support?)💎Technical Analysis Summary💎 BINANCE: NMRBTC -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 development `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
4
NMR.X, price exceeded its 50-day Moving Average on Sep. 13, 2020This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 32 similar cases, and 32 were successful. Based on this data, the odds of success are 90%. Current price $35.61 is above $29.17 the highest resistance line found by Tickeron's A.I. Throughout the month of 08/23/20 - 09/14/20, the price experienced a -19% Downtrend. During the week of 09/09/20 - 09/14/20, the crypto fell -3%. Bearish Trend Analysis The 10-day RSI Indicator for NMR.X moved out of overbought territory on August 18, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In 17 of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%. The Momentum Indicator moved below the 0 level on September 05, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on NMR.X as a result. In 68 of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%. The Moving Average Convergence Divergence Histogram (MACD) for NMR.X turned negative on September 01, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In 27 of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at 71%. Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron’s A.I. shows that BITTREX:NMRUSD in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%. NMR.X broke above its upper Bollinger Band on August 28, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
NShort
by AlTorress
1
Coinbase Effect: Numeraire (NMR) Jumps 130% On ListingCoinbase Effect: The Altcoin Numeraire (NMR) Jumps 130% On Listing News It appears that the Coinbase Effect is in full swing. An hour ago, the leading cryptocurrency exchange announced that it will be listing a new coin on its professional trading platform, Coinbase Pro. The cryptocurrency it listed is Numeraire (NMR), a popular altcoin project from 2017, and it has surged over 100% since the announcement: “On Monday, August 17, transfer NMR into your Coinbase Pro account ahead of trading. Support for NMR will be available in all Coinbase’s supported jurisdictions, About Numeraire 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. Successful predictions are rewarded with more NMR.
COINBASE:NMRUSDLong
by MavRich_Trading
ridethepig | NMR Market Commentary 2020.08.08📌 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: The impatient will commit the strategic error of taking profit and underestimating the importance of 🔑 support at 140k/150k sats and with Erasure (decentalised data markets) the correct course for the game it is a good example of a crypto application that could not have existed a few years ago. BTC breaking on the log chart is a game changer and will trigger the widespread inflows across the Crypto board. Buyers confirming the breakup deserve victory.
Long
by ridethepig
2
NMR - Good upside potentialOne 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 scientists and predicting stock market outcomes. As they claim, the hedge fund is operated by an AI, which is fueled by a network of thousands of anonymous data scientists. Taking all these facts into account as well as the gaining strength low cap alts I think about more upside. Buying at monthly resistance isn't such a good idea (and it's strong resistance as you can see on the chart), so I'll definitely wait for a retest of 0.0035 BTC level to buy some. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
by Bitduke
1
ridethepig | NMR Spot Commentary 2019.12.19A 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.
Long
by ridethepig
Numeraire BooM! (+146% Today / 400%+ Month)Numeraire (NMRBTC) also went big today and produced over 145% of gains... This altcoin pair is still aiming higher. Let's take a look at the weekly chart: A new uptrend has been established. Trading volume is high (really high compared to average) but still low compared to Oct. 2018, there is room for additional growth. The MACD shows lots of room available for growth. Very strong RSI. Additional targets can be found in the chart above, over 330% potential profits from current prices to our top target. This is not financial advice. Remember to always have a plan/strategy before you decide to trade. Thanks a lot for your support. Namaste.
by AlanSantana
2
ridethepig | NMR Spot Commentary 2019.01.18A short update here essentially with one intention to shed some light over the pending impulsive wave for Numeraire. Bulls wish to occupy the retrace, a swing in order to deliver; but if he tries to crack resistance at 99.000 bears have time to prevent him doing so. So the correct move here is loading on the retrace into our loading zone, leading sellers into betting on momentum against support, because as usual most retail go overboard when they attempt a recapture. I am going to protect the support here and lend aid to buyers; the key point here is that buyers are strong here in one area, a simple retest is enough to provoke the impulsive swing, because our opponent cannot sense an invasion. At the very least, sellers will be forced into covering as we trip the highs. Good luck all those in Numeraire for the coming months, and, as usual thanks so much for keeping your support coming with likes, comments charts and etc !!
Long
by ridethepig
3
#NMRBTC Numerai consolidating for another next move highershowing bullish price action on declining volume, evidence of healthy consolidation for a move higher. Compare the two consolidation phases' volume/price profiles, which supports the anticipated direction. R/R decent near 3:1 if you need to use hard stops. NMR has been hanging around $5 for a while now, so a doubling to close to $10 would be the near-term swing high if there's follow through past resistance shown. Holding a core position but would look to take some profits at the levels shown, since NMR typically goes through longer depreciation cycles.
Long
by JustChartThings