Weirdo ancient AI coin NMR may revisit its ATH after allTwo possible scenarios from here: either it reaches its long term trendline from many years ago and rejects from it again to reaccumulate or breakout or it flips it and carries onwards towards its ATH.
Lesson learned? Don't launch a coin if your last name is literally Crab. Your coin will keep crabbing....
Happy trading
NMRUSD trade ideas
Analyzing NMR Bullish Symmetrical Pattern: Breakout ForecastThe NMRUSD pair holds strong support at $11.80, presenting significant potential for a bullish move. If this support level holds, we can expect a notable gain. However, if this support breaks, the next strong support is at $10.66, where a bounce is anticipated due to the proximity of a bull run and the nearing approval of the ETH ETF. We can expect market bullishness in Q4 2024, accompanied by high volatility and substantial rises typical of bull runs.
Anticipated Bull Run Targets:
Based on historical data and calculations, NMRUSD's minimum target during the bull run is projected at $360. If it can flip the $360 resistance by February 2025, we might see a maximum target of $1000. NMRUSD, listed in 2017, has formed a symmetrical triangle pattern expected to break out during the 2025 bull run. Historically, prices have shown unexpected pumps during bull markets, and similar volatility is expected this time.
Strategic Long Position Management:
Considering the resistance zones and the potential pattern breakout, it is crucial to maintain active trades while monitoring these levels. Plan to exit long positions around March or November 2025, as the bull run is likely to end during this period.
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Numeraire is still impressiveThe downtrending line in the graph ends exactly with the value of numerai today, 20,04. While I was making the chart and writing about it, it crossed the fibonacci line and raised higher. We can see a clear upline trend in the last months. That one ends at 27.00 That is around 30% higher and would be a great gain. Followng the uptrend, this can happen in a couple of weeks or 2-3 months. From there there are more directions possible. One of them is a huge gain till its ATH of 168 usd.
Since it is not new idea anymore, for it is already running 8 years, it is fair to say some investors might be wondering what is the real success of this first ever blockchain based AI trading bot?
South African Richard Craib, former hedge funds trader, and the main initiator of this project, has set the goal that this hedgefunds is going to be the biggest in the world. What? He wants to surpass Blackrock? That is some goal. Maybe we should buy some NMR tokens, just to take a chance that he succeeds. Latest figures show numerai is performing a few percents better than S&P, each year. Becoming the biggest hedgefunds will take hundreds of years at this speed. Becoming big and relevant is a more likely outcome, which is still impressive for the first AI hedgefunds.
Numerai NMR Potential Nvidia in CryptoNumerai is an innovative hedge fund aggregator that provides a great way for financial advisors and data scientists to earn extra profits based on their prediction models uploaded to the system. Since the launch of Numerai’s hedge fund in 2019, it has provided investors with a +29% return, outperforming every index and benchmark. With Tournament and Signals, anyone can trade equities in real-life markets via Numerai’s software. Numerai creates a global hedge fund driven by the NMR cryptocurrency and the joint capital of network participants who can trade equities and earn with correct prediction models within a decentralized economy based on AI, cryptography, machine learning, and data science.
The fractal repeats, I wait for the upper line of the channel to update, after that, if it breaks, I expect the movement to continue
Best Regards EXCAVO
Numeraire: What Goes Up...NMR just had an insider demand pump. 1.618% retracement is expected, since this seems to be the pattern with this particular asset. I don't buy pumps; but I would definitely sell the dump in this case. In terms of shorts, it's easy money -- about 30%. Keep it on the forensic TF (15-30 min) just in case.
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Numeraire (NMR) - Bullish divergenceOn 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 resistance level. A strong move from this level should be expected, look left.
Is it possible price action falls further? For sure.
Is it probable? 5% to be technical.
Good luck!
Ww
Type: trade
Risk: <6% of portfolio
Duration: 1 - 3 months
Return: 5-10x
1-day NMR/BTC
3-day line chart
NMRUSD a crypto sleeping giant?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 machine learning industry and can tell you this is game changing technology when applied to charts. Don't worry, I am a hand trader and NOT a bot. But I digress...
Why go long?
On balance volume increasing despite falling price action.
Signs of price suppression with large downward wicks with no affect on On Balance Volume
Cup and handle formation
NMR BUYMay 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 you in total.
NMRUSD - Looking for Longs!
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 zoneNumeraire 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 = $27
S2 = $25
S3 = $23
breakdown = $21
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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NMRUSD Bearish IdeaUsing 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