NMRUSD trade ideas
NMR USD will it bounce 70%+ again ? ICH RSI CCINMR likes to bounce and when it does it is usually 70%-88%
historic levels bounce from this low solid resistance
will it bounce again ?
Bullish Flag in NMRUSDNMRUSD 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%.
NMR looking sexyWill it break down or will it push past ~96 resistance on its way to 100 and beyond?
NMR breakout!As we find our support after this breakout, look for the buy signals
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NMR Breakout??Surely this is set up for a nice little breakout soon. 4hr looking good to me. Should I be concerned about loading a bag ready for a flight?
Numeraire is showing a lot of strenght. Potential easy 2x ahead!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 it got listed on Coinbase it also got listed on Binance and a few days later on OKex. Prior to that it was only listed on smaller exchanges. The fact that it has performed so well amidst the market carnage is also a great sign that something big might come.
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Some interesting levels to watch for NMRWould 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 learning, but it is pretty delightful to see candle wicks exactly bounce off an ellipse you drew over a day ago. Doesn’t always happen, and I still discover that I drew the wrong ellipse or some ellipses I drew need adjustment with new price action, but so far it has been a fun activity.
$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.
NMR going for ATH? Just an idea, based on the chart and trend lines I believe NMR is going to pump up to an ATH within days
NMR: Taking Position Just a little trade set-up I made for myself to snatch quick profit if NMR continues toward the demarcation zone. The zone is conservative for a reason; wait for break-out and possible pull-back (EOS, anyone?). Alts have been acting a bit crazy lately due to BTC's bipolarism so it's crucial to wait for confirmations on these breaks (i.e. volume-to-price divergences, retesting of prior resistance lines, etc.) before taking an entry position on the markup. That said, it's entirely possible to make good, consistent gains this season despite BTC's behavior, as I have been demonstrating. Diversification is key for all these set-ups.
*Not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
**If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative swing trades for you. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based upon Wyckoff phase analysis, Elliott wave theory & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
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NMRUSD numeraire gasping for airNMR has been the king of all laggards this cycle. If you look at the volume distribution, there has been massive accumulation and price suppression since late November. The price is finally gasping for air as it broke and restested downtrend resistance. There are tons of resistance zones between here and ATH. I believe in this project and think eventually these resistance zones will break and allow room for NMR to grow at least to $100, possibly wicking as high as $110 in the next 6 months. Could be sooner, but I'm never great with timing. As always, let's see what happens!
NMR sentiment cycles and fibs.NMR seems to be mimicking 2020 levels which should be an interest show we've seen play out, this is one of of my favorite TA set ups based on sentiment along with daily fibs, if NMR stays on that parabolic channel made by the daily retracement and daily uptrend IF NMR manages to break the current double resistance its been getting rejected on we can hope to see NMR tapping the next double fib at 55$ if that is broken then we can hope for 57$ double fib.
$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.
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.
Many indicators for close to 100% gain We have a possible cup and handle on the 1D chart - need confirmation.
We have a possible (somewhat skewed H & S on the 30min - 1h chart. Looks like retest is in play. Need more confirmation.
If confirmed it looks like Elliot Wave 4 is complete and we will start wave 5. Wave 3 went to 1.618 on the Fibonacci scale and I am predicting Wave 5 to end close to the 2.68 Fib. This intersects with the cup and handle target.
Target is $75-$80 - thinking sometime mid-end of April.
This is not trading advice! LOL
Crypto Market & NMRUSD Technical Analysis & Predictions 3/6/21*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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