Numeraire formed a cup and handle pattern
Hello 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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.