Nimiq
NIMIQ struggle to break out#NIMUSDT
$NIM is trading inside a descending resistance zone. price dumped suddenly and I didn't find out why in my research!!
if daily candle close below 0.00584, there will be more drop to $0.005 and $0.0045.
but if price hold the support zone and head up to break out from descending resistance, another rally will lead price to $0.0084 , $0.009 and maybe $0.011.
$NIMUSDT - Long here or wait for a breakout from the flagHello everyone!
Nimusd is about to complete the bullish flag pattern.
It's pretty risky to go long now as NIM might consider going down to retest the lower band of the flag and I don't like the setup of RSI.
So the best is to wait for a breakout from the flag and go long.
NIMBTC Nimiq, reversal ?So, we are on the verge of new uptrend for NIMBTC pair. This are 2 scenarios that I'm considering right now:
1. Triple MA and MACD cross on weekly chart will state beginning of huge uptrend
2. No cross on Triple MA and MACD, will lead to further trading corridor or continuation of downtrend.
I'm more bullish right now, as Bitcoin is in correction phase for next 2-3 weeks and we may see altcoins to gain some value.
NIM/USDT- The new diag confluence, buy setup Buy under diagonal confluence and go for the ride with NIM 2.0, NIMBTC 2W chart supporting of this moon.
There's no Ripple foundation of NIM selling all of the supply on you and the pumps are the effect. Ripple had to pay millions to get listed on exchanges to sell their bags from 100% ownership and that's just wrong.
Any NIM you buy on the market has been mined fairly by another user of the network. Soon they will deliver on staking and PoS, much before ETH.
News:
NIM 2.0 Testnet revealed on twitter,
NIMIQ OASIS beta- buy BTC or NIM with bank account and SEPA instant in Europe
BTC to NIM non custodial swap in Nimiq web browser wallet.
2.0 Full Release in 2021 brings scarcity increase and PoS upgrade with Albatross consensus mechanism.
NimBTC Weekly- Diagonal Confluence Trading= Long NIMBTC!Nimiq to BTC bullish OBV setup, in buy setup of buy/sell confluence trend as well as diagonal buy/sell confluence trend on price.
Bitcoin is also very bullish vs USD so this is great for the price of NIMUSD.
There are other reasons such as hype for Nimiq 2.0 release that this coin is a great buy right here!
NIMUSDT, Nim USDT Horizontal Confluence long easy.Long NIMUSDT off horizontal confluence support, shoot for the moon and land amongst the stars.
Some Fundamental Analysis:
The supply emission of NIM is about to drop by 7 times/ NIM will be 7 times as scarce.
Your equity of NIM will scale in 2.0 if you help validate transactions.
Team Nimiq will buy NIM with the profits from OASIS for the first 24 months at least, further increasing scarcity.
Requirement to lock coins in vesting contracts to Stake will reduce on exchange balances of NIM.
Nimiq PoS upgrade with albatross consensus algorithm expected before Ethereum PoS upgrade.
Strategic 10% ownership/partnership with Ten31 Bank and FastSpot, OASIS asset swaps are a great business plan.
NOT a 100% premine coin like XRP
MarketCap: $17,000,000
Market Share: 0.00%
Nimiq vs BTC, Diagonal Confluence (Reup)Apparently pictures and charts don't speak 1000 words, last time I uploaded this chart it was set as "Not Suggested"
Buy the dip of NIMBTC below the bottom of Buy/Sell diagonal confluence trend.
Sell the NIM above the top line of diagonal confluences, or don't, your choices today affect your future.
Never Heard of Nimiq? They're an up and coming competitor to BTC and XRP with a revolutionary business model. DYOR.
Cheers from the future.
NIM CRYPTOCURRENCYThis for educational purposes. Not intented for investment advice. Using Stage Analysis to study a potential breakout. I did this for my son who is a cryptocurrency miner and has been mining Nimiq.
This is for long position analysis of entry for the investor (not the trader). I will follow up with a trading educational video on shorter time frame.
NIM is in a stage one consolidation. It is trading below the 150 EMA . The 50 EMA is below the 150 but both are starting to trend sideways.
If it breaks above the 150 EMA on large volume , that would be the text-book entry according to stage analysis. ( Stan Weinstein) Setting an alert for the .003 cross over.
Nimiq - long term resistances to breakThe previous pitchfork has broken down and the support has become the major resistance.
Short-term we are in the decending pitchfork with 54.9 sats being the top resistance line, going lower.
Generally follow the pitchfork and once we break upwards from the PF, seek the previous support (now resistance, bold line) to be next target to break.
Short-term, I'm bearish and looking to sell above the middle of pitchfork and rebuy below the middle of pitchfork.
Nimiq on very strong support!Nimiq has caught very strong support on the 100 day moving average and it coincides with previous resistance & support and major buy area. Nimiq could be caught range bound here for a little a while but make no mistake this is an accumulation zone until it makes it's next move. There is very good opportunity for a very nice swing trade here. Easy 2 to 3x trade possibly more, so fill your bags.
It's simple guys... the chart clearly shows the meaning of this quote.
"Be greedy when everyone is fearful and fearful when everyone is greedy"--- Warren Buffet