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Nmranalyse

#NMR (SPOT) entry range (12.5 - 14.5) T. (24.98) SL (12.29)entry range (12.5 - 14.5) Target (24.98) SL .4H close below (12.29) ************************************ BINANCE:NMRUSDT #NMR #NMRUSDT #NMRUSD NYSE:NMR #swingtrade #shortterminvestment #ALTCOIN #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR **** #bitcoin #BTC #BTCUSDT
Long
by Crypto_alphabit
NMRUSDT.1DIn this technical analysis of the NMR/USDT daily chart, I explore the current price trends, key support and resistance levels, and the insights provided by technical indicators to offer a perspective on future price movements. Key Observations: Current Price and Movement: NMR/USDT is currently trading at $18.97, experiencing a slight increase of 0.26% today. This suggests a minor bullish activity within a predominantly bearish trend. Support and Resistance Levels: R1 (Resistance Level 1): $22.33 - This level represents the immediate resistance that needs to be overcome for a bullish reversal. S1 (Support Level 1): $16.97 - This is the nearest support level, crucial for holding the current price levels to prevent further declines. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating continued bearish momentum. The proximity between the lines, however, suggests that the bearish momentum might be losing strength. RSI (Relative Strength Index): At 32.94, the RSI is approaching the oversold territory, hinting that the asset may be undervalued and could potentially see a reversal if bullish forces step in. Analysis and Conclusion: The current setup in the NMR/USDT chart shows a market trying to stabilize after experiencing bearish pressure. The slight increase in price today, despite the overall bearish trend indicated by the MACD, suggests that there could be potential for a short-term recovery if the support at $16.97 holds firm. This support level is key, as a drop below could lead to further declines, possibly testing new lows. However, the near-oversold RSI level presents a scenario where we might see some buying interest emerging, offering a chance for the price to rebound towards the resistance at $22.33. For bullish momentum to be confirmed, watching for a crossover in the MACD where the MACD line rises above the signal line will be crucial. In summary, traders should monitor the $16.97 support closely. A bounce from this level, supported by a positive shift in MACD and RSI, could offer a strategic entry point for a short to medium-term hold with a target at $22.33. Conversely, a break below this support would necessitate reevaluation of bearish targets. As always, employing proper risk management strategies is essential, considering the volatile nature of cryptocurrency markets.
Long
by MarsSignals
Can it break out of this bullish pattern & how BTC can affect it*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. 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. *Follow me for the latest cryptocurrency analyses on my watchlist *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *Thank you to those who donated, I very much appreciate it.
COINBASE:NMRUSD
by CryptoRush_
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
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