NMR's Make-or-Break Moment: Will Bulls Seize the Opportunity?Yello, Paradisers! Is #NMR gearing up for a massive breakout, or will it remain trapped in its sideways grind? Let’s dive in.
💎#NMRUSDT has been moving sideways for some time, but now it’s approaching a crucial descending resistance level near $17.20. This zone, reinforced by the descending channel and the MA-200, will be the make-or-break moment for bulls. Once NMR breaks above $17.20, it will be targeting $20.50 to $22.50 levels next—a formidable resistance zone that has suppressed any bullish attempts for over 150 days. This level is likely to trigger significant profit-taking, so caution is warranted.
💎Should bulls hold strong and push beyond $22.50, the door opens for higher targets at $26 to $29. The potential for upside is real, but only if buyers sustain momentum through the first critical levels.
💎On the downside, NMR has robust support at $13.50 to $12.50. If sellers attempt to test this zone, they’ll face considerable resistance. Below this lies an even more significant support area with strong historical importance, making it a tough battleground for bears.
Patience and discipline are key, Paradisers.
MyCryptoParadise
iFeel the success🌴
NMRUSD
#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
Are We About to Witness a Major NMRUST Drop? Key Levels to WatchYello Paradisers! Are we on the brink of a significant drop in #NMRUST? The recent price action hints that we could be heading lower, so it’s crucial to stay alert. Here’s what’s unfolding:
💎#NMRUST has been stuck in a downtrend on the major timeframe, consistently making lower lows and lower highs. Recently, however, the price reversed after setting a new lower low and moved up to form equal highs near the previous lower high. This move has sparked some interest, but don’t get too excited just yet.
💎The pair grabbed liquidity near this level, but the key observation here is that the candle didn’t close above the supply box. This signals that sellers are still dominant in the market. Currently, NMRUST is hovering around the supply box, which is between $15.53 and $16.67. This area is critical because it suggests there’s a strong probability for the price to fall from here.
💎If the downtrend resumes, the first support zone to watch is around $13.25. Should the selling pressure continue, we could see NMRUST drop further to the major support zone at $12.20, and possibly even down to $10.10.
💎However, it’s essential to keep an eye on the invalidation level. If the price reclaims the supply box and we see a strong 12-hour candle close above $18.59, this would shift the trend bias and invalidate the bearish outlook.
For now, be cautious and prepare for a possible drop. Stay disciplined and monitor these levels closely to navigate the potential moves effectively.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO
MyCryptoParadise
iFeel the success🌴
Is #NMRUSDT Ready for a Major Breakout? Major Zone ReachingYello! Are you prepared for what could be a significant move in the #NMRUSDT? Let's look at the latest analysis and see what will happen:
💎Currently, #Numeraire is compressed within a falling wedge pattern, a classic bullish reversal signal. So, what makes us confident in an upcoming breakout? It's the combination of increasing trading volume and improving macro market sentiment.
💎However, there's always a plan B in trading. If #NMR gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $11-12. This level has consistently provided strong support and is rich with liquidity.
💎Should #NMRUSDT fail to bounce back from the $11-$12 support, our eyes will be on the next critical level at $9.31. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
💎But remember, if #NMR breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
Strive for consistency, not quick profits.
MyCryptoParadise
iFeel the success🌴
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.
For continuous updates and in-depth analysis, follow us on TradingView to stay ahead with our trading ideas and market insights.
NMR || HoneycombTo some of you who may have never heard about Numeraire, it is a kind of hedge fund built by a network of data scientists. But what does that mean? Isn’t every hedge fund using great scientists who conduct testing and create algorithms to outperform the market? Then why is the Numeraire being talked about in a world that already has other cryptocurrencies?
#Greys = 2 Entry Points.
NMR LongNMR caught our attention this morning..... Looking into HTF we can see NMR is currently bullish and also on 15mins TF which confirm a good entry for it.....
Wait for good retest of the entry and a take a long from there to the previous swing high
Follow for more market update and trade setup
NMR recovery soonHello Traders,
NMR erased most of the gains and seems bottomed out and ready to recover.
Keep an eye on it; the double bottom and falling wedge can be seen on 4h tf. I already entered a long position at an average price of ~$12.1. If it dips more, I'll add more.
Please hit the boost button and follow me for more ideas.
Thanks.
Has NMR gone down?After the strong climbs and the BOS that he had, now there was a decline and we saw a descending CH.
Above the order block we have the QM Level which adds to the strength of this supply range.
We are looking for Sell/Short trades in the red area
If the price is rejected from the red box, the green area of FVG can be a good place for the target.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Numeraire (NMR) formed bullish Butterfly for upto 11% pumpHi dear members, hope you are well and welcome to the new trade setup of Numeraire (NMR) with US Dollar pair.
Previously we caught almost 400% pump of NMR as below:
Now on a 4-hr time frame, NMR has almost completed a bullish Butterfly move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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
Numeraire (NMR) formed bullish BAT for upto 17% pumpHi dear members , hope you are well and welcome to the new trade setup of Numeraire ( NMR ).
Previously we caught more than 69% pump of NMR as below:
Now on a 4-hour time frame, NMR with Bitcoin pair has formed a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Numeraire (NMR) formed bullish Gartley for upto 74% moveHi dear friends, hope you are well and welcome to the new trade setup of Numeraire ( NMR ) with BTC pair.
Previously we caught more than 350% pump of NMR:
Now on a daily time frame, NMR has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Numeraire with Eliot waves 📈📉Hello i would to share with u guys this opportunity to invest in Numeraire i think it is the best project i ever seen right now the idea is really unique and i advise every trader should read about it and DYOR before u invset in it.
What's make me invest in this coin ?
- From the chart we can see clearly we complete the Wave 2 and it's time for the Wave 3 and price is clearly come above MA200 and smash the resistance.
- Their IDEA of the project is really unique and they only have 11000000 in max supply.
this is not a financial advice please DYOR before u invest.
Thanks.