what's Numerai ? NMR/USDT analysisWhat is 🌟 NMR coin🌟?
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.actualy Numerai is a new kind of hedge fund built by a network of data scientists.
Numeraire is the product of the hedge fund company Numerai, started by CEO Richard Craib in late 2015. The cryptocurrency was launched about a year after the hedge fund, to overcome the challenges the project faced operating on the Bitcoin network.
its Advisors include Coinbase co-founder Fred Ehrsam, Polychain capital founder Olaf Carlson-Wee and Ash Fontana, a board member at Kaggie, among several others listed on the its website.
❇️What are the advantages of NUMERAIRE?
1.Numerai holds a competition every week where scientists get access to updated data, and use it to create their financial models. They then upload it on the platform. The models are then tested in real-world markets for three weeks, after which the scientists with the top 100 performing models are rewarded with Bitcoins for their efforts.
The scientists are expected to stake a number of Numeraire tokens (NMR) on their models to prevent tampering. The scientists with the successful models get back their NMR tokens as well as an additional Bitcoin payout.
The Numeraire tokens staked on losing models are burned (i.e., the scientists who lose the competition also lose their NMR tokens).
❇️What makes NUMERAIRE different from other cryptocurrencies?
👉1.Numeraire is the world’s first (and only) cryptocurrency started by a hedge fund. An incentive for scientists as well as a means of preventing tampering with the models, the Numeraire coin serves a dual purpose with the platform.
👉2.The innovation behind the Numerai platform in using all the new tech to its advantage, including Machine Learning, Artificial Intelligence, Data Science as well as the blockchain, is something to be admired. The platform manages to get the best possible predictions of market trends by rewarding anonymous scientists for the best models, benefiting the company as well as the scientists themselves.
--------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart , The current price roam about 40$,
The price of NMR has been advancing in this ascending channel for 2 years and it has built floors and ceilings according to the picture. You can see two important levels in the picture, the green load in the area and the green box marked, both of which act as support. However, if the first support is broken (which is unlikely due to the rising market conditions) to the bottom of the channel It moves and if it breaks, it will even fall to the next support, but in another scenario, which is more likely, it moves towards the roof of the channel , and according to the ascending cup pattern it has made,it will probably succeed in breaking the channel and can climb to the red box targets of $ 300 or even $ 600.
Anyway, my constant suggestion to my dear community is to buy step by step , With proper capital and risk management and keep the stop-loss because everything in the market is based on probabilities and there is no certainty.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
NMRUSD trade ideas
NMR -1/9 - Watch for breakout confirmation - Next stop $38 - $40NMR overall is forming a nice bowl with upwards trajectory coming. IT recently broke two downward trendlines (diagonals from peaks) and got a bounce off each. Look for another breakout confirmation bounce and next target is $38 - $40. After that, it could come down some, but still close at a higher high.
*Just an idea from one noob to another; NOT financial advice.
NMR & NUUSD Price Prediction & Technical Analysis 1/8/21*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.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
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.
NMR.X, price exceeded its 50-day Moving Average on Sep. 13, 2020This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 32 similar cases, and 32 were successful. Based on this data, the odds of success are 90%. Current price $35.61 is above $29.17 the highest resistance line found by Tickeron's A.I. Throughout the month of 08/23/20 - 09/14/20, the price experienced a -19% Downtrend. During the week of 09/09/20 - 09/14/20, the crypto fell -3%.
Bearish Trend Analysis
The 10-day RSI Indicator for NMR.X moved out of overbought territory on August 18, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In 17 of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%.
The Momentum Indicator moved below the 0 level on September 05, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on NMR.X as a result. In 68 of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
The Moving Average Convergence Divergence Histogram (MACD) for NMR.X turned negative on September 01, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In 27 of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron’s A.I. shows that BITTREX:NMRUSD in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
NMR.X broke above its upper Bollinger Band on August 28, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.