ridethepig | NMR Spot Commentary 2019.12.19A good time to review the NMR chart almost a Quarter after ErasureCon... For those who attended you will know it was a major game changer with Numeraire introducing censorship resistant file sharing is here with Erasure (a decentralised data market with an immutable ledger). This is a new chapter for NMR with one of the few Crypto's with an established use case.
For the technical flows, we remain in the same range with the same break above 67866 in play. We got the official cascade of stops which will be enough to trigger the momentum leg opening a target of the 61.8% and 76.4% retracements at 163923 and 195293 respectively. Reassessment from a technical perspective is only necessary below 31141.
Good luck all those buying NMR and BTC for Christmas.
Richardcraib
ridethepig | NMR Spot Commentary 2019.01.18A short update here essentially with one intention to shed some light over the pending impulsive wave for Numeraire.
Bulls wish to occupy the retrace, a swing in order to deliver; but if he tries to crack resistance at 99.000 bears have time to prevent him doing so. So the correct move here is loading on the retrace into our loading zone, leading sellers into betting on momentum against support, because as usual most retail go overboard when they attempt a recapture.
I am going to protect the support here and lend aid to buyers; the key point here is that buyers are strong here in one area, a simple retest is enough to provoke the impulsive swing, because our opponent cannot sense an invasion. At the very least, sellers will be forced into covering as we trip the highs.
Good luck all those in Numeraire for the coming months, and, as usual thanks so much for keeping your support coming with likes, comments charts and etc !!
