Coinbase Effect: Numeraire (NMR) Jumps 130% On ListingCoinbase Effect: The Altcoin Numeraire (NMR) Jumps 130% On Listing News
It appears that the Coinbase Effect is in full swing. An hour ago, the leading cryptocurrency exchange announced that it will be listing a new coin on its professional trading platform, Coinbase Pro. The cryptocurrency it listed is Numeraire (NMR), a popular altcoin project from 2017, and it has surged over 100% since the announcement: “On Monday, August 17, transfer NMR into your Coinbase Pro account ahead of trading. Support for NMR will be available in all Coinbase’s supported jurisdictions,
About Numeraire
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.
Successful predictions are rewarded with more
NMR.
NMRUSD trade ideas
NMRUSD Possible future trends."Just For Educational Purposes"
NMRUSD Possible future trends:
NMRUSD has a Bullish wedge. If successfully manage to make the bullish movement, the Heaviest resistance ahead is Fibo-1. If it also manages to pass through this resistance line then it can go as high as the next possible resistant points: Fib- 1.61 and 2.61 and higher.
NMR Printing ScythesI was recently asked about Numerai
I haven't looked much into it but it looks like a very complex project
I have doubts it will get off the ground but maybe its just my state of mind, always open for another interpretation.
From a TA perspective Scythes are being printed, which result in bullish continuation.
So from a TA perspective it looks quite strong.
This is my own chart pattern. Trying to get it off the ground.
Heres an example of it.
NMR correctionIf you took a position at the swing high you'd be 340% up 4 months later. Good moment to take some profits until probable support around $5.50, will see what is likely as we approach.
#NMRUSD consolidating for a potential cup and handle formationOf course with the USD chart influenced by Bitcoin's performance. However, NMRBTC chart is similar, currently at the typical retracement for a handle (~50% of the height of the cup):
Movers and Shakers_Alts 3/4/2018Scored High,,
1. Zoi -Zoin #297
2. Xto -Tao # 271
3. Nmr -Numeraire #238
All Low Alts, with High Volatility, Look for second pump alerts, High Gain, Manage Risk.
Numeraire Chart for bullsRetrace is likely considering the recent volume trend and accumulation.
Pink boxes are targets 1,2,3. They may even be low. Moon is much higher than target 3. Looks very similar to many coins that saw immense buying pressure.
24hr period looks bullish.
21 day period looks bullish.
NMR: Ready for another move higher?NMR massive move to the upside last week. Has been coiling ever since in a falling wedge on low volume. MACD wants to cross up, a bullish signal, and we are seeing volume come back in as NMR tries to break out of the wedge pattern. Target: retest of $35, then maybe highs at $50
nightmare finally over?the neverending falling wedge might be finally over as it started to swing above the resistance. we might see an upward movement like the green channel.