NMR is trading inside a falling wedge structure, with price compressing between descending resistance and rising demand. This is a classic bullish reversal pattern forming after an extended downtrend.
Price is currently holding the 8.66–9.18 demand zone while pressing toward wedge resistance around 10.7–10.8. A confirmed breakout and acceptance above the wedge resistance would indicate a momentum shift, targeting 13.20 initially, with a larger upside extension toward the macro resistance near 24.50.
Failure to hold above 8.66 would invalidate the wedge and keep the bearish structure intact.
Price is currently holding the 8.66–9.18 demand zone while pressing toward wedge resistance around 10.7–10.8. A confirmed breakout and acceptance above the wedge resistance would indicate a momentum shift, targeting 13.20 initially, with a larger upside extension toward the macro resistance near 24.50.
Failure to hold above 8.66 would invalidate the wedge and keep the bearish structure intact.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.