Since May REP is one of the potential crypot currencies that do not show that much uprising move when markets shows some upward move. It seems on the 1D chart it ends up with its correction and started an upward move. RSI is on an average scale around 57.2. Price is below the 21 WMA and just some volume spike will most probably spike the price as well. But unless it closes above the first strong resistance line around 0.003924 Btc we cant confirm the beginning of the uptrend. For the short term trading opportunity its testing the 0.618 fib resistance level and we might see some corrections for the short term. By this we recommend you dear members to accumulate using buy orders partially since there is a probablity that this trade will show some temporary re-tracement downwards for a short term correction.
Accumulation Zone : 0.00345 - 0.00388 BTC
Possible Targets :
T1 : 0.003924 BTC
T2 : 0.004015 BTC
T3 : 0.004219 BTC
Mid/Long Term Targets
T4 : 0.004369 BTC
T5 : 0.004728 BTC
T6 : 0.005087 BTC
T7 : 0.005599 BTC
Stop Loss : 0.00301 BTC for short term and 0.00279 BTC for Long Term Traders.
Risk/Reward Ratio : 5.44
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Accumulation Zone : 0.00345 - 0.00388 BTC
Possible Targets :
T1 : 0.003924 BTC
T2 : 0.004015 BTC
T3 : 0.004219 BTC
Mid/Long Term Targets
T4 : 0.004369 BTC
T5 : 0.004728 BTC
T6 : 0.005087 BTC
T7 : 0.005599 BTC
Stop Loss : 0.00301 BTC for short term and 0.00279 BTC for Long Term Traders.
Risk/Reward Ratio : 5.44
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Comment:
T2 achieved in just 24 hours. A total of 19.99% profits achieved so far. Congrats.
