Wow REP has seen some bearish action.
Could it be time for a reversal? supporting this is the resistance turned support on this large down trend line.
Accompanied by a falling wedge which is a bullish structure.
Reversal?
Hi dear friends, hope you are well and welcome to the new update on Augur (REP) token with US Dollar pair.
Recently we caught a nice trade of REP:
Now on a daily time frame, REP has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Hi dear friends, hope you are well and welcome to the new update on Augur (REP) token with US Dollar pair.
Previously we caught a nice pump of REP:
Now on a 2-hr time frame, REP has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
**REP/USDT Buy Scalp**
1st target > +5%
2nd target > +15%
3rd target > +30%
Remember Money Management we use 3-5% max on this one
Trail SL to break even / previous target as each target is reached
REP is quite strong at 14$ and it has not shown any flash pump since February, which shows that REP is still in the accumulation phase. In the near future, REP may have strong flash pumps to the areas of $20 and $24.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 14$ zone
🔴Buy : 14
🔴Sell : 17 - 20 - 24
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 14$...
Augur is a software aiming to incentivize a global network of computers to maintain a prediction market platform on top of Ethereum (ETH).
A prediction market is not unlike an exchange, except instead of trading assets, users wager on the outcome of events. With Augur, users can create and exchange “shares” representing a portion of the value of outcomes,...
Experienced one full bull cycle and one complete bear cycle, price is now beginning its second bullish cycle on the weekly timeframe
Augur is listed on the official Ethereum website.
As you can see price is just moving out of the downtrend circle drawn, providing the point of 2.618
Each time price has touched 1.618 and 2.618 price has lifted, as demonstrated with arrows
Augur is currently listed on the main Ethereum website as a betting site.
Price has just tried to take a surge to claim the bull's position back but the big initial resistance is trendline, if they manage to cross we could see a good upward rally. Trade on levels.
This one is looking good as Augur v2 (REPBTC) hit a low in late June last year...
In January 25, a new low was hit by a few satoshis and today we see prices moving above EMA10 after a new higher low.
This tells us that REPBTC is getting ready to grow.
WARNING: See the red dashed line on the chart.
If you see a FULL CANDLE close below this level, this analysis...
Chart for REPV2USD
An unconventional inverse head and shoulders structure
currently pushing the right shoulder, which will lead to the next formation
This movement into the next phase could propel price
REP is moving up strongly and it could hit 26$, 30$ and 35$ in this October. But if it loses 22$ zone, it will move down to 18$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 22$ zone
🔴Buy : 22$
🔴Sell : 26$ - 30$ - 35$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 22$ zone
🔵Sell : 22$
🔵Buy : 18$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short :...
The 24$ zone is a good support zone of REP at the moment and a rally could happen here to 34$ and 46$ zones. But if it loses this 24$ zone, it will drop to 17$ zone before moving up to 34$ zone in October
📈BUY
🔴Buy : 23.4-24.6$. SL if B
🔴Buy : 33.2-34.8$ if A. SL if B
📉SELL
🔴Sell : 33.2-34.8$. SL if A
🔴Sell : 45-47$. SL if A
♻️BACK-UP
🔵Sell : 23.4-24.6$ if B....
REP has accumulated around $24-30 for more than 1 month and this is a good condition for REP to increase strongly to $38 and $52 this September.
📈BUY
🔴Buy : 29.3-30.7$. SL if B
🔴Buy : 37-39$ if A. SL if B
📉SELL
🔴Sell : 37-39$. SL if A
🔴Sell : 51-53$. SL if A
♻️BACK-UP
🔵Sell : 29.3-30.7$ if B. SL if A
🔵Buy : 23.4-24.6$. SL if B
❓Details
📈Red Arrow : Main...
YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can...
