Finished downtrend wave, looking to see a small upward correction towards point (A) with minor retrace to point (B) before breaking out of triangle towards new all time highs in USD by year end. Also corresponds strongly fundamentally with Augur platform live release on Ethereum mainnet which should be live with bug bounty market prior to year end.
AUGUR is trying to recover from a rally far beyond this crypto value. Major support and resistance levels are shown in Blue and Grey. ADX is barely starting to show, with signs of Trend, but falling. RSI and Stochastic near oversold, but showing good values for Long entries since we are still on an uptrend on a weekly basis. We are on the middle of the week,...
REPUSD pair is on a downtrend along with ETHUSD, but with conditions in favor of range trading. Right now, RSI and Stochastic overbought and ADX in range trading zone. Bottom Bollinger Band (not shown) touching price, and bottom Keltner Channel (not shown) 4$ above price. Stop under major resistance for a Risk/Reward of 1.75