Previous analysis on Augur was made on Kraken (REPEUR), but I left Kraken (not for religious reasons ;) and I'll continue trading it on Bittrex.
Yesterday's spike gave us believe in Augur again after 5 months of downtrend. If we look closer, it was able to reach (overcome) Fibonacci extension from low on 21st and high and low on 22nd of November. There is a strong resistance at 0.004, and we can try to set up similar scenario.
Entry after break above 0.004 with target somewhere around 0.0065.
Stop loss somewhere around (bellow) 0.003 - depends on how much you want to risk.
Previous analysis:
Yesterday's spike gave us believe in Augur again after 5 months of downtrend. If we look closer, it was able to reach (overcome) Fibonacci extension from low on 21st and high and low on 22nd of November. There is a strong resistance at 0.004, and we can try to set up similar scenario.
Entry after break above 0.004 with target somewhere around 0.0065.
Stop loss somewhere around (bellow) 0.003 - depends on how much you want to risk.
Previous analysis:
Trade closed: target reached:
Like we wanted it. Too bad I didn't put parts of sell higher (4.618 and 5.618 would also be filled). Next time! :)