REP/USDT breakout and retest
Hello traders!
Today I'm sharing my idea about AUGUR and it's potential +31% surge.
As You all know We are witnessing a wild altcoin season, having a potential 10x gains on the table.
My humble failsafe target for Augur would be the 35.89 - 37.02 zone, which We have tested on 18th of December. This zone is actually a previous supply zone which can be noticed on higher timeframes such as 3D and Weekly timeframes.
I would wait for a confirmation signal, a clear sign that We have succesfully broken out of the accumulation zone and found support from the previous resistance. Use top-down analysis to be sure You are on the right side of the trade. Also as the BTC is getting quite over-extended, put Your eyes on the BTC chart. I have a feeling We are going to see a solid correction and soon as the BTC starts dumping, alts will follow!
As We are witnessing extreme volatility on the crypto markets right now, I recommend You to play safe and be rational while trading and investing. Make a solid exitplan and don't be foolish. There's no place for the greed as the greedy ones will get liquidated sooner or later. Use this generous market wisely ;)
Today I'm sharing my idea about AUGUR and it's potential +31% surge.
As You all know We are witnessing a wild altcoin season, having a potential 10x gains on the table.
My humble failsafe target for Augur would be the 35.89 - 37.02 zone, which We have tested on 18th of December. This zone is actually a previous supply zone which can be noticed on higher timeframes such as 3D and Weekly timeframes.
I would wait for a confirmation signal, a clear sign that We have succesfully broken out of the accumulation zone and found support from the previous resistance. Use top-down analysis to be sure You are on the right side of the trade. Also as the BTC is getting quite over-extended, put Your eyes on the BTC chart. I have a feeling We are going to see a solid correction and soon as the BTC starts dumping, alts will follow!
As We are witnessing extreme volatility on the crypto markets right now, I recommend You to play safe and be rational while trading and investing. Make a solid exitplan and don't be foolish. There's no place for the greed as the greedy ones will get liquidated sooner or later. Use this generous market wisely ;)
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