There is a trading opportunity to buy in REPUSDTechnical analysis:
. Augur/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (7.70000000 to 5.50000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7.70000000)
Ending of entry zone (5.50000000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 10.00000000
TP2= @ 12.00000000
TP3= @ 14.00000000
TP4= @ 16.00000000
TP5= @ 19.00000000
TP6= @ 23.00000000
TP7= @ 27.50000000
TP8= @ 32.50000000
TP9= @ 49.00000000
TP10= @ 76.00000
TP11= Free
REPUSD
There is a possibility for the beginning of an uptrend in REPUSDTechnical analysis:
. Augur/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (14.000 to 11.000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (14.000)
Ending of entry zone (11.000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
Take Profits:
TP1= @ 21.00
TP2= @ 27.40
TP3= @ 32.46
TP4= @ 41.17
TP5= @ 49.15
TP6= @ 62.64
TP7= @ 76.11
TP8= @ 95.30
TP9= @ 119.77
TP10= Free
REP / USD Price Analysis: Short-term PressureAugur / USD Short-term price analysis
Augur has a bearish short-term outlook, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows an inverted head and shoulders pattern, with REP / USD buyers repeatedly failing to move price above the neckline of the bullish pattern.
Technical indicators on the four-hour time frame are starting to turn lower alongside the recent decline in the REP / USD pair.
Pattern Watch
Traders should note that the August 2018 monthly high is the upside target of the inverted head and shoulders pattern on the four-hour time frame.
Relative Strength Index
The RSI indicator on the four-hour time frame has turned bearish as downside pressures increase.
MACD Indicator
The MACD indicator has turned bearish on the four-hour time frame and is starting to issue a sell signal.
Augur / USD Medium-term price analysis
Augur has a bullish medium-term trading bias, with the REP / USD pair still trading well above its 200-day moving average on the four-hour time frame.
The daily time frame continues to show a large inverted head and shoulders pattern, with the REP / USD pair consolidating around the neckline of the bullish pattern.
Technical indicators on the daily time frame have turned bearish and are currently generating a sell signal.
REP / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the July 23rd, 2018 swing-high is the overall upside target of the inverted head and shoulders pattern on the daily time frame.
Relative Strength Index
The RSI indicator on the daily time frame is trending lower as downside pressures increase.
MACD Indicator
The MACD indicator on the daily time frame has turned bearish and is generating a sell signal.
Conclusion
Augur may start to drift lower in the short-term after falling below key technical support on the four-hour time frame.
Continued failure to surpass trendline resistance on the daily time frame may start to weigh on the REP / USD pair, although the overall medium-term trend is resoundingly bullish.
A trading opportunity to buy in REPUSDTechnical analysis:
. Augur/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (14.000 to 11.000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (14.000)
Ending of entry zone (11.000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 21.00
TP2= @ 28.00
TP3= @ 40.25
TP4= @ 58.28
TP5= @ 72.87
TP6= @ 87.53
TP7= @ 108.27
TP8= @ 134.75
TP9= Free
