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?
Elliott Wave Analysis REPUSD Details on the chart
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.
We are looking at the result of an impulsive retracement pattern, prepping to execute a possible entry for the long. We must be patient to confirm the 78% level of support is actually support. Additionally, up [on. confirmation we need to monitor the 4H time frame to assess if we get a buying bulling signal/context prior to entering. THESE ARE ONLY MY CHARTS,...
REP/BTC can be seen to be forming an obvious falling wedge pattern which has a high success rate of breaking out bullishly while the USD pair can be seen forming a support above a recent golden cross
Thanks again, Aqua Hydro Man for the suggestion!!! A quick recap on the coin I covered a few weeks ago! WE confirmed the support on the daily timeframes so I actually entered this trade. DISCLAIMER!!! I AM IN ON THIS TRADE!!!! small position but I WILL dump on you at the talked about targets! hahaha This is educational and entertainment not meant to be investment...
Hey guys, we are touching support after a healthy 61% retracement as well. Looking to on a confirmation. However, if it does not respect support we can go to the 78% zone with major support as our next target loading zone. We have two TP targets the 127% extension and the 361% extension. GOOD LUCK AND BE SAFE TRADERS! RR - 1:11
indicators giving buy signal on this coin. but keep an eye on that support
Judging by these parameters, there is a bit of a buzz around REP today (2/16) Speaking of prediction markets, PolkaMarket is a HUGE one to look out for. Definitely keeping my ear to the ground for that coin.
Augur has only 11m in circulating supply. It's listed on multiple major exchanges Has very active dev team I'm a beginning trader and technical analyst. My idea is not trading, investment, or financial advice. It is posted for entertainment. Any constructive criticism or counter analysis is welcome. Thanks for stopping by. * Of course any precipitous moves by...
Defi has been pumping like crazy, REP (a prediction market) might be next, from people FOMO'ing into this after 'missing' the Defi pump. This is just a theory. Most people are degenerate gamblers, and REP can supply this need to the whole world. Interesting project.
Augur's prediction market will be supported by L2 automated market making
New to the program and look forward to understanding these chart in order to perform technical analysis and identify trends without relying on others.
Gaussian channel turning green This may result in a new ATH for Augur Post release of V2.
For this price analysis, we're going to start on the daily resolution. We'll also be using Kraken's USD markets as our frame of reference for the price. Augur Price Analysis In the chart below, we can see a **strong** underlying diagonal uptrend support that's been carying the price for a weeks (at least): Multiple Support Point Touches If we map...
A chart for Augur and monthly chart for REP On augur it can be seen a bull flag is forming comparable to the one seen before a large upward move. On rep the "three white soldiers" pattern can be observed suggesting a strong transition to a bull market out of the symmetrical triangle.
It can be seen that XTZ is extended way beyond the Gaussian channel on the monthly chart Meanwhile REP can be seen to be sitting directly in the middle of the channel, which I consider healthy. This is the monthly chart, momentum may carry XTZ. But I wouldn't be going long.