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CryptoPAMM
Jun 14, 2018 1:03 PM

Augur VS Bitcoin Long-Term Uptrend Continuation Long

Description

Yesterday Augur has formed a double bottom near btc 0.0046. This is the 78.6% Fibonacci retracement level which has been rejected previously, back on the 29th of May. But yesterday, REP/BTC not only rejected Fib support but also the 8/1 Gann Fan trendline.

Today Augur started to move up sharply, but in order to confirm the uptrend, price has to break and close above the downtrend trendline as well as the 200 Moving Average. In this case the probability of an uptrend will grow substantially which could attract a lot of buyers, thus sending price much higher.

At the same time it is important to watch btc 0.0046 area, as break and close below might invalidate bullish outlook and send Augur back to btc 0.0034 support area.

Comment

Trendline rejected
Comments
Zonita
Any update of these trade?
atkelley22
July 9 Auger deployment is huge for REP. Should be bullish until then at least.
mirrormortalscrew
And if this program that I actually have come to enjoy wasn't wack enough to make you pay to put your charts up y'all would know what I was talking about real quick
mirrormortalscrew
Dude check the transfers on rep BTC, the whole week it says it's a strong by all the way through
Bitwet
Jumping on the train. Thanks again
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