Hi everyone,
it seems like Augur is ready for Wave 3 of the current uptrend. Veil mainnet has launched and the platform is growing a remarkable userbase according to crypto media.
Looking at the 4h chart, wave 1 is a beautiful example of a perfect Elliot 5 Wave structure, respecting the Fib levels to perfection. Now that the whole structure (Orange wave 1) has retraced close to the golden ratio at .618, which happens to lie on top of the 100MA, we see confluence in several indicators for a continuation upwards.
RSI broke up from downward resistance
MACD & Histogram pointing towards the end of the ABC correction and a continuation upwards
Volume is starting to come in and we are seeing a bullish engulfing candle about to close
Targets (mid term) = 32 / 40 USD
SL 12.5 USD as invalidation of this idea
Safe trading!
Raul
it seems like Augur is ready for Wave 3 of the current uptrend. Veil mainnet has launched and the platform is growing a remarkable userbase according to crypto media.
Looking at the 4h chart, wave 1 is a beautiful example of a perfect Elliot 5 Wave structure, respecting the Fib levels to perfection. Now that the whole structure (Orange wave 1) has retraced close to the golden ratio at .618, which happens to lie on top of the 100MA, we see confluence in several indicators for a continuation upwards.
RSI broke up from downward resistance
MACD & Histogram pointing towards the end of the ABC correction and a continuation upwards
Volume is starting to come in and we are seeing a bullish engulfing candle about to close
Targets (mid term) = 32 / 40 USD
SL 12.5 USD as invalidation of this idea
Safe trading!
Raul