UnknownUnicorn1314136

Augur Worth A Look Right Now

Long
COINBASE:REPUSD   None
COINBASE:REPUSD Appears to be near breaking out of its consolidation pattern now, so it's worth a look. Needs to hold here and close above trend line, but I went ahead and swapped a little BTC for REP, see if I can catch them both in breakout areas. Of course there is no guarantee the breakout will be up, could very well break below and take off. But when you throw in the 150 MA (30 Minute) coming up to support area as well, I believe this consolidation to be a continuation pattern flag/pennant after the steep price increase of the last couple days. Having said that; Entry 10.84--Stop loss 10.60--First target 14.55. RRR stands at over 17.5:1 in favor of reward using those numbers. Some altcoins have held their ground or gained while BTC has pulled back a bit. If BTCUSD can break out upward of the diamond formation it is currently in, this and some other altcoins may go along for the ride, with an even bigger possible % gain. We shall see. Hope everyone enjoying their weekend. Happy hunting and GLTA!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.