CryptoCubic

Augur Wide Range Trading

POLONIEX:REPUSDT   Augur / Tether USD
Based on our previous idea today Augur reached the upside target and rejected it. Price reached the highest mark since July, hitting $33. The major resistance is based at 61.8% Fibonacci retracement level, which is $30, also a psychological round number.

REP/USD Still range trading as it stays between $15 support and $30 resistance. In order for Augur to continue rising, a daily close must be above the $33 high made today. But while the resistance is holding a corrective move towards $20-25 area should be expected. This could be a good entry price to buy Augur for a long-term investment. Although best approach would be to wait until $33 is broken and get in on a corrective wave down.

To summarise, Augur is still range trading, and a corrective wave down is likely to take place. Break above $33 should confirm the continuation of a long-term uptrend.
Dec 05
Trade closed: target reached: There was a resistance at $47 that was rejected. The trend remains very bullish and there is more upside potential, although at this point correction down is possible.
Dec 15
Comment: Here is the update on Augur guys

Comments

Wat is your target
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Hi is this trade still active. Appreciate your analysis
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