Hi dear friends, hope you are well and welcome to the new update on Augur (REP) token with US Dollar pair.
Previously we caught a nice pump of REP:
Now on a 2-hr time frame, REP has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Experienced one full bull cycle and one complete bear cycle, price is now beginning its second bullish cycle on the weekly timeframe
Augur is listed on the official Ethereum website.
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.
Chart for REPV2USD
An unconventional inverse head and shoulders structure
currently pushing the right shoulder, which will lead to the next formation
This movement into the next phase could propel price
Chart patterns outlined on chart
This current move up should lead to further continuation up
Although, this is purely a chart that displays chart patterns rather than a price prediction
I am pretty bullish on Augur though
Enjoy
Just doing some sketches
this one is of AugurUSD showing a clear head and shoulder formation
A great long entry, this song has undergone massive accumulation
Augur seems to be following the market dip
However it can be seen that this young coin is showing extremely bullish signs, In the form of accumulation
1.618, previously a resistance area on the Fib circle, will possible act as a support for the recent drop
Great buy opportunity
I am long this coin
Idea for Augur
Extreme accumulation is present
This will ultimately lead to a large break out
Very promising project
Just needs a larger userbase, which I think we have been exposed to as of now
I am long this coin
Welcome to this trade setup guys.
fUNDAMENTALS: A betting exchange on AUGUR V2. will be launched on June 30,This will create hype.
Technically it just broke out of the resistance trendline. We will buy the retest.
ENTRY POINTS:
1360 to 1440
Targets: Green lines given in the chart, please observe.
If you like this update please hit the like button and share...
Thoughts on Augur
Not to sure if the breakout from the symmetrical triangle will be up or down, let me know in comments if you know the nature of this pattern in this situation.
Wedges can be observed one bullish descending broadening and one yet to be found out ascending broadening
I believe REP is ultra bullish with the upcoming release of there V2 platform
...
Massive symmetrical triangle formations, one broken out BSV, the other yet to break out REP.
Consistent higher lows
I know one pair is the BTC pair but i thought a comparison was still necessary.
A scythe is also present
Go long!
Buy on Augur
Included areas for a possible trade
Price must go up or Top cap indicator will go down and break uptrend, which is unlikely.
I am long on this token.
