DAugur (REPBTC) is trading above 22 satoshis for the first time in two months (since 18-March).
We are looking at this 'break' on the daily timeframe, this is taking place now and this candle is still active.
If prices can stay above/close 0.00000021 today, additional bullish momentum can easily develop.
We also have a very strong RSI (14) sitting at 72.
Here are the 4 steps for Augur (REPBTC) to go bullish:
1) Reversal candlestick pattern
2) High big/green volume bar
3) Break above EMA10/EMA50
4) Falling Wedge Breakout
All these signals are now present on this chart.
The next target for REPBTC can hit the higher part of the channel or the upper trendline... Prices can go higher of course.
This is not...
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...
Thoughts regarding Augur or REPUSD
I believe the symmetrical triangle will follow through with a bullish scenario but this provides a bearish outlook with fib transition mirroring
They release there updated platform soon which i believe will be a catalyst for a bullrun
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
REP has formed a 'deep' scythe pattern, this is a bullish continuation pattern. Deep meaning the blade length of the scythe is quite large while the 'snath' or 'stem' is not very long. Still developing this pattern ill post charts as I discover them, I encourage you to do the same! :)
Bullflags? This formation is present across these three coins, i'm sure you'd be able to find it other places, looks quite bullish. All three are currently sitting above a long term resistance turned support. This is an addition to my last GAME post in which i analysed this pattern which seemed to have a repeating nature on the chart, leading to a bullish break....
Currently long, take a look at their website, v2 is being released 3/14/2020 . It will have all the much anticipated updates that will strengthen the projects purpose. Looking to sell in May, but if I have a short term sell limit at 15%. Tight stop-loss.
Using Tom Demark Indicator Feb 21 looks to be the end of a daily 9 count.
Looking for a recovery rally from here.
Strong support using price to volume at 0.001392 BTC.
Daily RSI also indicates support here.
Possible parabolic rally is occurring, bounces in price can be seen when Gaussian channel turns bearish immediately turning the channel bullish again, this may occur a fourth time, however it usually comes in threes. Included a short term PT for a next wave up.