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REPUSDT - Potential For Bullish
REP is still under strong selling pressure continuously and has continuously appeared false breaks and long wicks. So REP is still trending down for the next few days, the target is the 11-11.5$ zone.
The situation will be only changed if REP closes a 1D candle above the 13-13.5$ zone, and the target will be 14.5-15$, this zone is very very strong and it's so...
As You Can See REP May Broke the Support but don't worry cause there is still 1 Major Support and we might see a bounce due to RSI going to oversold when going to that region ( 885 - 757 ) But This is just a Simple TA Projection. I'll Update You Guys If Something Happens.
💎Technical Analysis Summary💎
-Augur retest previous key support area around the 1200s sat
-We can see green candles showing small sign of Bullish strength
-If REP can break local resistance above 330s sat
-There is a chance it will move higher up to the next resistance at 1477s sat
A big Thanks for donating 💰 via Tradingview coins this week...
-Augur just confirmed the new key support area
-At around 1690 range, the price finally bounce up
-This zone is a confluence of previous resistance and support
-Also, the 200D MA coincides in this area
-Which helps the Bulls to maintain this important zone
-If the daily candle can close above local resistance at 1881
-This will be a bullish sign in the...
-Augur is now testing Key support area this level is a confluence of
-50MA on the 3D time frame, Previous support & Resistance, & Golden Fib .618
-We can also see increased in volume during its short term uptrend
-If REP can hold this area of confluence for the next 7 day
-And the market condition will be in our favor
-Chances of bouncing back to 2500...
After my analysis, I think the candles go up at the resistance line(23.521) and go down at the dashed line.
So if you wanna buy, you may buy now and sell the resistance line(23.521). Awhile the candles go up and down between the resistance line and the dashed line.