REP/BTC REP is currently facing major problems as it failed to create a higher high but instead, multiple lower highs are made. Unable to break the trend-line resistance plus the 50 & 100D MA is pushing the price inside the pattern. If REP can't break this pattern to the upside sooner, it will be a bigger challenge. The price could drop to 1100 sats or lower.
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! :)
Possible skewed bull flag, currently sitting at the bottom of bearish-turning-bullish Gaussian channel. I expect a rally to the middle or to the top of the channel. Happy trading ! :)
Three rising peaks pattern can be seen on REPUSD, this is can be seen to be the opposite of 'three descending peaks' pattern, quite a cool pattern. How will the chart proceed?
Descending Scallop, this is a bullish reversal pattern. Alts are currently being accumulated hugely!
REP/BTC REP is doing it like crazy Altcoins season with over 90% pump? Lucky people those who bought at around 1100 - 1200 regions, Sell now and don't be greedy too much. We are late to the party and please do not FOMO! Wait for the pullback is the best strategy I can suggest.
REPUSD Holding Symmetrical triangle, higher lows present, a small descending scallop can also be observed.
REP/BTC REP is on a steady pullback after breaking above 200 Day MA. Price is could deep lower further around the previous Higher Low and the 200 Day MA area. Market structure is strongly bullish and no red flags yet, we will have just to wait how the price reacts with the 200 MA again.
Sitting on support right now for a low risk entry. Stops below the 200MA on the 4 hour. Nice volume moving in with a small bullish div on the 4 hour RSI. Strong potential since the partnership announcement with veil, a new mimble wimble project. Target is the 161.8% of this recent swing high and swing low fib extension. Cheers and happy trading! Remember,...
BINANCE:REPBTC You can buy now rep ... and sell on this targets good time to buy this currency *Dont forget to follow us for more currencies*