Hi guys spotted a cup and handle like pattern with price forming potential Bullish flag also.
We have 2 scenario here either to wait to long at suggested buy zone or go for pull back if we have any surprise breakout from the flag arms.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for...
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Looking at Augur REPBTC 4HR chart, REP is finding its strong support, but couldnt manage at Fib 38.2 and before that broke EMA21.
Right now its trying to find support at EMA 100, but went bit down to 3555.
Also in 4Hr. chart we can see its complete TD...
Let's get to it!! REPBTC/Binance
Currently on the DAILY we can see that we have a Bull Flag formation
that is attempting to break out of. I would not confirm this a break out
until we see this break above 45000 sats and if it retraces upon break out stays
above those levels. My overall target is placed at 7300 sat's at current price that
Price is hovering on the 61.8 and its a matter of time before it moves up.
-Stop loss recommendation is below the .65 fib.
-Follow this call for further updates and price targets.
------And as always trade with caution and dont forget to put a stop loss.-----
See my previous call below.
Another nice swing up on REPBTC on ok volume gives us another trade opportunity;
I like to scale into a long position from around the 0.50 fibonacci level to around the 0.618 area.
(4300 sats - 3900 sats)
Initial targets are 4720 sats for the 0.50 fib orders and 4450 for the 0.618 orders for a quick 10% profit.
If you want to ride the position I suggest to set...
Update on $REP, After the symmetrical triangle breakout (14% in profit), a bull flag as continuation in process
UCTS buy signal active on the 1D
Bot RSI & MACD rising
Volume not strong for now for a breakout (wait)
5-0 bullish pattern on the 12H
EMA50 acting as support
REPBTC has been trading in a range since early March. We see an opportunity for a low-risk entry and modest gains by targeting key levels of resistance in this range structure.
Buy: 0.003500 - 0.003550
Target 1: 0.003617
Target 2: 0.003663
Target 3: 0.003705
Target 4: 0.003751
REP 4H chart
Augur testing resistance at 3750 - 3800 for the third time. Looks bullish. Indicators also leave room for breakout. Fingers crossed
My settings for this trade.
Buy zone 2650 - 3750
Targets 3850 - 3950 - 4060 - 4170
Stop loss below 3500
Trade on your own risk!
REP/BTC looks like forming an A&E, I know that's not a exception and not a specialty, but after forming an A&E there will be some result from this ancient figure and this will be seen in the weekly graph.
Expect a retrace in to the EQ of the OB that pushed REP to its weekly swing high.
Current support likely to be lost. If not, it's ok because it would be a bad place to enter with bad odds.
Consolidation pivot to the left that got reclaimed is where chances on big pocket buyer interest lurks.