Pair : #REP / #BTC
RSI : 38.9
Note : AUGUR was also one of the alt coins that have been in a downward trend without that much reversal bullish move since Mid April. It seems we are no going to witness a good reversal upward move. It already formed a falling wedge pattern and broken out from the formed triangle by yesterday's bullish...
$REP Accumulation happening under resistance level at ~250k sats...
Volume really low
Price action rejected at descending trendline, crossing above it would unlease some movements..
For now set some alerts and wait for #REP to show the correct signals...
If there is a breakout of the oblique resistance which the end of the down channel,
In this case of the the bullish plan, the next resistance are 2400/2504
The MACD signal show us a buy signal
But in the other case, we could see a descending triangle, which is a bearish pattern