Breaking of 27.887 resistance is a good sign for a an up trend market and it's even get better with two candle stick pattern. The first one is an engulf pattern which has a good Penetration in 27.88 resistance and the second one is the pin bar which also make a penetration just like the other pattern and if the candle after pinbar close like what it's now it will...
After first push until previous all time high, REPEUR breaks out of triangle in a bullish way.
Based on Elliot wave counting, I expect the upward wave to hit Fib 1.618.
MACD is showing turning direction in bullish trend.
Buy target: 24 - 26.5 euro (break of previous high)
First stop: 33 euro
Second stop: 40.5 euro
Good luck.
Last days Augur (REP) finally rallied up hitting the September high of 26 EUR.
From an Elliot wave perspective:
Possible ending of wave one due to cooling down of price action. Expected pullback of wave 2 around 19 EUR (Fib 0.5) Wave 3 expected to go until 41EUR (1.618) which would be new all time high. Resistance expected around previous all time high which is...
As REP/EUR broke through the 15.05 line, this could possibly stimulate an uptrend movement. Also the MACD shows a sign of changing direction into upwards movement. However, we should take note that there was a descending triangle pattern in place which could still occur if REP will fall back into 14 levels.
For the upward movement, expect strong resistance at ...
Successful breakout above 16.1 could lead us to 19.4 target with some obstacles at 16.95 (38.2 Fib from previous fall).
If there will be no breakout above 16.1, support zone is around 14.7 - 14.9 (also 28.6 Fib).
If this also breaks, next support is at around 13.4.
Google trends shows rise for "Augur crypto".
Stop limit order for placed few minutes ago via...
Augur has been falling for two months now, after a quick rise in just two weeks. It's right on main resistance level and it may swing back. Stochastic RSI is showing an coming uptrend, lets see if it does. Augur recent vulnerability won't help it though.
I think that if investors jumped on GNO like they did, the market cap for $GNO can easily double. Or at least, they can close the spread between them soon. I'd reccomend selling $GNO at launch if you managed to buy some today, and buying $REP now, with the same allocation.
The level above is significant, once above, this could go considerably higher.
Don't trade...
