Hello REP Traders!
I am new to REP but I wanted to check out the current state of the market and see what might be happening within the next couple of weeks. Just a simple analysis on the day chart, it looks like we are in a descending triangle. The recent price action I think supports this with a move downward. Possibly falling to the bottom of the triangle at...
Thoughts regarding Augur or REPUSD
I believe the symmetrical triangle will follow through with a bullish scenario but this provides a bearish outlook with fib transition mirroring
They release there updated platform soon which i believe will be a catalyst for a bullrun
Massive symmetrical triangle formations, one broken out BSV, the other yet to break out REP.
Consistent higher lows
I know one pair is the BTC pair but i thought a comparison was still necessary.
A scythe is also present
I believe AUG to be one of the next chainlink like performing crypto coins. Trend lines are powerful used with the correct indicators almost gives you a crystal ball in your hands . Keep it clean on your charts . Vwap , BB , Vol , macd , rsi . As many know Augrep is coming out with a revised version of there predicting blockchain token . Then I see double or...
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! :)
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Currently long, take a look at their website, v2 is being released 3/14/2020 . It will have all the much anticipated updates that will strengthen the projects purpose. Looking to sell in May, but if I have a short term sell limit at 15%. Tight stop-loss.
REP Could Re-Test The Support Zone (Green Bar) Before Further Upside Price Action.
Failure for the support zone to hold up will bring price down to the 78.6% Fib Level @ $10.70
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own...