For this price analysis, we're going to start on the daily resolution.
We'll also be using Kraken's USD markets as our frame of reference for the price.
Augur Price Analysis
In the chart below, we can see a **strong** underlying diagonal uptrend support that's been carying the price for a weeks (at least):
A chart for Augur and monthly chart for REP
On augur it can be seen a bull flag is forming comparable to the one seen before a large upward move.
On rep the "three white soldiers" pattern can be observed suggesting a strong transition to a bull market out of the symmetrical triangle.
It can be seen that XTZ is extended way beyond the Gaussian channel on the monthly chart
Meanwhile REP can be seen to be sitting directly in the middle of the channel, which I consider healthy.
This is the monthly chart, momentum may carry XTZ. But I wouldn't be going long.
I'm hoping that it will go up, it has been rejected from 19.5 3 times science noon though, my average buy is 18.8 hoping to sell at 20 by the end of the night if it can go up, may reach 23 but i want my money lol
REP has been slow but steady in growth, following a classic fib series.
Approaching the most common wave end point of 4.236 fib extension.
In this case the 4.236 also happens to be right around $20 round number.
It may get past it, but expect a pullback if not serious retrace from there.
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