Hi everyone,
it seems like Augur is ready for Wave 3 of the current uptrend. Veil mainnet has launched and the platform is growing a remarkable userbase according to crypto media.
Looking at the 4h chart, wave 1 is a beautiful example of a perfect Elliot 5 Wave structure, respecting the Fib levels to perfection. Now that the whole structure (Orange wave 1) has...
Weekly log chart.
I am enamored and fascinated by the price action of this coin.
My studies have led me here.
I have begun accumulating this coin, even though I think we may dip down and consolidate for the summer before the next move up.
Bottom box is buy zone, top two boxes are take profit. stop loss is bottom of pitchfork.
Even if the fractal doesn't play out,...
This is a fun outlook at what I think is a plausible scenario to occur. Nice 1:3 risk reward.
This is not trading advice
This is not a time dependent analysis
AUGUR is trying to recover from a rally far beyond this crypto value.
Major support and resistance levels are shown in Blue and Grey.
ADX is barely starting to show, with signs of Trend, but falling.
RSI and Stochastic near oversold, but showing good values for Long entries since we are still on an uptrend on a weekly basis.
We are on the middle of the week,...
REPUSD pair is on a downtrend along with ETHUSD, but with conditions in favor of range trading.
Right now, RSI and Stochastic overbought and ADX in range trading zone.
Bottom Bollinger Band (not shown) touching price, and bottom Keltner Channel (not shown) 4$ above price.
Stop under major resistance for a Risk/Reward of 1.75
