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Augur

REPBTC 4H CHART AUGUR ENTRY SIGNALREPBTC pair, after a long downtrend, is showing signs of recovery. This could be a successful break from this line, however, short-term excursions have occurred recently. Stop-buy is placed above this candle with a conservative take profit level based on the previous resistance zone. However, price can rise beyond that level if the market response is bullish. Moreover, BTCUSD also shows the same behavior, but currently a REPBTC seems more profitable. DMI and MACD seem bullish WNZ Get live updates and analysis of the cryptocurrency market: t.me
RLong
by WaineNZeddmo
Augur Trading scenarioHello, Today let's talk about the decentralized prediction market coin named Augur (REP). Similarly to most altcoins, REP/BTC took an important (but waited and quite due) correction after going from 400k in March to its all time high at 1600k in May (4x growth). Today REP/BTC trades around 610k which represent more than 60% in retracement. But with BTC coming back on its feet and with the current chart setup of Augur, good opportunity of trading could come. Indeed, on the chart you could see that REP/BTC is on a descending wedge (in black on the chart) which is a bullish pattern because it tends to break upward. REP bounced on the bottom of this wedge two times on the last days. At this level as you can see we also have two strong resistances: the longterm uptrend line in purple and the dashed black line which is the 0.236 Fib resistance. REP is also inside of two descending triangles: a short term one (between the purple and the orange lines) which should resolve before the 8th of august and a medium term one (between the upper black and the purple one) which should resolve before the end of August. If the first triangle brokes upward we may see an uptrend in order to test the 0.382 fib resistance and if 0.382 breaks REP will test the top of the descending channel (up to the upper black line maybe up to 750-800k). If the uptrend momentum is big enough, we could even see a break of the second triangle. But I think we will have several bounce inside the second triangle in August before it breaks. If this second triangle break upward we will also test the 0.382 fib resitance (if we are below it), then a resistance between 900K and 1000k before testing the 0.618 fib resistance. If one of the triangle breaks downward (quite unlikely because we are on strong resistances, but a huge momentum -up or down- on BTC/USD could breaks those resistances) REP will test the bottom of the descending wedge with the black line. If this resistance doesn’t hold we may go down to 500k where the older resistance of the 1st trimester of the year became a support. On the indicators side, the mix of OBV, ADX/DMI, RSI , Volume Zone and MacD doesn’t give a strong buy signal because they don’t concord at the same time. The best signal which remains weak is shown on the chart with the green B letter around 570-600k. In conclusion, due to the good resistances in place, It may be a good time to buy some REP (at the bottom of the triangle or when the triangles break for a safer buy).
R
by Tompouce
4
REPUSD WEEKLY AUGUR MARKET CONDITIONSAUGUR 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, yet price is still hesitant at the time of publishing. Should a close over resistance occur, will be a long sign on a weekly basis. Several trading opportunities can be found on a daily and hourly basis though. WNZ Get live updates and analysis of the cryptocurrency market: t.me
KRAKEN:REPUSD
by WaineNZeddmo
Augur: Gnosis ICO insanity...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 this if you didn't catch the $GNO ICO. Most people couldn't so, it might not be a viable trade for most. What I'd do is buy this one and wait for $GNO to drop after launch, to buy into it. It would have to drop significantly, after developers cash out, and it is at a fairer valuation relative to Augur. Good luck, Ivan Labrie.
Long
by IvanLabrie
11
Augur/ Ethereum Three white soldiers on Daily Chart The most important thing here is the very harmonic three soldiers formation which stopped losses and let the augur regain some position on market. SL is obvious, TP is based on my personal experience in relation to three soldiers formation. I assume the the huge panic doji candle created some kind of solid support in 0.20000 area. From mid of March till mid of April this area was tested numerous times with constant rejection. It would be good idea to wait till the pair will reach 0.2000 area again and then enter the market or just enter the market now with suggested SL and TP. According to W.D. Gann it is not wise to try to find top or the bottom of the chart because there is high chance that you will fail many times till you will find it. It is always wise to follow trend even you think it will reverse any moment. ... Just keep it in mind and treat this trade as the risky one with current price ... if the price will go between 0.2000 and 0.18000 I would consider this as almost perfect place to enter the market. It is still risky but Risk/Reward ratio will justify the risk.
RLong
by Krystiannwk