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REP

Augur (REP) Buy OpportunityBuy-in: .0044-.0050 Targets: (1) .005756 (2) .007114 (3) .008289 (4) .009555 Stop-loss: .004 Reasoning - (Daily chart) This coin has pretty much bottomed out. It can only go up from here and the charts are showing that it's getting ready for an uptrend. 50 EMA is crossing the 100 EMA which is always a good sign. Stoch and DMI are showing an uptrend coming soon. While I believe the MACD is going to start a strong uptrend in the near future. This trade may take up to a couple weeks to develop and may dip down to stop-loss before uptrend breaks out. Augur is also approaching a release which will only help push this coin to farther targets. Augur's circulating supply is only 11 mil so don't let the price scare you away. **If post receives any likes I will continue updating**
RLong
by lamppole
8
Will Augur REP join the partyafter nice consolidation and an inverse head and shoulders pattern forming along with 7 ema cross of 21 ema this looks like a great entry for a position i want to buy low and hold. rumors of coinbase adding REP might come true plus this is just a very bullish pattern. RSI not favorable on the shorter time frame. gonna start legging in with half of position size here. looking for more volume and conviction on break of the head and shoulders line. REPBTC pair looks good and REPETH doesn't.
RLong
by Gamma-Rat
Could REP/EUR push through the trendline? 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 18.95. Safer buy would be around 16 level. For downward trend, expect strong resistance at 13.9 level with a possible fall-back until 12.2. Note 1: with the second BTC fork coming up in November, be careful with trading trends since it is unpredictable. Note 2: This is my first post, constructive feedback and comments are very welcome!
Long
by kerstjens
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