🔝 REPUSD 💥Augur is a software aiming to incentivize a global network of computers to maintain a prediction market platform on top of Ethereum (ETH).
A prediction market is not unlike an exchange, except instead of trading assets, users wager on the outcome of events. With Augur, users can create and exchange “shares” representing a portion of the value of outcomes, without trusting a company to make or oversee these markets.
The software itself maintains an order book for each market created, and there’s no limitation on what events can be traded, meaning markets may be created to help predict the outcome of everything from election results to the weather.
As with any wagering system, when users predict an outcome correctly, they are rewarded. If they do not, they lose the capital they bid. The idea is market participants gain value by helping outside observers leverage crowdsourced knowledge to gather global data points.
If and when users predict outcomes correctly, they are then rewarded with REP, the crypto asset that powers the Augur network.
REP itself can be used to create a prediction market, dispute an outcome of a known result or purchase participation tokens. Users can also obtain REP by purchasing it from exchanges, reporting on a bet outcome or being on the correct side of an outcome dispute.
Still, traders don’t even need to own or use REP to bet on the platform. Rather, its primary purpose is for users wishing to participate in the event outcome reporting process.
REPETH
REPUSD Chart PatternsChart patterns outlined on chart
This current move up should lead to further continuation up
Although, this is purely a chart that displays chart patterns rather than a price prediction
I am pretty bullish on Augur though
Enjoy
REP/BTC (Retested Key Support)💎Technical Analysis Summary💎
BINANCE: REPBTC
-Augur retest previous key support area around the 1200s sat
-We can see green candles showing small sign of Bullish strength
-If REP can break local resistance above 330s sat
-There is a chance it will move higher up to the next resistance at 1477s sat
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REP/BTC (Confirmed Key Support)REP/BTC
-Augur just confirmed the new key support area
-At around 1690 range, the price finally bounce up
-This zone is a confluence of previous resistance and support
-Also, the 200D MA coincides in this area
-Which helps the Bulls to maintain this important zone
-If the daily candle can close above local resistance at 1881
-This will be a bullish sign in the short term
-It will likely to test the recent top at 2750 sat or higher
REP/BTC (Testing Key Support Area)REP/BTC
-Augur is now testing Key support area this level is a confluence of
-50MA on the 3D time frame, Previous support & Resistance, & Golden Fib .618
-We can also see increased in volume during its short term uptrend
-If REP can hold this area of confluence for the next 7 day
-And the market condition will be in our favor
-Chances of bouncing back to 2500 will increase
REP/BTC (Bearish pattern: 30% drop?)REP/BTC
REP is currently facing major problems as it failed to create a higher high but instead, multiple lower highs are made.
Unable to break the trend-line resistance plus the 50 & 100D MA is pushing the price inside the pattern.
If REP can't break this pattern to the upside sooner, it will be a bigger challenge.
The price could drop to 1100 sats or lower.
REP skewed bullflagPossible skewed bull flag, currently sitting at the bottom of bearish-turning-bullish Gaussian channel. I expect a rally to the middle or to the top of the channel. Happy trading ! :)
Next[symbol="KRAKEN:REPETH"]KRAKEN:REPETH[/symbol] possibilitiesI'm hoping the opposite price correlations stays with KRAKEN:REPETH because it's a good haven. People in BTC will want to come here when they fomo and we get cheaper REP whe [n they fud. So I suggest staying in one place. The btc trend line is just impossibly dumb and manipulated. As are a lot of coins. But there are hidden gems. To be self centered - I feel Ive been given a gift of being able to observe what -might be- a gem. Not just in crypto. But look at Tron. I remember people making fun of Tron. Proplr still do. But watch. There is so much money there. Next BTC priced coin? Why do you think they now have tons of "Deflationary tokens". Just think about it. Burn the supply up of a much invested in and sought after coin, that isnt mineable? Well I'd say thats damn near impossible not to moon by golly. REP will tag along as the haven, of course. Ive only been looking at this 12h interval but those two curves are my direction predictions..
A trading opportunity to buy in REPETHTechnical analysis:
. Augur/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05579000 to 0.04900000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05579000)
Ending of entry zone (0.04900000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.06768000
TP2= @ 0.07374000
TP3= @ 0.08000077
TP4= @ 0.08903000
TP5= @ 0.10139000
TP6= @ 0.11378000
TP7= @ 0.13143000
TP8= @ 0.15389000
TP9= Free
A trading opportunity to buy in REPETHTechnical analysis:
. Augur/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05579000 to 0.04900000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05579000)
Ending of entry zone (0.04900000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.06768000
TP2= @ 0.07374000
TP3= @ 0.08000077
TP4= @ 0.08903000
TP5= @ 0.10139000
TP6= @ 0.11378000
TP7= @ 0.13143000
TP8= @ 0.15389000
TP9= Free
Augur ($REP) - up to 67% PPT! Short term trade.$REP is in symmetrical triangle and it's approaching apex. In case of a bullish break out we might see up to 67% profit.
Trade carefully do not forget to set up stop loss.
It's not a financial advice.
Good luck!
There is a possibility for the beginning of an uptrend in REPETHTechnical analysis:
. AUGUR/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05776361 to 0.05223350). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05776361)
Ending of entry zone (0.05223350)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.06767831
TP2= @ 0.08000077
TP3= @ 0.09022341
TP4= @ 0.10032174
TP5= @ 0.11462851
TP6= @ 0.13282898
TP7= @ Free
There is a possibility for the beginning of an uptrend in REPETHTechnical analysis:
. AUGUR/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05776361 to 0.05223350). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05776361)
Ending of entry zone (0.05223350)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.06767831
TP2= @ 0.08000077
TP3= @ 0.09022341
TP4= @ 0.10032174
TP5= @ 0.11462851
TP6= @ 0.13282898
TP7= @ Free
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.