🔝 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.
REPEUR
REPEUR - double bottomLet's see if this will play out well. Seems like double bottom, there is divergence on 4H chart. I'll try to catch it on pullback with stop loss bellow 6.0 and marked targets at Fib levels. If things will look OK, I'll leave some part for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
[REP] Fractal configuration foundAs you can see, REP is like ETC for the fractal behaviour.
Regarding the curves, we can expect a big pump in 2 months if the time scale is respected.
Good trade ;)
Augur targets for this weekWe are looking 1-hour chart. Augur surged from 45$ to 100$ a few days ago and has now declined to 76$ which is 50% at fibonacci where we can see huge support. Augur has already bounced back from there two times now. Before we can look at 100$ I think we have to test the support level one more time when we have a triple bottom, then we can take a look towards 100$ where we are likely going to face resistance. If Augur doesn't bounce back from 100$ our next target is at 142$. The slow surge would be good because then RSI is on our side.
This is not financial advice.
Feedback and comments are greatly appreciated.
REP breakout?Seeing a little pattern here. Volume isn't present yet but I'm getting in; I dont just see a short-term opportunity behing Augur but I like there idea of predicting the future!
REP Breaking triangleAfter first push until previous all time high, REPEUR breaks out of triangle in a bullish way.
Based on Elliot wave counting, I expect the upward wave to hit Fib 1.618.
MACD is showing turning direction in bullish trend.
Buy target: 24 - 26.5 euro (break of previous high)
First stop: 33 euro
Second stop: 40.5 euro
Good luck.
Augur finally movingLast days Augur (REP) finally rallied up hitting the September high of 26 EUR.
From an Elliot wave perspective:
Possible ending of wave one due to cooling down of price action. Expected pullback of wave 2 around 19 EUR (Fib 0.5) Wave 3 expected to go until 41EUR (1.618) which would be new all time high. Resistance expected around previous all time high which is Fib 1 level. Wave 4 pullback until previous high again (40.5 EUR, fib 0.382 which is normal for wave 4 pullback)
Indicators show overbought position and therefore pullback expected which could be a wave 2. MACd shows positive upward trend wxith open crocodile mouth.
Possible buy in; 21 EUR which is after Wave 2 retracement
