Last 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
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.