Panjang
Augur Bullish Divergence - A Buy Signal?
In June Augur has tested the all-time high, hitting $39 mark. Since then price corrected down towards $14.5, resulting in a drop of over 60% of Augurs' value against USD.
REP/USD found the support at the 161.8% Fibonacci, applied to the corrective wave after the ascending channel breakout. This support at $14.5 has been rejected few times and it seems that Augur does not manage to establish a direction while it continues to trade between the support and resistance at $30.
The most recent price action shows that a bullish divergence was formed by the RSI oscillator on a daily chart. This could indicate that Augur, in fact, is ready to move higher at least to test the resistance formed at $29, which is corresponding with 61.8% Fibonacci retracement level.
Overal a wave up could be expected towards $29 and if broken more growth will take place. Keep in mind that a close below $14 will invalidate this outlook.
REP/USD found the support at the 161.8% Fibonacci, applied to the corrective wave after the ascending channel breakout. This support at $14.5 has been rejected few times and it seems that Augur does not manage to establish a direction while it continues to trade between the support and resistance at $30.
The most recent price action shows that a bullish divergence was formed by the RSI oscillator on a daily chart. This could indicate that Augur, in fact, is ready to move higher at least to test the resistance formed at $29, which is corresponding with 61.8% Fibonacci retracement level.
Overal a wave up could be expected towards $29 and if broken more growth will take place. Keep in mind that a close below $14 will invalidate this outlook.
Nota
Nice move today on Augur... longer up? probablyDagangan ditutup: sasaran tercapai
Upside target reached, more gains to come
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.