- The short and medium-term outlook is in the downtrend.
- $10.00 in the demand area is a key demand area as the bears' eye a retest.
REP/USD Medium-term Trend: Bearish
Supply zone: $20.00, $22.00, $24.00
Demand zone: $10.00, $9.8.0, $9.60
ANGUR continues in a bearish trend in the medium-term outlook. The bears resume the downtrend at $15.75 in the supply area after the formation of an inverted pinbar. The cryptocurrency fell to $12.33 as the low of yesterday session.
Today’s market opened on a bearish note at $12.78 and closed as a bearish pinbar suggesting downtrend continuation as the bears' journey down south.
$10.27 in the demand area was already attained today with a large bearish candle as the bears continued dominance. The journey down south may continue as signaled d by the signal of the stochastic oscillator pointing down at 13% in the oversold region.
$9.00 in the demand area is the bears' initial target as momentum becomes stronger in the medium-term with more candles opened and closed below the two EMAs.
REP/USD Short-term Trend: Bearish
The lower price range of the range at $14.00 in the supply area was broken on 14th July and the cryptocurrency dropped to $12.26 in the demand area before the close of yesterday session. The bears maintained control in the market with today’s opening price at $13.04.
$11.05 was the initial price as bears journey down south. Increased bearish momentum further pushed price down to $10.40 in the demand area.
$10.00 in the demand area is on the card as the bears resume after the bullish exhaustion.
Live Augur (REP) Price:
1 REP/USD =$14.8023 change ~ 2.33%
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