ANGUR Price Prediction Today: Daily (REP) Value Forecast – July 19
- The short and medium-term outlook is in a bullish trend.
- Buying may be considered at key demand areas.
REP/USD Medium-term Trend: Bullish
Supply zone: $20.00, $22.00, $24.00
Demand zone: $10.00, $9.8.0, $9.60
ANGUR is in a bullish trend in the medium-term outlook. The bears lost grip of the market at $10.09 in the demand on 17th July after two weeks of continuation. The correction began with a bullish engulfing candle at $10.24.
The momentum was sustained with a break in the resistance at the 10-EMA as the cryptocurrency rose initially to $12.12 and later to $13.10 in the supply area before the close of yesterday session.
Today’s session opens on a bearish note at $12.08 with price to $11.29 in the demand area. This was necessary for the market correction and bullish continuation with the market pattern of a bullish pennant.
This implies the rally may be sustained in the medium-term with a breakout from the triangle. $13.50 in the supply area is on the horizon as more candles opened and closed above the two EMAs.
REP/USD Short-term Trend: Bullish
The lower at $10.09 on 17th July was the beginning of the bullish trend. The formation of higher high and higher low occurred each day implies sustained momentum. $12.70 in the supply area was the yesterday high and $11.40 was the low as it extends into day session.
The high of today is next on the target as the bullish momentum increased. The signal of the stochastic oscillator is up at 50% suggesting an upward price continuation in the short-term.
$15.75 in the supply area is on the card as the momentum increased.
Live Augur (REP) Price:
1 REP/USD =$29.5994 change ~ 1.72%
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