• The short and medium-term outlook is in a bearish trend.
• Responsible selling at broken key demand areas.

REP/USD Medium-term Trend: Bearish

Supply zone: $20.00, $22.00, $24.00
Demand zone: $10.00, $9.8.0, $9.60

ANGUR is in a bearish trend in the medium-term outlook. The bears continue to push the coin further down after the break and retest of the lower demand area at $17.50 in the range on 28th June.

Each day the bears pushed the coin to a lower low with $15.26 and $14.57 on 30th June and 1st July respectively.

Today 4-hour opening candle at $15.22 formed a bearish tweezer top sustaining the momentum down south. REPUSD fell to $13.71 in the demand area as exhaustion sets in with the candle closing a spinning top.

Price is below the two EMAs and the stochastic oscillator signal points down at 17% in the oversold region, an indication of downward continuation in price of the cryptocurrency in the medium-term.

REP/USD Short-term Trend: Bearish

The bears maintained a stronghold of the market as it opened today at $15.15. A continuation of the strong pressure that began on 30th June. $14.24 was the initial low with increased momentum, the coin dropped further to $13.89 in the demand area.

A minor push to the trendline may occur as indicated by the signal of the stochastic oscillator pointing up at 30% before the bears resume the downward continuation.

Price is below the two EMAs an indication of bears pressure with $12.00 in the demand area as the bears' target in the short-term.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.