ANGUR Price Prediction Today: Daily (REP) Value Forecast – July 23
- The short and medium-term outlook is in the downtrend.
- Responsible selling with bearish reversal candlesticks pattern as confirmation.
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 predicted target at $13.50 in the supply area was missed with 18pips as the coin rose to $13.32 on 20th July. The rally ended after the formation of tweezer top an indication of trend reversal with the bears in taken control.
Confirmation of the bears' dominance occurred at the break of the two EMAs on 21st July as the coin to $12.23 and later to $11.81 in the demand area before the close of yesterday session.
The 10-EMA is a strong resistance area with price rejection as the market opens to on a bullish note at $12.13. REPUSD is down at $13.50 below the two EMAs and the signal of the stochastic oscillator pointing down at 22% an indication of downward momentum in the medium-term.
$11.00 is a key demand area, a break down in price at this will open the door for $10.00 in the demand area as the next target.
REP/USD Short-term Trend: Bearish
The key demand area turned supply area today was broken with a large bearish candle at $12.35 before the end of yesterday session. $11.88 in the demand area was the point the bears briefly lost momentum.
A retest of the key supply occurred after today’s opening with the coin up at $12.33 but strong rejection occurred with the formation of bearish reversal candles of doji coupled with wicks in the candle denoting bullish exhaustion.
The market id on a downtrend with the bears with the signal of the stochastic pointing down at 32% and price below the two EMAs. $11.40 in the demand area is on the card in the short-term.
Live Augur (REP) Price:
1 REP/USD =$12.6827 change ~ 9.93%
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