ANGUR Price Prediction Today: Daily (REP) Value Forecast – July 26
- The short-term is in the uptrend while the medium-term outlook is in a downtrend.
- Traders may look to sell at trendline area in the medium-term
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' target at $11.00 in the demand area was missed by 16pips as the coin fell to $11.16 as the market open today. The momentum was lost due to rejection and exhaustion denoted by the wick in the candle.
The bulls are back in control with the formation of the tweezer bottom at $11.43 in the demand area. The rally may have the coin up at $11.71 in the supply area which is around the trendline area. A bounce to the downs is expected at this area for a drop to the key demand area at $12.35 in the medium-term.
The signal of the stochastic oscillator pointing down at 23% an indication of downward momentum in the medium-term.
REP/USD Short-term Trend: Bullish
$11.20 was the new key supply area with rejection at each touch of price with the area. The bullish momentum was lost shortly after yesterday opening when the coin within the area at $12.15. The wicks suggest exhaustion, as the bears returned with stronger pressure with the coin, plunging to $11.33 in the demand area before the end of yesterday session.
The bears' pressure was weakened at the opening session after a further drop to $11.16 in the demand area before the bulls took control and began the ride to the key supply area.
Price is at $11.44 above the 10-EMAS with $12.00 in the demand area as the bulls initial target with the signal of the stochastic pointing up at 59% suggesting upward momentum in the short-term.
Live Augur (REP) Price:
1 REP/USD =$42.7987 change ~ -4.72%
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