ANGUR Price Prediction Today: Daily (REP) Value Forecast – June 14
- The short and medium-term outlook is in a range-bound market.
- Traders should be patient for a breakout or breakdown before taking a position.
REP/USD Medium-term Trend: Ranging
Supply zone: $22.00, $24.00, $26.00
Demand zone: $10.00, $9.8.0, $9.60
ANGUR is in a range-bound market in the medium-term outlook. The cryptocurrency has been in consolidation since 9th June. The drop from $20.97 to $17.59 at the demand area has reduced the momentum of the bears and the bulls respectively.
The 4-hour opening candle at $18.49 pushed price up briefly to $19.22 before closing a doji. Price is below the two EMAs and the stochastic oscillator signal is parallel at 20% an indication of the ranging scenario.
$20.00 is the upper supply area of the range while $17.50 is the lower demand area of the range. Traders should be patient and wait for price breakout or breakdown with a retest before taking a position.
REP/USD Short-term Trend: Ranging
The bulls had a good ride to $19.22 in the upper supply area shortly after today’s opening session. The wicks formed after the close of the candle showed exhaustion of the bullish momentum hence the bears control as the coin ranges.
The two EMAs area were broken and price is below the crossover at $18.26. The bear pressure may continue to the lower price range as confirmation from the stochastic oscillator shows the signal pointing down ta12% in the oversold region.
The cryptocurrency is consolidation and trading between $19.00 in the upper supply area and at $18.10 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
Live Augur (REP) Price:
1 REP/USD =$29.6111 change ~ -3.63%
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