ANGUR Price Prediction Today: Daily (REP) Value Forecast – June 18
- The short-term is in a bearish trend while the medium-term outlook is in a range-bound market.
- Patience must be exercised trading the consolidation.
REP/USD Medium-term Trend: Ranging
Supply zone: $20.00, $22.00, $24.00
Demand zone: $10.00, $9.8.0, $9.60
ANGUR is in a range-bound market in the medium-term outlook. Breakout from the upper supply area occurred shortly after today’s opening price at $18.79. REPUSD rose to $19.14 at the supply area but lost momentum as denoted by the wicks in the candle.
Increased in bears pressure returned the coin back to the range. REPUSD fell initially to $18.31.
The downward journey to the lower price range may have begun with the break of the support area at the two EMAs crossover. The stochastic oscillator signal points down at 32% an indication of downward momentum in price within the range.
$19.00 is the upper supply area of the range while $18.00 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: Bearish
The bulls had a good ride to $19.14 in the upper supply area shortly after today’s opening session before momentum loss. The bears' gradual takeover with the break at the support area around the10EMA and the formation of an inverted hammer. The cryptocurrency further drops to $18.33 below the EMAs crossover.
The two EMAs are turned resistance against upward price movement with price below the two EMAs. The stochastic oscillator signal points down at 15% in the oversold region suggesting downward continuation in price in the short-term.
$18.15 in the demand area may be retested the pressure on price by the bears becomes stronger.
Live Augur (REP) Price:
1 REP/USD =$42.8569 change ~ 5.45%
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