• The short and medium-term outlook is in the downtrend.
• Selling at the key areas with bearish candlesticks pattern may be considered.

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 bulls successfully broke $19.00 in the upper supply area of the range on 26th June. The coin was up at $20.08 in the supply area but lost momentum as the bears pushed price down to $19.00 in the demand area breaking the lower demand area at $17.50. REPUSD fell to $15.08 as the bears lost momentum.

$20.09 was yesterday high as the bulls stage a returned, but closed with a wick an indication of exhaustion. The bears returned and dropped the coin to $15.82.

With the tweezer bottom formed as the market opens today at $16.64, the bulls returned briefly with a push of price up to $17.47.

Price is below the two EMAs and the stochastic oscillator signal points down at 33% an indication of downward continuation in the cryptocurrency in the medium-term.

REP/USD Short-term Trend: Bearish

The bears still held on to the market despite a bullish opening at $16.71. REPUSD dropped to $15.75 in the demand area before the formation of a bullish hammer, a trend reversal signal that returns the bulls.

The resistance at the 50-EMA was not broken as the bulls lost momentum at $17.21.
This area is the e38.2 fib area a trend continuation zone. It suggests that the bears may return to continue the downward push of the coin.

The previous low at $15.75 may be retested and broken as the journey down south continues 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.