ANGUR Price Prediction Today: Daily (REP) Value Forecast – June 7
- The short and medium-term outlook is in a bullish trend.
- Traders may look to buy at the pullback areas with bullish reversal candles.
REP/USD Medium-term Trend: Bullish
Supply zone: $20.00, $22.00, $24.00
Demand zone: $10.00, $9.8.0, $9.60
ANGUR is in a bullish trend in the medium-term outlook. The bears held control of the market from 2nd June with a drop at $16.67 in the demand area on 4th June. A retest at $16.67 occurred yesterday before the end of the session. This formed a double with a bullish engulfing candle as price rose to $17.64 in the supply area.
The bulls remained in control as the market opens today at $17.59. REPUSD rose to $18.34 in the supply area as the journey north continues.
The stochastic oscillator signal point sup at 66% and price is between the two EMAs, thus a continuation in upward price movement in the medium-term with $19.00 in the supply area as an initial target.
REP/USD Short-term Trend: Bullish
The break of the two EMAs by today’s 1-hour opening candle at $17.19 largely confirm the bulls takeover of the market. REPUSD rose to $18.02 in the supply area. increased bullish momentum pushed price further up to $18.34.
Price is above the EMAs crossover and the stochastic oscillator is up in the overbought region. These suggest an upward momentum in price with more candles opened and closed above the two EMAs in the short-term.
$18.60 in the supply area is on the horizon before the end of the session.
Live Augur (REP) Price:
1 REP/USD =$24.2840 change ~ -5.90%
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