AUGUR Price Prediction Today: Daily (REP) Value Forecast – July 10
- On July 9, a 4-hour candlestick emerged to spike up the REP/USD market out of a range trading zone.
- Traders must be wary of $15.50 price territory of the REP/USD market if it’s ever broken southwards afterward.
REP/USD Medium-term Trend: Bullish
- Distribution territories: $18, $19, $20
- Accumulation territories: $13, $12, $11
Between July 6 and until the third form of a 4-hour candlestick on July 9, the REP/USD market moved in a range around $15 mark. The fourth 4-hour candlestick that emerged spiked up the price to the north as it nearly touched a high value of $18 point.
Currently, the market is facing a retracement around $17 price territory. The Bollinger Middle band is a bit located over the 50-day SMA at around $15 point. The Stochastic Oscillators have crossed the hairs to briefly point to the north.
The REP/USD market’s path to the north appears to be maintained until the subsequent active price actions of this crypto-trade. The bears may only have an advantage embedded in the market’ retracement sessions.
REP/USD Short-term Trend: Bullish
The US dollar price had initially overwhelmed the market valuation of REP in the short-term run before setting a new bullish trend of the market as at the time of writing today. The crypto has been pushing slowly in a recovery bid moving mode to the north near $17 point. Yesterday, the crypto-market featured a bullish trend as it slightly broke past a high point at $17.50.
All the trading indicators still point to the north direction to suggest that bullish market is taking the lead presently. The Stochastic Oscillators have crossed the hairs to point to the north.
It’s now apparent that the bulls may continue to have a better buying spree at the expense of the bears’ weaknesses in the market. However, $15.50 price territory of the market must be wary of if it’s ever broken southwards afterward.
Live Augur (REP) Price:
1 REP/USD =$41.9314 change ~ 1.95%
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