AUGUR Price Prediction Today: Daily (REP) Value Forecast – July 17
- REP/USD market has fallen to trade around a low value of $10 mark.
- A breakout of the SMA indicator to the north may suggest an invalidation of further bearish market entry.
REP/USD Medium-term Trend: Bearish
- Distribution territories: $15, $16, $17
- Accumulation territories: $8, $7, $6
REP/USD trade has heavily been under a falling force about a couple of trading days. The Crypto’s medium-term trading chart shows that price has been dropping under the trend-lines of SMA indicator and the Bollinger Middle Band.
The market has now been trading at a low market value of around $10. The 50-day SMA is located over the Bollinger Middle Band with a small space within them. The Stochastic Oscillators move deeply in a consolidation mode in the oversold zone.
The downward pressure of this crypto-trade will maintain in its current consolidation moving manner along with the trend-line of the Bollinger Lower Band. Therefore, the bulls making a stable rebound at now appears not genuine.
REP/USD Short-term Trend: Ranging
The REP/USD market has now been trading in a range moving style around $10 and $11 points today. Yesterday, the pair witnessed a sharp decline in its market valuation. All the trend-lines of the Bollinger Bands are now underneath the 50-day SMA indicator. The Stochastic Oscillators have crossed between ranges of 60 and 40 to point to the south.
Like in the latest consolidation moving mode around $13 and $12.50 marks, the pair may be eventually held down from its current zones of $11 and $10.50 points to the tune of a low value around $9 or $8.50 mark. But, a breakout of the SMA indicator to the north may suggest an invalidation of looking for a further bearish market.
Live Augur (REP) Price:
1 REP/USD =$30.8757 change ~ 1.23%
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