AUGUR Price Prediction Today: Daily (REP) Value Forecast – June 19
- The bears’ energy is now seemingly getting a reduction in the REP/USD market.
- The bulls may potentially regain their stance in the REP/USD market while a spike emerges around the Bollinger Lower Band trend-line.
REP/USD Medium-term Trend: Ranging
- Distribution territories: $20, $21, $22
- Accumulation territories: $16, $15, $14
Notably, during a range trading sessions on June 17, the REP/USD market suddenly spiked up to the north. That price action saw through a line of distribution territories up to breaking past $21 mark briefly in the process.
But the market’s upswing action was in no time reverted to its ranging trend in the course. The trading indicators are now lying flatly around $19 and $18 horizontal price lines to serve as the present range zones. The Stochastic Oscillators have dipped into the oversold zone to deeply consolidate within it.
The bears’ energy is now seemingly getting a reduction as there can only be a room for range market movements below or around its 50-day SMA trading indicator. Therefore, the bulls may thereafter take up the advantage to muster up a catalyst to eventually back their upswing move in the market.
REP/USD Short-term Trend: Ranging
There have been very slow market operations in the REP/USD market today in the short-term run. Yesterday’s sessions also witnessed a chain of ranging movements.
But, along the line of the fluctuating price, the market witnessed a bullish candlestick formed shooting up a bit above $19 mark, and a bit bottomed over $18 point of the market. The 50-day SMA is located over the Bollinger Middle Band. And, the indicators are all trending east direction. The Stochastic Oscillators now consolidate around ranges 40 and 20.
Indications still show that this market hasn’t been able to recover from downward pressures especially while most of the time try to surge northwards. Therefore, that’s clear signal against joining the market at a break of its upper range mark lately to the north.
Live Augur (REP) Price:
1 REP/USD =$20.9344 change ~ 3.98%
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