Could REP/EUR push through the trendline?
As REP/EUR broke through the 15.05 line, this could possibly stimulate an uptrend movement. Also the MACD shows a sign of changing direction into upwards movement. However, we should take note that there was a descending triangle pattern in place which could still occur if REP will fall back into 14 levels.
For the upward movement, expect strong resistance at 18.95. Safer buy would be around 16 level.
For downward trend, expect strong resistance at 13.9 level with a possible fall-back until 12.2.
Note 1: with the second BTC fork coming up in November, be careful with trading trends since it is unpredictable.
Note 2: This is my first post, constructive feedback and comments are very welcome!
For the upward movement, expect strong resistance at 18.95. Safer buy would be around 16 level.
For downward trend, expect strong resistance at 13.9 level with a possible fall-back until 12.2.
Note 1: with the second BTC fork coming up in November, be careful with trading trends since it is unpredictable.
Note 2: This is my first post, constructive feedback and comments are very welcome!
Note
I'm sorry for the percentages, saw it to late. Changed it to numbers for the next publish.Note
REP broke down the 15 level again. It is probably gonna test the strong resistance line again. If the descending triangle breaks downwards. Expect a bigger fall down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.