A inverted descending scallop has formed on Augur, a breakout has already occurred within the downward channel. I doubt this will break the channel but it has bullish potential.
Technical analysis: . Augur/BinanceCoin is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. . The RSI downtrend is broken, so the probability of the...
Technical analysis: . Augur/BinanceCoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . AUGUR/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.380 to 1.200). if so, traders can set orders based on Price Action and...
Technical analysis: . AUGUR/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.380 to 1.200). if so, traders can set orders based on Price Action and...