For this price analysis, we're going to start on the daily resolution. We'll also be using Kraken's USD markets as our frame of reference for the price. Augur Price Analysis In the chart below, we can see a **strong** underlying diagonal uptrend support that's been carying the price for a weeks (at least). Earlier this morning at EDT, KRAKEN:XMRXBT bounced off of a flat support line at around XBT driven by a quick reduction in the bitcoin/fiat exchange rate. While the exchange rate of bitcoin to fiat is declining presently, the upcoming halving is still around eight days away (as of this current moment). BTC has been following a pretty clear H&S pattern on the USD/BTC pair. Its a little less clear on the CDN chart due to lower volumes. One of the challenges in trading CAD/BTC is having enough volume to execute your trades. I haven't seen much CAD analysis - give me a like if you care about CAD.
Btc usd kraken tradingviewREPUSD Charts and Quotes — TradingView
It's very oversold. What's next?? Augur bounced above historical resistance only to quickly retrace. Potential now as it retests a few important levels this week. Worth keeping an eye for a move due to it's current low Market Cap. If it falls through this setup it could create a good buy opportunity. New to the program and look forward to understanding these chart in order to perform technical analysis and identify trends without relying on others. For this price analysis, we're going to start on the daily resolution.
We'll also be using Kraken's USD markets as our frame of reference for the price. A chart for Augur and monthly chart for REP On augur it can be seen a bull flag is forming comparable to the one seen before a large upward move. On rep the "three white soldiers" pattern can be observed suggesting a strong transition to a bull market out of the symmetrical triangle.
I'm hoping that it will go up, it has been rejected from It can be seen that XTZ is extended way beyond the Gaussian channel on the monthly chart Meanwhile REP can be seen to be sitting directly in the middle of the channel, which I consider healthy. This is the monthly chart, momentum may carry XTZ. But I wouldn't be going long. Key levels to watch for trend strength determination.
Grey "Decision Zone" is likely to orbited a few times. Ideally bulls get past "Strong Resistance" from here. Keep an eye on BTC in other currencies, by multiplying with exchange rate. August 11 its all here its all here on the chart. Expected a few more lows before this turns around. Support and resistance are identified The green areas are Target Blue areas are important and strong Time range specified The price is within the pattern. Just look at the BTC's fluctuations since June 14th until today.
Well, in my opinion, that's about ending soon! This chart shows in the first week of September, BTC should choose whether to start a new bull run, or complete No fancy analysis here, just a general observation of the strong support zones cryptos have been unable to break down in recent months. Other BTC charts have a similar look. Many if you probably bought some BTC between and - its been banding between these prices for a large part of the pattern. This is not a bad long position price.
If you have been patiently waiting for Its a little less clear on the CDN chart due to lower volumes. BTC is set to slide to around the Videos only. We should be able to run until the Pushing up.