📈 Daily TA: Augur (REP/USD) | 05-10-2021

1 Min Read
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Hodl, dear members of LeoFinance!

Today I would like to show you something interesting on the price chart of Augur.

In the weekly chart (1W), REP/USD has started forming a sequence of ascending local lows or an Ascending line:
05.10.2021 REPUSD 1.jpg
This is a small initial bullish signal pointing to a potential beginning of an uptrend.

Moreover, in the daily chart (1D), REP/USD formed a Triple Bottom (common trend reversal pattern) during the Bear market.
05.10.2021 REPUSD 2.jpg
As can be seen from the chart, right now, the price is consolidating at the neckline. If the price starts to increase then the bullish signal from the Triple Bottom will receive confirmation. And, this may mark the beginning of the long-awaited uptrend.

To be continued ...

As of the time of writing, one REP costs $24,95 on the Coinbase crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.


Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

Check @crypto-guides to learn about the essentials of the major cryptocurrencies.

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