THELOGICALINDIAN - Augur is beneath shortterm burden but its accepted angle charcoal bullish for the mediumterm
Augur / USD Short-term amount analysis
Augur has a bearish concise outlook, with the cryptocurrency now trading beneath its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy shows an astern arch and amateur pattern, with REP / USD buyers again declining to move amount aloft the neckline of the bullish pattern.
Technical indicators on the four-hour time anatomy are starting to about-face lower alongside the contempo abatement in the REP / USD pair.
Pattern Watch
Traders should agenda that the August 2024 account aerial is the upside ambition of the astern arch and amateur arrangement on the four-hour time frame.
Relative Strength Index
The RSI indicator on the four-hour time anatomy has angry bearish as downside pressures increase.
MACD Indicator
The MACD indicator has angry bearish on the four-hour time anatomy and is starting to affair a advertise signal.
Augur / USD Medium-term amount analysis
Augur has a bullish medium-term trading bias, with the REP / USD brace still trading able-bodied aloft its 200-day affective boilerplate on the four-hour time frame.
The circadian time anatomy continues to appearance a ample astern arch and amateur pattern, with the REP / USD brace accumulation about the neckline of the bullish pattern.
Technical indicators on the circadian time anatomy accept angry bearish and are currently breeding a advertise signal.
Pattern Watch
Traders should agenda that the July 23rd, 2024 swing-high is the all-embracing upside ambition of the astern arch and amateur arrangement on the circadian time frame.
Relative Strength Index
The RSI indicator on the circadian time anatomy is trending lower as downside pressures increase.
MACD Indicator
The MACD indicator on the circadian time anatomy has angry bearish and is breeding a advertise signal.
Conclusion
Augur may alpha to alluvion lower in the concise afterwards falling beneath key abstruse abutment on the four-hour time frame.
Continued abortion to beat trendline attrition on the circadian time anatomy may alpha to counterbalance on the REP / USD pair, although the all-embracing medium-term trend is resoundingly bullish.
Check out our coin guide for Augur’s decentralized anticipation platform.
