Double top formation on 4 hour chart
Strong resistance at 21.50$ price range
Retest 19.50/80$ 16.75$ 14.88$(bottom)
MACD and Stoch (4 hour chart) are flatline indicating price consolidation pattern before breakout...
Stoch confirms double bottom 7/11 - 7/16 for 14.88$ price action
And in the short term the next few days, probably 'bloody monday,' the prospect is bearish
Three pump, with failure to create a new high.
Set stop loss at 23$ per 7/13/2017 shooting star
Then go long 14.88 as triple bottom should confirm reversal retest all time high
Looks as if REP is a laggard in the crypto markets,
As across the board, many cryptos have negative to positive reversal trend inflection per Stoch around 7/20-7/21-2017 date.
REP has yet to inflect, therefore the assumption is retest the bottom 14.88$, lure buyers, and then rocket up!
This is a short term trade to go long for the exponential inflows and or FOMO (fear of missing out) into crypto space
after August 1st BTC activation
Any takers?!
Profit Trading~
Strong resistance at 21.50$ price range
Retest 19.50/80$ 16.75$ 14.88$(bottom)
MACD and Stoch (4 hour chart) are flatline indicating price consolidation pattern before breakout...
Stoch confirms double bottom 7/11 - 7/16 for 14.88$ price action
And in the short term the next few days, probably 'bloody monday,' the prospect is bearish
Three pump, with failure to create a new high.
Set stop loss at 23$ per 7/13/2017 shooting star
Then go long 14.88 as triple bottom should confirm reversal retest all time high
Looks as if REP is a laggard in the crypto markets,
As across the board, many cryptos have negative to positive reversal trend inflection per Stoch around 7/20-7/21-2017 date.
REP has yet to inflect, therefore the assumption is retest the bottom 14.88$, lure buyers, and then rocket up!
This is a short term trade to go long for the exponential inflows and or FOMO (fear of missing out) into crypto space
after August 1st BTC activation
Any takers?!
Profit Trading~