REP/USD Attempts To Break Above Ichimoku
Kiana Danial | Jan 15, 2019 09:29PM ET
From a technical point, the forecast also looks partly sunny. Looking at Augur’s REP price action versus the USD, the REP/USD pair is attempting to break above a very important price level, on the upper band of the daily Ichimoku Cloud.
The Ichimoku cloud is an indicator that helps you understand the crowd sentiment and we use it as an indication for where the price could head in the future. REP/USD has been trading under the cloud since last May.
A break above the cloud could open doors for sunny days, and help REP reach the 50% Fibonacci retracement level of $34. The longer-term resistance sits at $51.
Of course, you need to only invest the money you can afford to lose in the volatile crypto markets and make your purchases proportionate to your risk tolerance.
/h3
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