Check out my analysis on the 4 hour chart!

Looks like the bears have been winning the battle for the last week or so, but the bulls might be starting to push back. Note, we are currently ranging between the S1 and S2 fibonacci pivot points. We are also approaching my support trend line (yellow) that can be traced back to December 15th. Unfortunately, the moving averages have crossed bearish and we are beneath the ichimoku cloud. But, we were able to find good support on the trend line the last two times this happened!

Maybe that will happen again?

If we are able to rebound on the trend line like we did twice in January, then we could see price continue higher to test the previous highs.

Check the daily chart...

This is a much more bullish chart in my opinion. We have only dipped below the 20 day moving average twice, since the 20 and 50 day moving average crossed bullish in December. We are also above the ichimoku cloud.

I am no financial wizard or advisor, but I believe if price can stay above the pivot point on the daily and above my support trend line, then we could retest the highs at 0.008 btc. A really good run would be to hit the 0.009btc R1 resistance level.

If you find my analysis useful, then please follow my page and ask questions or leave comments. I would be more than happy to assist with ANY questions or concerns that you have.

LEGAL DISCLAIMER
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Also, I do not own any AUGUR, but am VERY interested in the project/platform. Very cool idea.