Trading recommendations: ARK, Augur(REP), Decred(DCR)
ARK Still Neutral in Short Term
I think, ARK will remain neutral and consolidate around 45k Sats in the short term. The market needs to make a sustained move above today’s high and above the 50-Day EMA in order to confirm whether the recent rebound off 45k is not just a corrective move of the downtrend from the January 25 high but rather the start of a bullish phase. The RSI is still in bearish territory below 50 and the coin is capped by the 100-Day EMA at 48k Sats.
https://www.tradingview.com/chart/ARKBTC/kimxPYBD-ARK-Still-Neutral-in-Short-Term/
Augur, Buying Opportunity Near the Support Zone
Augur(REP) token price is testing the 100-Day EMA. As can be seen from the chart, 100-Day EMA has acted as a strong support for REP token price. AUGUR's price has repeatedly bounced back after testing the 100-Day EMA in past. 100-Day moving average is likely to continue as a strong support for REP token. Currently Augur’s RSI of 34.3 that is near oversold territory, indicating that price is likely to fall at 5-10% in next few days. MACD divergence also indicates a bearish market for the token and 50-Day EMA is act as a resistance level, going forward.
All the above indicators points towards downward movement in Augur’s token price in the range of the support level from 42k to 52k. However, if the token price breaches the 50-Day EMA and remains above the average for next few days, then the 50-Day EMA will act as a strong support to Augur’s token price.
https://www.tradingview.com/chart/REPBTC/Y1ayhXB7-Augur-Buying-Opportunity-Near-the-Support-Zone/
Decred(DCR) Has Entered Resistance Area
Decred(DCR) price has tested the 20-Day EMA on more than three occasions in the past week, but it has not been able to go beyond the 20-Day EMA line. The coin price is again likely to test the 20-Day EMA today. Every time coin price fails to break the moving average line, it makes it a stronger resistance level.
However, now the coin has entered esistance zone and it is showing signs of losing momentum. So although DCR coin is in an uptrend, possibility of a bounce down from here can’t be ruled out. DCR has psychological resistance at 0.009 and above that at 0.0088, where a trendline from recent top can act as resistance. On the downside, 0.008 is the point of 50-Day EMA support line.
By the way, MACD line has crossed downwards through the average line which also indicates a bearish market for the coin.
https://www.tradingview.com/chart/DCRBTC/wdLDz8cb-Decred-DCR-Has-Entered-Resistance-Area/
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