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Elliott Wave Analysis REPUSD Elliott Wave Analysis REPUSD Details on the chart

🆓Augur (REP) Apr-22 #REP $REP REP is quite strong at 14$ and it has not shown any flash pump since February, which shows that REP is still in the accumulation phase. In the near future, REP may have strong flash pumps to the areas of $20 and $24. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 14$ zone 🔴Buy : 14 🔴Sell : 17 - 20 - 24 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 14$ zone 🔵Sell : 14 🔵Buy : 12 - 10.5 ❓Details 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section

REP/USDT Buy ✅ What is REP? Augur (REP) is meant to harness the wisdom of the crowd through prediction markets on a protocol owned and operated by holders of the Ethereum-based Reputation token. In these markets users are said to be able to bet on the outcomes of events such as company performance, election results or even natural phenomena by purchasing shares that would either support or refute the proposed outcomes of such specified events. By design, the user-created markets could return fees to market participants while automating payouts using software meant to be fair, open to all, and completely decentralized.

🔝 REPUSD 💥 Augur is a software aiming to incentivize a global network of computers to maintain a prediction market platform on top of Ethereum (ETH). A prediction market is not unlike an exchange, except instead of trading assets, users wager on the outcome of events. With Augur, users can create and exchange “shares” representing a portion of the value of outcomes, without trusting a company to make or oversee these markets. The software itself maintains an order book for each market created, and there’s no limitation on what events can be traded, meaning markets may be created to help predict the outcome of everything from election results to the weather. As with any wagering system, when users predict an outcome correctly, they are rewarded. If they do not, they lose the capital they bid. The idea is market participants gain value by helping outside observers leverage crowdsourced knowledge to gather global data points. If and when users predict outcomes correctly, they are then rewarded with REP, the crypto asset that powers the Augur network. REP itself can be used to create a prediction market, dispute an outcome of a known result or purchase participation tokens. Users can also obtain REP by purchasing it from exchanges, reporting on a bet outcome or being on the correct side of an outcome dispute. Still, traders don’t even need to own or use REP to bet on the platform. Rather, its primary purpose is for users wishing to participate in the event outcome reporting process.

REPUSD Trendline Experienced one full bull cycle and one complete bear cycle, price is now beginning its second bullish cycle on the weekly timeframe Augur is listed on the official Ethereum website.