REQ reached its all time high back in January, almost like every other altcoin. After retracing for 6 long months, it bounced when it hit oversold on the RSI, with other positive signals, and it is now ready to try something different. It is now ready for another push up.
This is a low risk trade, because we are very close to the bottom and we are going to be using a ~10% stop loss, with potential profits as highs as 300% and more.
Request Network (REQ) Trade Analysis by Alan Masters
CHARTS, SIGNALS & INDICATORS
- As I just mentioned, REQ just bounced from oversold on the RSI daily time frame. - The TD Sequential gave out a buy signal. - MACD bullish crossover as well as bullish divergence. - DMI & STOCH now trending upwards, looking to enter the bullish zone. - Plenty of room available for growth based on the weekly time frame chart. Overall chart structure allows for plenty of room for growth. - Bottom of the Bollinger bands on the weekly and daily time frames. - Relatively low volume, allows for plenty of room for growth. - Short term time frames (2h, 4h, 8h and 12h) showing many bullish signals.
REQ UPCOMING EVENTS -> 30 June 2018 (or earlier). Stonehenge Releases Privacy proof of concept, currency management, request & transparency project and institutional payment request discussion groups by Q2 end. -> 30 September 2018 (or earlier). Colosseum Releases By end of Q3 2018, release escrow tax, down payment, and late fees extensions, as well as a reputation offchain layer. -> 31 December 2018 (or earlier). Q4 Releases. Deploy governance system, launch "Internet of Things" framework project, deploy inter-currency settlement, and launch "Continuous Payment".
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