REQ/BTC - Symmetrical Triangle continuation of bullish trend
Updated
REQ is currently correcting in a symmetrical triangle and is near the apex. The symmetrical triangle is a continuation of the previous pattern, which was an uptrend, so it is likely that the price will continue to rise. Buy when breakout is confirmed.
Targets at resistance levels:
0.00004445
0.00004600
0.00004844
0.00004921
Targets at resistance levels:
0.00004445
0.00004600
0.00004844
0.00004921
Note
The price broke below the symmetrical triangle drawn above. It appears that the price will either 1) consolidate further sideways for a bit in a longer symmetrical triangle, or 2) form a bearish descending triangle where the support line is around 0.00004100 BTC.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.