REQ/BTC 10% + profit trade
Updated
REQ/BTC has formed a simple Zig Zag a-c continuation of the trend as outlined my Mr. R.N Elliot , this specifies that we proceed through a falling wedge on an a-c correction , before continuing the trend the length of the wedge itself , we are aiming for three specific targets and the Fundamental analysis of Req lies within the fact it was the fastest growing sub reddit for some time , now for the targets Target 1 :2928 sats Target 2: 3020 sats Target 3: 3100 sats , our advice from our team is to not specifically aim for the third target that is at your own risk we advise you to take a safe comfy profit of 10 % at target one and target 2 is actually the length of the technical analysis we like to "underbid" our targets to ensure safe exits . the safest buy zone is actually the current price of 2636 sats however we are expecting a btc dip down to a few hundred points before it resumes the uptrend please keep in mind this call may dip a tad before preforming surpurbly upon any sidways action of BTC itself for the safest entry period watch this period closely and buy around the upper purple line of the Bollinger Band outlined by the arrow , this ensures BTC will not cause this to dip at all at this point and you can still expect 5%+ in profits , for those playing the trade now rest assured on sideways action of btc it will follow through as expected
Note
extension of the falling wedge
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.