REQBTC
Request Network Channel Trend (200% one month profit potential)Request is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper here: request.network
Request Network's floor was established November as .00000584 sats and reached .00006809 sats on it's New Year's bull run.
Request Network is displaying a classic channel trend with multiple points of support on the top and bottom channel. If it hits the average of the trend channel, fib level 1.272 (8502 sats) will be reached in T-minus one month with the continuation of the channel trend.
A shorter Look:
This recent correction and rebound has created a descending triangle pattern that also intersects fib level 0.786 (5477 sats). If this support level is not broken, we could see a temporary fall to fib level 0.618 with a rebound to a higher fib support. RSI is rising out of oversold area and the signal line is still above the MACD showing downward momentum.
Let me know what you think of my analysis,
Cheers!
Req/Btc Conservative Channel Trend (65% potential profit) Request is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper here:https://request.network/assets/pdf/request_whitepaper.pdf
Request Network's floor was established November as .0000584 sat and reached .0006809 sat on it's New Year's bull run.
Request Network is displaying a classic channel trend with multiple points of support on the top and bottom channel. If it hits the average of the trend channel, fib level 1.272 (.0008502 sat ) will be reached in T-minus one month with the continuation of the channel trend. This is a 65% potential profit increase if REQ was bought at the current price (0.0005555 sat).
A shorter Look:
This recent correction and rebound has created a descending triangle pattern that also intersects fib level 0.786 (.0005477 sat). If this support level is not broken, we could see a temporary fall to fib level 0.618 with a rebound to a higher fib support. RSI is rising out of oversold area and the signal line is still above the MACD showing downward momentum.
Let me know what you think of my analysis,
Cheers!
REQ/BTC Channel Trend (65% potential profit - one month)Request Network is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper here:https://request.network/assets/pdf/request_whitepaper.pdf
REQ's floor was established November as .00000584 sat and reached .00006809 sat on it's New Year's bull run.
Request Network is displaying a classic channel trend with multiple points of support on the top and bottom channel. If it hits the average of the trend channel, fib level 1.272 (8502 sat) will be conservatively reached in one month with the continuation of the channel trend. This is a 65% increase if you bought REQ at .00005530 sat.
A Shorter Look:
This recent correction and rebound has created a descending triangle pattern that also intersects fib level 0.786 (.00005477 sats -0.41% ). If this support level is not broken, we could see a temporary fall to fib level 0.618 with a rebound to a higher fib support. RSI is rising out of oversold area and the signal line is still above the MACD showing downward momentum.
Let me know what you think of my analysis,
Cheers!
REQBTC Expanding Flat 7-800% GainsUpdate to our previous REQBTC analysis, previously we had an ABCD retracement which has now turuned into an expanding flat and looks ready to go. This is the completion of Wave 1 and 2 and rwady to move into our largest 3rd wave for this first cycle. Trade still valid and running, no stop loss hit, target still valid.
Great long term investment which about to launch their main product and potentially compete with Paypal who holds a 90B Market Cap, huge potential for this product.
Request Network (REQ) OutlookGreetings Traders!
REQ is quite an ambitious project that could end up being the next PayPal.
Immediate support is at (1) which is the blue rectangle + 1H 200 EMA, a breach of this support level would send price down towards the next expected support level of intersected lower parallels at (2). Resistance is at upper parallel (3), a brake above this level would send price higher towards next expected upper parallel resistance.