REQUEST NETWORK (REQUSDT) bottom and new volume 📖🚀Hello 🐋
Based on the chart after a long time, correction to the downside the price breaks the descending wedge and the green trend line to the upside and shape the cup and handle pattern
if
the price doesn't break the support level to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
if
the price breaks the range area to the upside, we will see more gain 📖🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Requestedanalysis
$SKLZ - Requested Analysis - I hold no position$SKLZ - Requested Analysis
Ok, @pridefulRider62005, so this is a newer stock and I usually like to see more technicals, but I’ll do the best I can… The All time lows are at 9.81, which I noticed was just tested and it bounced up and off of it… but it looks like it might test it again…
If it breaks below that then there is really no support down there…
If you don’t have a position at the moment, I would wait until the trend reverses… But if you do, then ideally what you want to see is from here to get above the 50 EMA, and if that holds, then to get above the 180 EMA and from there you can stay in the trade for as long as the macD stays above 0…. (Right now it’s below zero and SKLZ will stay bearish for as long as the MacD is UNDER the 0 centerline)
I hope this helps…