Requestnetwork
REQUEST NETWORK: an undervalued projectThis company got as high as 675 Million USD during the last bull run (today its 1/20 of that) - so it is down 98% from ATH.
It has a very interesting use case: "Pay & Get Paid in Cryptocurrencies - From simple payment requests to fully compliant digital currency invoices. Request helps you to get paid in crypto while providing full control over your financial data."
Moreover I find the setup very interesting from a TA setup ... and have the feeling that this company is all but dead (as some people on social media are suggesting).
I was willing to risk a small amount of capital when I saw it collapse (in Bitcoin terms) at the beginning of the year 2021 (I entered at 80 satoshi - now it is 112).
Today I am already up 70% in USD and 40% in Bitcoin terms.
However I think that the project is still deeply undervalued.
I think things will heat up when price crosses 122 satoshi level !!
Not financial advice but me personally am thinking to add to my position in the following days.
Let's see how this works out !
✳️Request Network/BTC (5/12) View + Trading Plan #REQ $REQREQ has gone sideways for nearly a month without major changes and it is almost time to decide the next trend of REQ.
Buying REQ at this time is still quite risky as it can still fall to the 100sts zone, so we shouldn't buy too much. The most important resistance zone of REQ is the 180-190sts zone
📈BUY- LONG
-Buy: 120-130sts if A.SL if B
📉SELL-SHORT
-Sell: 180-190sts if B.SL if A
-Sell: 250-260sts if B.SL if A
-Sell: 340-355sts if B.SL if A
♻️BACK-UP
-Sell: 120-130sts if B.SL if A
-Buy: 90-100sts.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Request Network | There Is Always A Second Chance (Explained!)You will understand now why it is always wise to wait...
Not to rush but instead, be calm and patient.
Because when one opportunity is gone, another one definitely shows up...
Putting it in a different way... " There is always a second chance ".
Notice here on the REQBTC chart the 10/11 Nov. bullish move, marked green, it was really strong.
After hitting a low, you would be thinking, "OMG it is too late for me, this opportunity is gone".
But that is not true at all...
We can see a clear correction/retrace that ended up in a higher low.
Now we get a second chance before the next price jump.
This also shows the importance of setting your sell orders on target beforehand, because just as prices can go up fast, they can also drop strong.
Now... This is the second chance...
But there will be many, many more.
Thanks a lot for your support.
Namaste.
Request Network Will Resume Growing After Higher LowHere we have another altcoin pair that has been on a strong correction yet continues to be bullish.
We have a higher low compared to early Sept. 2019, when the All-Time Low for REQBTC was hit.
When we look at the MACD, we have hidden bullish divergence.
This is the continuation signal we are getting from the altcoins that are starting to/will bounce strong.
The 0.786 Fib. retracement support level has been activated which is another signal in favor of the bulls.
Namaste.
[REQBTC] Easy +30% in the next days ?Everything is on the chart.
Nice falling wedge since July (!) with some bullish signs on RSI and MACD, even though volume is still extremely low.
Risky but it might be worth to keep an eye on this one in the next 7-10 days.
This is not an investment advice, just sharing my thoughts.
Good luck!
REQ/BTC IDEAREQ has been on an absolute tear since bottoming out in March at around 100 sats, this has been very much under the radar as well.
Just had a huge push to a major daily and weekly resistance level at around 550 sats and is now pulling back.
I would look for an entry around 350 on the retest of a major resistance, looking to turn it in to support and push back up.
REQ - nice long base setupLooks boring for so long right? But also has not been declining. Resisting for while, but also support. Accumulation pattern. Creeping up now. Low volume, so when it breaks up it will be fast. One to have an alert on or even a trigger buy. Those are weekly candles tho, so a "longer/slower" timeframe before testing another breakout is possible. If soon is priority, this may not be best. But if more certainty and risk/reward is the goal, looks great.
Request Network Trade Signal [REQBTC](72%)On the 23-Jan. we shared a chart for Request Network (REQBTC), you can find it below... Today I bring you this trade signal... Wishing you great success, wealth and profits.
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PAIR: Request Network | REQBTC
ENTRY: 0.00000125 - 0.00000145
TARGET:
(1) 0.00000180
(2) 0.00000200
(3) 0.00000215
(4) 0.00000250
PROFITS POTENTIAL: 72%
STOP: Close daily below 0.00000120.
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This is not financial advice.
Thanks a lot for reading.
Namaste.
Request Network Strong Signal, Easy 60%+The same old pattern is now true for Request Network (REQBTC), a very strong signal is now in-play... Let's take a look at it.
Back in early September 2019, a low was hit for REQBTC. Soon after prices start to move up and we saw a break of EMA10 with good volume and a challenge of EMA50... After this a 150%+ bullish wave followed.
Today we have a very strong bullish candle that broke above EMA10 on really high volume. EMA50 was also challenged pending today's candle close to see if this level will be conquered or not. Regardless, the signal is now in and we can consider REQBTC's retrace to be over as long as prices remain trading above EMA10.
If EMA10 holds, you can see the next target marked on the chart.
We are bullish on this pair...
Previous analysis | Request Network Is Already Above Resistance | 30 or 50% Next?
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Request Network Is Bouncing | Can Do 60% or More Long-TermRequest Network (REQBTC) is showing multiple signals that are telling us that this retrace is over... Want to take a look at those with me?
Yes! ... Let's get started!
Request Network (REQBTC) Chart Analysis by Alan Masters
Here we have a very strong bullish wave for REQBTC that started after a low was hit on early September, needless to say, we caught this wave in full... See it here:
Now, after a strong move there is always a retrace, but how far can the retrace go?
Will it end when it hits the .382 Fib. retracement support? Or will it be at .618 or even .786 which is stronger?
It really depends on the altcoin, the market cycle, the strength of the wave that preceded it, and the signals coming from the charts to name a few...
The signals for REQBTC are telling me that this might be it, let's get to those now!
MA200 is a great and strong indicator for cryptocurrency/altcoins, especially when used on the daily timeframe. Here we can see that MA200 is being challenged on high volume. This signal is only confirmed after the daily candle closes.
The .618 Fib. retracement support has been activated.
Strong bounce with high volume and a break above the earlier mentioned resistances.
Uptrend confirmed (higher lows).
MACD bullish crossover.
Bullish STOCH and RSI.
We can find more bullish signals that's for sure, but that is not necessary... The goal is to have an idea of what will happen next so that we can prepare to take action.
Here the charts are telling me that REQBTC will now try and move up, so if I buy, I set up my sell orders on target (before-hand) and have a stop-loss in place in case the trade goes wrong.
So it doesn't matter what happens with the signals, if they are weak or strong, we are always ready and prepared regardless of where the prices go.
This is Alan Masters...
I Love You!
Happy New Year!
Thanks a lot for your continued support.
Namaste.
Request Network Has More To Give Request Network (REQBTC) continues to grow now hitting our 2.272 Fib target... This altcoin pair can continue to grow, we can see strong volume coming in with bullish indicators.
Take a look at this chart:
You can see that we have been tracking this move from the start... More to come.
Namaste.
Request Network Goes For Action Again | Altcoins ProfitsOur last chart for REQBTC generated us over 66% of gains... Take a look at it here:
Now, the chart above can be a bit tricky to read since anything can happen. The chart here is neither bearish or bullish, any scenario can easily develop from this chart... Now, it surely has bullish tendencies and a new uptrend has been confirmed with higher highs and higher lows.
So we go with the bulls unless the trend changes.
Request Network can go higher.
This is not financial advice.
Namaste.
Request Network (REQ) - 1:8 Trade @coinselorAs it is the theme with most micro caps I've analyzed, we see a long-term rounding bottom and a significant breakout. In this case it was a 90-day breakout. Trying to snipe a buy near the red line will give a very likely 1:3+ trade. If willing to hold for a longer period, a 1 to 8 risk-reward ratio can be achieved.
HUOBI:REQBTC
Market Cap:
$10,710,885 USD
1,284 BTC
Request Network Is Already Above Resistance | 30 or 50% Next?Request Network (REQBTC) moved above resistance recently (purple) and is looking to make its next move.
Here we have a bullish chart with multiple bullish scenarios.
1) First, there is a good possibility for REQBTC to continue moving straight up if it does an impulse move like other Binance pairs are doing.
2) It can consolidate sideways before moving up.
3) Red. It can break below support (the resistance that was recently broken) to then try again and move up.
Whichever scenario comes to pass, the bulls are now in control.
Our trade for REQBTC is at 36%+ of profits... More will come.
Thanks a lot for reading.
Namaste.
REQBTC has formed CRAB | Upto 537% potential tradeThe Request Network / Bitcoin Cryptocurrency has formed a bullish crab pattern.
The priceline has entered in potential reversal zone.
The MACD is already weak bullish.
The stochastic is oversold.
We have pivot 1st support beneath the potential reversal zone and the price action can move up to hit the sell targets soon at any time insha Allah.
The targets are:
Buy between: 0.00000252 to 0.00000003
Sell between: 0.00000445 to 0.00000912
Regards,
Atif Akbar (moon333)