Requestnetwork
RequestNetwork VS Bitcoin RangeRequest Network recently rejected the resistance at 3650 satoshis and continues to trade downwards within the descending channel. However, REQ/BTC has produced a double bottom at 2525 satoshis, which could suggest that the price has bottomed out or very close to the bottom.
The fact is that the 61.8% Fibonacci support at 2900 satoshis hasn't been broken as the daily close was above that price. Currently, Request Network is trading at this support level and next move will determine the short-term price action.
Break and close below the 2900 satoshis should push price further down towards 2300 satoshis, that is 227.2% Fibonacci retracement level applied to the corrective wave up after breaking the 3650 support level. While if it manages to hold current support, REQ/BTC could start rising towards 3650 resistance. It seems like now is a waiting time, because, in order to establish the long-term uptrend, 3650 resistance must be broken.
REQ-LONGYou can see that the fib lines are holding good supports and the pitchfork has set some good outlines for were the coin should travel. Im thinking the it should hit the 1 to 1 extension the come down near where wave one ended and then hit the 1.68. the coin has a great idea and i beleive we may be in a bull makret for cyrptos.
REQBTCRequest Network Break out resistance line of falling wedge. Looking for fibonacci levels
BIG NEWS
MRequest Great Wall: Q1 2018
- The first iteration of Request working with Ethereum on Main Net
- Deploy management of crypto-currencies to Request (ERC20 tokens…)
- Working on partnerships with Accounting, Payment and Audit firms
- Launching the "Pay with Request" project: an online button which will offer an alternative to the traditional "Pay with Paypal" and "Pay with credit card" methods
- Outside audits of the Request Contracts
- Proof of concept: Request Core working with a Bitcoin Oracle
See you soon for the mainnet release! On March 30th, we’ll give the last update of the first quarter of 2018 and start our journey towards Request Stonehenge!
Potential REQ short term paths1d linear chart REQ/BTC Binance
EMAs: 20, 50, 200
Indicators: RSI, MACD, 3 EMAs, Fib, TD Sequential, Volume
What are your thoughts?
REQ/BTC 10% + profit tradeREQ/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
Another trading opportunity on REQBTC to buy. Be ready!Technical analysis:
.REQUEST-NETWORK/BITCOIN is in a Down Trend and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance. as long as bullish exit in daily chart or daily RSI is not occurred, The uptrend will not begin.
.The RSI is at 39.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy zone (0.000026 to 0.000020), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.000026)
.Ending of entry zone (0.000020)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
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Req need to be bounce up from 29-27 sats to 60 sats Very enough project team and good support point. Target 60sats insallah
$REQ playIm accumulating $REQ, Request network as I think first of all the tech is great with a real usecase that could exist even after a crypto bubble pop, which you can research yourself, second the chart looks great. My targets are on the chart.
*Disclaimer: I am an analyst, not a financial advisor and this is not investment advice. What you do with this information is up to you*
REQ / REQUEST NETWORK Very promising project , has 30k members at reddit.
"There is a good chance of mainnet launch in under 40 days (q1 2018)" - so when launch will be confirmed buy orders will intensify.
We are trying to get this coin at good price and swing trade or simply sell the top later (30-45 days).
Very readable chart , correction is almost over. It may dip slightly (depending on BTC santiment) however as always - you have to be careful and buy slowly , by portion, several days in a row if you can't be there to time the bottom for the best price.
Request Network #REQBTC - a bullish pennant is forming?RequestNetwork cryptocurrency looks like a typical PUMP and DUMP scheme, but there is a possible bullish pennant forming. No rally until the golden trend line is violated tough. Please watch the levels of 3970 and 4529.
Don't ask why, just buy.This is an experiment. If it moons accordingly, I'm a psychic.
One small step for Req, and a giant increase for portfolios.
What does this REQ look like to you?It looks like a spike waiting to happen to me.
I could be wrong.
REQ - Daytrading - Buy in RED ZONE [RISKY]High risk of pump (40% chance due update of REQ)
60% of dump in the lapse for tomorrow (You trade in this lapse)
GREEN NOTE: You can SELL or HODL or MORE DAYTRADING...
REQ at long-term supportAll,
REQ is currently at it's long-term technical support levels, as shown by the ascending trendline. Furthermore, it's short-term downtrend line will cross the long-term uptrend line in a matter of days. This means that a significant decision point is coming for REQ, and it's definitely a position you're going to want to keep a close eye on.
In order for a long entry to be technically sound, look for any break above the descending trendline on volume. This will indicate another massive bull run is coming. Given the last bull run and current price action, it's not unreasonable to expect a possible 40% profit on this trade in BTC value. Considering BTC is also currently in an upswing (likely until 14-15K) this could compound into a much larger dollar gain value.
I am not advising entry YET . Wait for volume to pick up on a bullish move. However, I am expecting this move to come relatively soon. An aggressive trader with more tolerance for risk could enter the trade early.
Technical basis: Ascending long-term trendline is crossing descending medium-term trendline
Assumption: REQ will pop up or down in the very near future, very likely up.
Entry: Enter on any bullish price action with significant volume behind it
Price targets (assuming entry):
Target 1: 5500 (55K satoshi)
Target 2: 6500 (65K satoshi)
Target 3: 7500 (75K satoshi)
REQ/BTC Prepare for Take OffMarket consolidating. Expect price action in the next days.
If the upper triangle support line is broken we should see a price increasement.
MACD confirming consolidation too.
On 02. Feb there will be an update on the project. The days before could be a breakoutpoint.
Request Network, Trending down some more I believe!While all the turbines with Bitcoin possibly dipping down to 8K, I see Request and Majority of the Market tanking down, for the time being, We may see a recovery near the end of the month of January.
REQ might surge Ascending triangle from an uptrend. They have their bi-weekly update soon - usualy spikes then, we'll see.
Lemme know what you think.
