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.
Requestnetwork
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!
REQesting highs back in Feb.Sine Line shows how REQ cycling around. There's a lot of "something" for Req till March already known. So I guess this shoulda beat previous highs in February.
BINANCE:REQETH
BINANCE:REQBTC
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.
REQUEST NETWORK shot up very HOT & very FAST, Downtrending??Above the Buy Line is where I would buy back in as it has not recovered down any where since it's massive ascent!
REQ: NEXT PAYPAL SHOWING GREAT UPWARD TREND AND HUGE POTENTIAL!Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that REQ is an excellent investment. After following it for a few weeks I made an investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump", it is just a friendly investor sharing his insights.
I have been following REQUEST NETWORK for a while now and I believe it is one of the few cryptos that actually has a very strong foundation regarding technology. If you didn't know, the Request Network is trying to essentially be the next Paypal service. It is very interesting and if you want to invest in it I would look it up and do your own research.
Let's get started!
REQ reached it's all time high on New Years Day and has been showing upward trends today. (Yellow Line)
Firstly, I put an orange line to indicate the support line (0.00075250). When REQ corrected after New Years Day it fell back to this line (January 5th) and has done the same today.
The purple line indicates the line in which REQ must break through. After doing so, I expect a sharp explosion.
If you can zoom out of the chart and look at my previous charting of this chart (Around December 29) you can see that REQ actually showed a very similar trend and then it exploded.
So let's get started!
Buy in (Blue Box) :
0.00088318-0.00081981
1st Milestone : (0.00093341)
Take some profits (10%) to ensure you get something out of the trade. REQ has been very jumpy and, as we can see from the past few days, has many highs and lows. Treat yourself.
2nd Milestone : (0.00100468)
I expect to see this one reached shortly after hitting the 1st milestone. REQ seems to shoot up very quick and have a short correction. Keep that in mind when looking into this trade.
3rd Milestone (0.00107445)
This milestone seems like a resistance line for REQ. In that case I would put a sell order in at this line so just in case it does hit this milestone you can still get the sell.
4th Milestone (0.00117648)
This milestone will take a few days. Put a sell order, just like the 3rd milestone, because it may only be there for a few minutes.
If you have any questions or input I would love to hear it. I am learning about the crypto-universe just like you. Thanks for reading and happy trading!
REQ is coiled up and ready to go | Bullish FlagCould see some movement here in the next few hours
Disclaimer: I have no idea what im doing
