REQUSDT Almost doubled its value in one day!It was just over a month ago when we called for a strong bullish break-out on the Request Network (REQUSDT), in the event that its medium-term Lower Highs trend-line broke and the 1D MA200 (orange trend-line):
As you see, the break-out happened today and so far is massive as the token is up +85% in just one day! As mentioned then, the target is the 2.0 Fibonacci extension level from the previous Inverse Head and Shoulders. A closing above the 2.0 Fib can be a whole new Bull Phase targeting the 0.33700 Resistance of the April 05 High.
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Requsdtsignals
REQUSDT Supported and waiting for the 1D MA200 break-outRequest Network (REQUSDT) held the Symmetrical Support of 0.1040 and broke above both the 1D MA100 (green trend-line) and 1D MA50 (blue trend-line). However it bounced off the Lower Highs trend-line that started on the July 31 High.
As a result, we would like to see a break above that Lower Highs trend-line to engage into a buy extension. In that case, the target would be the 2.0 Fibonacci extension (around 0.2100), as the previous pattern was an Inverted Head and Shoulders (IH&S) which is a formation seen on bullish reversals. In addition, the 1D MACD just formed a Bullish Cross.
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