Long REQREQ is at the bottom of its trend line looking to move up to a major resistance level if it breaks that, moon
REQBTC trade ideas
Ichimoku Cloud Edge to Edge TradeThere are many great edge to edge trading opportunities here with good Risk to Reward Ratios.
I really like the fundamentals of REQ and I also like the technicals right now. THis along with "alt season" happening just make for a great opportunity here.
REQ- Overextend, correction then nice gains Req stoch is getting very overextended, it should correct to the green support line and then explode.
Request Network, will you break up ?Request Network is a really strong project and right now it is very close to a support area. I recommend filling up some bags in the green area ( 1.8K sats- 2.2K sats ) for mid term and long term( 1-8 weeks ). Indicators are also bullish and it has great chances of bouncing from this area and if it doesn't bounce it won't fall much more. Also for those who don't know REQ is a strong long term and it was comparred multiple times to paypal 2.0.
REQ turns redBINANCE:REQBTC
REQBTC has entered long term bearish mode and left support creating a doji followed by lengthy red candle suggesting the rally from April 6 has been ended. RSI has dipped below 50 in 4 hour chart and trending south. Support is seen at 0.00002412 BTC (50 DMA).
REQBTC 20% + 57% + 83% + 138% +REQBTC 20% + 57% + 83% + 138% +
Hello everybody!
Another asset is preparing for the ascent. Everything speaks in favor of growth. Confuses only overbought on RSI. As soon as we manage to get rid of it, we must go up.
The first goal is at the level of 2900 Satoshi. If we manage to gain a foothold above it, we can talk about the way forward.
Capital management, the use of stop loss, trading plan and profit-taking are those mandatory things without which even the most accurate idea can leave YOU with empty pockets.
Think about this before you enter into a deal.
Good luck.
REQREQ just broke the second descending resistance, and cleared the 1 hour and 30 minute Ichi clouds. It is making it's way to the top of the 4 hour cloud, and has found support on the 50 and 200 EMAs on all of these time frames. RSI is moving towards overbought, so a test of previous resistance as support would not be a surprise. Than, assuming BTC behaves, onward and upward.
REQ Has a Great Setup on Daily ChartRequest Network REQ has a great potential setup on the daily chart. Price has done a 5 wave impulse, corrected nicely in an ABC zigzag pattern through a falling wedge, broken out of it and now forming an ascending triangle. So we have here as TP1 = 0.000029 , TP2 = 0.0000398, TP3 = 0.0000477, SL = 0.0000214.
Please note that this chart is on daily timeframe and could take longer time to develop.
Good luck,
REQ/BTC Three TargetsStop loss, entry, and targets as shown. Good time to enter a position. Good luck.
Request network awaits bull breakout !!!BINANCE:REQBTC
Request network is having a stiff resistance at 50 DMA. We can expect high volume breakout from this range soon.
$REQ Pushing Resistance HardThis was a request from a member of our free discord. Check out my profile and join us. Bear Season can be fun with the right group, even profitable
So first if you look at the linear reg you can see its slow turning up. Also you have that big air bubble giving it a lot of room to move up on the 8 hr and an easy spot to break through.
Currently its in the Middle of the cloud on the 2HR trying to push through. Got pushed back down but is making another push
If I was in, I'd hang and see if we get a C&H forming to give it some juice to get through the cloud. But I'm not in so I think I'll sit out and see what happens in the next few hours
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.
REQBTC WINNER! It is easy to pick something that is already a winner and post on it BUT_
REQ broke the downtrend line on the daily ( shown). Notice how the whole down swing it did not break above the mid bollinger band line. Now it has.
It looks like we are forming a cup base from the .5 fib line area from Feb 6-12 ( blue to green color line.)
Volume is confirming.
I would try to buy at .618 line because BTCUSD looks like it is going off a cliff now and we are in a pullback gauged on the long wick pictured. . and I would target aforementioned .5 line to sell.
It might moon from there only time will tell.
None if this is trade advice, just patterns I find interesting. We are in this together so take it easy on each other and even take is easy on the big forecasters bc -1.61% TA is an art and not a science, No one can tell the future we can only prepare for the 3 scenarios. Higher, lower, or sideways!
REQ - A question of where are we? So looking at REQ I called the bottom in a private chat with a few friends and it has moved away well. The question remains whether we are seeing the start of an ABC or a mid point of the 3rd wave. I have shown both, comment with your opinion and why.
Elliot wave analysis of REQ/BTCbreakout above the red downtrend line is the new trend confirmation
wave 3 can extend more than 1:1 but safe target = 1:1
wave 5 can hit 1.618 if wave 3 hits 1:1
wave 5 can hit 2.618 if wave 3 hits 1.618
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.
