REQBTC trade ideas
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.
REQBTC Hammer SignalHello, dear subscribers!
Today our Automatic Hammer Strategy detected the potential price growth.
Technical and indicator analysis strongly confirmed this assumption. First of all, the price tested and broke down the 38.2% Fibonacci retracement level. Now it is testing the 23.6% level. There is a high probability of the bounce off this level. In addition, the Accumulation/Distribution Indicator demonstrated the constant bullish and bearish activity, while the price was in the downtrend.
We expect the 4.0% price growth from 0.00000153 to 0.00000159. The alert was automatically executed by SkyRock Signals trading bot.
Request Network (REQ) Goes Beyond MA200, Next Target Mapped!Request Network (REQBTC) is now challenging one of the most relevant indicators for the altcoins market... That is the MA200 black line.
Any trading below this level and the bearish potential is always on top... But as prices move above it, then the bulls gain the upper hand.
A new candle just started 50 minutes ago and prices are now trading above MA200... This is early because the trading session is just getting started but closing above this level daily can signal that a massive jump will follow.
The first target for this jump would be 478 satoshis or around 100% followed by even higher prices.
This is not financial advice.
Namaste.
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Previous chart
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REQ/BTC (Back at Accumulation Zone)💎Technical Analysis Summary💎
BINANCE: REQBTC
-REQ is back at previous accumulation zone around 130s sat
-This is also its weekly key level of support
-We can see a downward resistance line
-Keeping the price on a strong downtrend
-There is no buying signal or strength yet
-So please don't start entering this coin without a confirmation
A big Thanks for donating 💰 via Tradingview coins this week to SattarKHAN 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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REQBTC - Long - Potential 10.8%REQBTC - Long - Potential 10.8%
Enter- 160
TP1- 168
TP2- 177
SL- 154
Triggers:
- Coming in from Heavy Overselling
- Doji candles showing reversal
- Bullish Future Pivot and as yet untested Weekly Pivot
- Big Divergence
Notes;
Still awaiting BTC correction (Sunday can be a tricky day in the alt market) so caution advised
Trailing Buy, Stop & Profit recommended.
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 (Confirmed Key Support?)BINANCE: REQBTC
-Request Network tested the last area Fib level of support
-We saw a good bounce today but currently being rejected by the trendline resistance
-The green trendline is a strong confluence of previous support turned resistance
-Plus the 200D MA dynamic support coincide in this region giving us strong bias
-Aggressive traders can enter at market price while breakout traders will wait for trendline break
-The ideal stoploss is placed below green support or 200D MA
-And the upside potential target is up to 450-500 sat
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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