REQBTC 1hrScenario: the very long downtrend/descending wedge finally broke upward with a spike in volume creating a Bullish pennant. Is this breaking the downtrend? Another smaller descending wedge (with breakout) now appears to be creating an inverse head and shoulders, which also indicates reversal.
REQBTC trade ideas
There is a possibility for the beginning of an uptrend in REQBTCTechnical analysis:
. RequestNetwork/Bitcoin in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000600 to 0.00000480). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000600)
Ending of entry zone (0.00000480)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000740
TP2= @ 0.00000850
TP3= @ 0.00001020
TP4= @ 0.00001320
TP5= @ 0.00001600
TP6= @ 0.00001830
TP7= @ 0.00002045
TP8= @ 0.00003030
TP9= @ 0.00003830
TP10= @ 0.00004630
TP11= @ 0.00005770
TP12= @ 0.00007220
TP13 = Free
REQ Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
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Period analysis..: Every 174.bar deep. 9-13 days after profitPeriod analysis....: Every 174.bar deep. 9-13 days after profit.
Buy time...........: 174.bar deep. (4 hours)
Sell time ..........: 9-13 days after earnings (78-79 bar)
Target..............: Earnings (5-10-15-20-30-40% ... etc)? can be taken out.
Previous profit....: Previous 10 days earnings: 51% 78% 39
Turquoise zone ..: Trend up. Because, although the price is the same, buyers and sellers
displacement zone.
Fibonacci 0.618...: After September 12th, he made the fibonacci correction.
Not..................: No need to wait 9-13 days (5-10-15-20% ... etc) and can be taken out.
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Ytd.
REQBTC Trading OpportunitiesPrice breakout from falling wedge, still expecting re-test on the trendline neckline.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Banks, give way! REQ / BTC analyticsBUY: 0,00000725 - 0,00000755
SELL: 0,00001100 - 0,00001160
STOP-LOSS: 0,00000710
Support: 0,00000726
Resistance: 0,00001160
The priority of Request Network project development is focused on creating a peer-to-peer payment system that simplifies transactions and transfers in various businesses. It is not only about payments between users, but also about creating a simple and convenient system for making purchases, calculating payments for services and other financial matters.
The Request Network platform is based on the Ethereum blockchain. The main objectives are to organize online payments, create an automated work space, access to factoring-type financial instruments.
September 12, the asset was formed the minimum the level of 0.00000445BTC. After that, the price went up sharply, active purchases began, the average trading volume increased by about 10 times. From the minimum, the price soared by 150%. It is noteworthy that this is one of the few tokens, whose turnover leveled to last year's figures.
Good entry points are in the range of 0.00000725 - 0.00000755. But, over the past week, trade has been speculative in nature, which indicates a deferred interest of buyers. This can cause a powerful upward movement of the rate. Therefore, it is advisable to allocate a part of the deposit and place an order in the zone of 0.00000800-0.00000810.
Daily volatility is around 6-15%, which gives a good potential for intraday trading.
The token chart and the development activity indicate a great growth potential, at least 350%.
REQ Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. Moon can take >30 days. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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Thanks for visiting.