Playin around with Elliot and Request. Now at the .618 golden retracement level.
A/B/C correction done.
New wave starting.
Target 25 dollar cent. (+65%)
REQUSD trade ideas
Strong trendline supportLooks like the trendline from march 8th on 4H is strong. If it drops next support should be 1.20 area.
In mid/long-term, this one will flyHey dear traders
As you can see in the chart, now is not a great time to buy this crypto since it's struggling with a recent high and it seems that the trend is temporary weak.
The smart thing for short-term traders is to wait and see its reaction to this support.
But investors and long-term traders can enter now but do not forget to split your money and enter step by step.
Anyway, in next 6 or 8 months you can see this one fly
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Request Network4H frame. Bounced twice off the 200 EMA, and passed the resistance line, and held as support. Also passed the 0.1 usd line
This is an up and running project with a deflationary token, that had its ATH over 1 usd in 2018
Magical Mozzarella Request network love mozzarella.
Then it is proper to also let the magical mozzarella slices decide its future...
Rough Outlook For REQ...nearing end of 2nd wave?We should be nearing the end of a second wave down. The time frame of the move up is just a guess....considering we went from ~$0.03 to > $1 in about two months. The projections are using log Fib Extensions. If this is a third wave up, things could get interesting, fast. Looking at the osc at the bottom (positive divergence), even with all the poo poo re. cryptos (or BECAUSE of it), this looks to be closer to the END of a bear market and NOT the beginning of one. Another observation, BTCUSDSHORTS are in a near-vertical climb, going to an extreme. If you place BTCUSDSHORTS over BTCUSD, EVERY TIME we reach an extreme, the market changes. This follows Elliott Wave Theory.
There is a trading opportunity to buy in REQUSDTechnical analysis:
. RequestNetwork/USDollar is 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 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0470 to 0.0290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0470)
Ending of entry zone (0.0290)
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= @ 0.0913
TP2= @ 0.1328
TP3= @ 0.1934
TP4= @ 0.3155
TP5= @ 0.4931
TP6= @ 0.6071
TP7= @ 0.7804
TP8= @ 0.9850
TP9= @ 1.2450
TP10= Free
There is a trading opportunity to buy in REQUSDTechnical analysis:
. RequestNetwork/USDollar is 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 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0470 to 0.0290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0470)
Ending of entry zone (0.0290)
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= @ 0.0913
TP2= @ 0.1328
TP3= @ 0.1934
TP4= @ 0.3155
TP5= @ 0.4931
TP6= @ 0.6071
TP7= @ 0.7804
TP8= @ 0.9850
TP9= @ 1.2450
TP10= Free
REQ/USD Targeting ~$14 For wave 3 CircleNotice the positive divergence at the bottom...a sign of weakness to the downside. We should be nearing a bottom very soon, ready to start wave 3 circle.
It took two months to form wave 1, where there was a 43 multiple increase. Cryptos trade logarithmic....including Fib extensions/retracements.
My timeline is a total guess and is just what "feels" roughly right.
Trezor/Myetherwallet to hold.
Request Network Ongoing CorrectionAs with most other cryptos, #REQUSD is still in corrective mode and is currently moving down as a likely wave C of Y of larger degree (2).
The 76.4% and 78.6% log retracements of the full move is $0.069 and $0.064, which mark possible bottom levels before the resumption of the bull run to $30.
REQLooking at weeklies cause sometimes you have to step back. When you're too caught up in the day to day you can get lost in the shuffle. Forrests and trees and truffles.
That green line has become some pretty uber like super hulk big time number one important strong support area thus far looking at REQ/USD on Binance. Consolidating just like everybody else. Let's see which way it goes.
In my opinion it's called an accumulation period for a reason.
A Long-term Trading Opportunity to Buy for RequestNetwork ...Technical analysis:
.REQUESTNETWORK/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 40.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.152 to 0.076). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.152)
.Ending of entry zone (0.076)
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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.211
TP2= @ 0.298
TP3= @ 0.390
TP4= @ 0.553
TP5= @ 0.686
TP6= @ 1.006
TP7= @ 1.245
TP8= Free
A Long-term Trading Opportunity to Buy for RequestNetwork Technical analysis:
.REQUESTNETWORK/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 40.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.152 to 0.076). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.152)
.Ending of entry zone (0.076)
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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.211
TP2= @ 0.298
TP3= @ 0.390
TP4= @ 0.553
TP5= @ 0.686
TP6= @ 1.006
TP7= @ 1.245
TP8= Free
REQUEST NETWORK medium term positionRequest network is one of the most undervalued criptocurrency, buy req and wait for 100% profit. Stop loss to 0.19$.
It will come back to 1$ for the end of 2018
REQ I'm feeling cup and handle actionGoing out on a LIMB here but when I look at REQ, I see an important level around the $0.18 area. In the recent past it has served both as resistance and support. It is also where the most recent 4th wave ended. It is therefore an area that I will be watching closely as we progress through a possible correction. I think when we get there, the EMA 50 and 100 will help with the support but we shall see. But as I type this, BTC is rising so we will see the effect across the coins
The Year Of Request NetworkFirst of all, I should start by saying I own a great portion of Request Network Tokens.
What is Request Network?
A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment.
The request can be detected and paid in a secure way, without the need to involve a third party.
The request is saved on an immutable, authentic ledger, which acts as a unique source of truth for accounting and auditing processes.
Request integrates a trade law system and works across every legislation.
Request works with every global currency.
Request is designed to be flexible, to last hundreds of years, and to work with IoT, whilst being compatible with any future systems.
request.network
Why do I believe in REQ?
Solid core team, who have a strong history together. Team was selected by ING and YCombinator.
Great partnerships: Kyber Network, Quantstamp, Ox, Civic, Aragon, Bee Token.
Amazing Tech: Request Network operates on the the Ethereum blockchain and has segmented into three layers to meet their variable use cases.
Use cases: B2B invoicing, Online payments, Better audits, IoT, Transparency, & many more...
Roadmap:
Request Great Wall: Q1 2018: The first iteration of Request working with Ethereum on Main Net, Working on partnerships with Accounting, Payment and Audit firms, Launching the "Pay with Request" project: an online button which will offer an alternative to the traditional "Pay with Paypal" and "Pay with credit card" methods, Proof of concept: Request Core working with a Bitcoin Oracle, Outside audits of the Request Contracts, Deploy management of crypto-currencies to Request (ERC20 tokens…);
Request Stonehenge: Q2 2018: Proof of concept of Privacy using ZkSnarks, Add management of fiat-currencies to Request (USD, EUR, CNY…), Launching the "Request & Transparency" project. We will work with city halls, associations and governments to publish real time information on their budget., Organize discussion groups around Payment Requests with institutions such as Worldbank, IMF, ECB and the UN.;
Request Colosseum: Q3 2018: Deploy the Escrow extension to allow the release of funds upon delivery or upon satisfaction of other conditions., Deploy the Tax extension to automatically pay taxes in real time, Deploy the Down Payment extension to specify an amount to pay and a specific date on which to process it, Deploy the Late Fees extension to specify penalties if a Business is not paid on time., Add a Reputation Offchain layer.;
Request Petra: Q4 2018 and after: Deploy a governance system (Vote/Token Chat), Launching the "Internet of Things framework" project, Deploy inter-currency settlement through REQ token to facilitate international payments, Launching the "Continuous Payment" extension, which will act as a Down payment with an infinity of micro payments.
I'm looking forward to using Request Network myself, if you have questions about this utility token, reach out to www.reddit.com
REQUSDIn the 4hrs chart the coin is trading on the 50 day moving average. Also the 100 day moving average is very close to the trading area. I think the coin is being traded on its support at the moment.
