REQBTC trade ideas
REQ/BTC Prepare for Take OffMarket consolidating. Expect price action in the next days.
If the upper triangle support line is broken we should see a price increasement.
MACD confirming consolidation too.
On 02. Feb there will be an update on the project. The days before could be a breakoutpoint.
Request Network, Trending down some more I believe!While all the turbines with Bitcoin possibly dipping down to 8K, I see Request and Majority of the Market tanking down, for the time being, We may see a recovery near the end of the month of January.
REQ - BearishSince it introduced, REQ was is in a bullish trend. End of December '17 it went in an exponentional bullish trend from 0.00002107 to a ATH of 0.0007220 on 6th of Jan this year. Since ATH the market is in a corrective bearish trend. Support between 0.00004200-0.00004300 is being tested last couple a days and holds, but it failed to make higher high's. Expected that support will break and will go down to 0.00003600-0.00003700 which will be the new support. This would also be a correction of 2/3 of the exponentional bullish trend beginning in the end of December '17 till the ATH om 6th of January '18. If this support holds, next target would be 0.00005750
Buy: 0.00003600 - 0.00003700
Sell: 0.00005750
REQ approaching support zoneAs can be seen on the chart, price action is approaching a support zone among the trendline, 49d ema and horizontal support. If this holds i would be looking for a rebound to the top of the triangle, with a stop just under the support zone.
Request Network Channel Trend (200% one month profit potential)Request is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper here: request.network
Request Network's floor was established November as .00000584 sats and reached .00006809 sats on it's New Year's bull run.
Request Network is displaying a classic channel trend with multiple points of support on the top and bottom channel. If it hits the average of the trend channel, fib level 1.272 (8502 sats) will be reached in T-minus one month with the continuation of the channel trend.
A shorter Look:
This recent correction and rebound has created a descending triangle pattern that also intersects fib level 0.786 (5477 sats). If this support level is not broken, we could see a temporary fall to fib level 0.618 with a rebound to a higher fib support. RSI is rising out of oversold area and the signal line is still above the MACD showing downward momentum.
Let me know what you think of my analysis,
Cheers!
Req/Btc Conservative Channel Trend (65% potential profit) Request is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper here:https://request.network/assets/pdf/request_whitepaper.pdf
Request Network's floor was established November as .0000584 sat and reached .0006809 sat on it's New Year's bull run.
Request Network is displaying a classic channel trend with multiple points of support on the top and bottom channel. If it hits the average of the trend channel, fib level 1.272 (.0008502 sat ) will be reached in T-minus one month with the continuation of the channel trend. This is a 65% potential profit increase if REQ was bought at the current price (0.0005555 sat).
A shorter Look:
This recent correction and rebound has created a descending triangle pattern that also intersects fib level 0.786 (.0005477 sat). If this support level is not broken, we could see a temporary fall to fib level 0.618 with a rebound to a higher fib support. RSI is rising out of oversold area and the signal line is still above the MACD showing downward momentum.
Let me know what you think of my analysis,
Cheers!
REQ/BTC Channel Trend (65% potential profit - one month)Request Network is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper here:https://request.network/assets/pdf/request_whitepaper.pdf
REQ's floor was established November as .00000584 sat and reached .00006809 sat on it's New Year's bull run.
Request Network is displaying a classic channel trend with multiple points of support on the top and bottom channel. If it hits the average of the trend channel, fib level 1.272 (8502 sat) will be conservatively reached in one month with the continuation of the channel trend. This is a 65% increase if you bought REQ at .00005530 sat.
A Shorter Look:
This recent correction and rebound has created a descending triangle pattern that also intersects fib level 0.786 (.00005477 sats -0.41% ). If this support level is not broken, we could see a temporary fall to fib level 0.618 with a rebound to a higher fib support. RSI is rising out of oversold area and the signal line is still above the MACD showing downward momentum.
Let me know what you think of my analysis,
Cheers!
REQBTC Expanding Flat 7-800% GainsUpdate to our previous REQBTC analysis, previously we had an ABCD retracement which has now turuned into an expanding flat and looks ready to go. This is the completion of Wave 1 and 2 and rwady to move into our largest 3rd wave for this first cycle. Trade still valid and running, no stop loss hit, target still valid.
Great long term investment which about to launch their main product and potentially compete with Paypal who holds a 90B Market Cap, huge potential for this product.
REQesting highs back in Feb.Sine Line shows how REQ cycling around. There's a lot of "something" for Req till March already known. So I guess this shoulda beat previous highs in February.
BINANCE:REQETH
BINANCE:REQBTC
REQ/BTC Easy buy FIB, easy sellThe .5 Fib from last wave up align with the only non squared up candle on this chart. This market is still bullish to me. Easy buy.
Either sell @20% or HODL for that big move.
REQ looks ready to break out of symmetric triangleReversal signals have shown up on the last days and the uptrend can restart in the next few days
REQ Bullflag DetectedThe previous time we hit an all time high we had a very similar regression trend and bullish flag form, noted here: i.imgur.com
Set your sells between 7400 and 7800 satoshis in a range for optimal profit from the next surge.
Important note: If this doesn't happen in the next 6 hours it was a false flag.
Third drive starting, buy nowThis is a typical three drives pattern forming, next drive will pass 7000 sat
REQ downtrendDid this TA a few days ago when I wasn't sure which path it would take, look like it's on the downtrend path. Expect a fall soon.
REQ Long Entry on strong rebound, consolidation & cloud supportREQBTC is looking like a pretty solid 3+ day trade right now. It has been consolidating(like a lot of other coins) over the last couple of days and has followed the 2hr cloud to an absolute T. This would indicate that in a day or so a price increase is imminent. There aren't any known fundamental catalysts in the short term that would drive the price to ATHs, so i'd start scaling out about %20-15 shy of ATH from its current price. The strong rebound after the S Korea dip and following consolidation shows a very clear support at its current price point. The medium-long term outlook for this coin is extremely bullish, if you're looking for a good time to enter with that strategy, now seems to be it.
