REQBTC 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...
Descending Triangle on the hourly for REQBTC.
Greetings Traders! REQ is quite an ambitious project that could end up being the next PayPal. Immediate support is at (1) which is the blue rectangle + 1H 200 EMA, a breach of this support level would send price down towards the next expected support level of intersected lower parallels at (2). Resistance is at upper parallel (3), a brake above this level...
Above the Buy Line is where I would buy back in as it has not recovered down any where since it's massive ascent!
Kumo and wedge breakout on hourly. 50% retracement. Potential target 100%-127.20% extension. Nearby resistance at 50% extension. RSI uptrend. Aroon indicating long position.
Look for break out from the top or bottom. A healthy correction for a legitimate project, IMHO it'll break off and go up again, but has the possibility to correct again further below.
Could see some movement here in the next few hours Disclaimer: I have no idea what im doing
Neutral analysis showing what may happen depending on if this bottom support at ~5500 SAT is broken or maintained.
Seems like req might not be finished just yet.
REQ looks to be consolidating quite nicely through a clear falling wedge. I can see this breaking out again in the near future. Any thoughts out there?
REQBTC is becoming a popular coin I called for 3 days ago. Here is the updated idea on possible correction patterns and targets for those who still is interested in riding this bull.
Paypal competitor? REQ has already finished their testnet with a product to integrate for online ecommerce payments, transacting fiat to crypto and vise versa. Escrow also part of the roadmap to protect buyers and sellers. REQ looks like its already made an impulse move. Currently in consolidation and appears to be a typical zigzagABC. Almost complete for liftoff....
Request Network is doing magic and it doesnt want to stop. Trade it at target or hold it long term for best return