REQUSDT Supported and waiting for the 1D MA200 break-out
Request Network (REQUSDT) held the Symmetrical Support of 0.1040 and broke above both the 1D MA100 (green trend-line) and 1D MA50 (blue trend-line). However it bounced off the Lower Highs trend-line that started on the July 31 High.
As a result, we would like to see a break above that Lower Highs trend-line to engage into a buy extension. In that case, the target would be the 2.0 Fibonacci extension (around 0.2100), as the previous pattern was an Inverted Head and Shoulders (IH&S) which is a formation seen on bullish reversals. In addition, the 1D MACD just formed a Bullish Cross.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
As a result, we would like to see a break above that Lower Highs trend-line to engage into a buy extension. In that case, the target would be the 2.0 Fibonacci extension (around 0.2100), as the previous pattern was an Inverted Head and Shoulders (IH&S) which is a formation seen on bullish reversals. In addition, the 1D MACD just formed a Bullish Cross.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.