REQUSDT trade ideas
REQUSDT Continuation coming.REQ broke out of the falling wedge formation as we projected in our previous analysis, now we can see price has formed a beautiful inverted head and shoulders formation at the low of the pattern in confluence with previous weekly resistance turned support. We can expect new bullish trend and growth from here for a good potential SPOT trade.
REQ Contrating Triangle 4H Chart LONGHello everyone,
On the Request Network (REQ) 4H chart, price has been stuck between the horizontal support and the diagonal resistance for a long time.
First of all, the price will break the diagonal resistance in the very near future, and then not surprisingly, it can be expected to retest this line. Initial buy can be made at current levels or by retesting the diagonal resistance.
However, it should not be ignored that the price bounces off the lower horizontal support (0.3699) in this process. If this happens, the average can be lowered by buying again at 0.3699.
Profit levels are 0.4316 and 0.5143. Please sell gradually while you take your profit.
However, the stop-loss area shown on the graph with the purple rectangle should be taken into account, as risk management should always be acted upon.
Do not forget to put a stop-loss at a point between 0.3000 and 0.3387, which will give flexibility of movement to the price depending on your own risk management.
Farewell
Binane / Coinbase: REQ buy / long H4Binane / Coinbase: REQ buy / long H4
Entry: 0.39- 0.4
SL: h4 close below 0.37
TP1: 0.5-0.55
TP2: 0.8
Request envisions a "global cooperative financial system", where people and organizations are "in full control over their financial data and choices". Put differently, the Request Protocol is an interface connecting siloed financial systems and enables users to request payments ranging from simple peer-to-peer payment requests to full business invoices.
Businesses who wish to integrate with Request Network can do so via: (1) a REST API, (2) running a network client, or (3) operating a network node.
REQ tokens currently act as a utility tokens, granting access to payment requests. Request Network further plans to require REQ stakes to operate nodes, embed governance rights into REQ and provide further discounts against REQ payment.
The underlying technology of Request Network is the Ethereum blockchain and a private IPFS network to store transaction data.
REQ/USDTHere's a quick Look at REQ/USDT 4 hr chart. As we can see, the price has been forming a bigger descending triangle. The best entry would be when the price breaks above the descending triangle with a good amount of volume. Definitely, one to keep an eye on.
My idea is to Buy the breakout from the descending triangle and take profits at the levels shown in the chart. Targets:
1. 0.72$
2. 0.80$
3. 0.88$
4. 1.05$
REQ On Critical Support..... Buy time???Still a quick view... Req on a critical support @0.44 if hold... We moon hard!
also if 4hr candle closes below, 0.44, things might get a little dicey.... And more down side eventually!
Generally, I might buy @0.44, using DCA just Incase... To buy more of downsides
Still keeping eye 👁️ on price actions
Pls note: not a financial advice
DYoR!
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