REQUSDT trade ideas
REQ in a big descending triangle - Wait for the breakout!Here's a quick Look at REQ 2 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 good amount of volume. Definitely one to keep an eye on.
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The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart.
Targets:
1. 0.72$
2. 0.82$
3. 0.98$
4. 1.09$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
REQ partners with SAND and MANA with mentions of AXSREQ has partnered with Both SAND and MANA with an additional mention to potentially parting with AXS and I'm expecting another big push up soon.
REQ and SAND partnership tweet
REQ confirms partnering with MANA and SAND
REQ Potential AXS partnership tweet
Entry: 0.5505
TP1: 0.90
TP2: 1.0976
TP3: 1.6547
Stoploss: 0.4096
Manage risk appropriately!
Entry to Stoploss is 25%!