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!
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!