REQ- Overextend, correction then nice gains
Req stoch is getting very overextended, it should correct to the green support line and then explode.
Comment:
DId not think anyone would want an update but here it is. It seems we have broken through the mini-channel that we created. However, we are 100% coming down within the next day or so. Again we are just overextended. REQ almost hit the top of the RSI bands and we are coming to the 141% extension and a 68% retracement from the ATH to the ATL. This might be a bull trap but I can't really tell at this moment. If this is not a bull trap we should go down then stay flat aa little around the upper trend line of the channel then really explode.
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Just wanted to say that I do own this coin and LMk if u want any more charts on any coin.
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The next couple of weeks this Coin will explode. With the bands finally becoming wider, which shows that great price movement will occur and the rally BTC is currently having im very bullish for the coin. In addition, the coin has a working product and big partnerships. In addition on the daily chart, the price action is good with nice volume two days ago which was a big green bar and the fact that at the time of the post we are closer to the highs then the lows is very important. If you look to the last time we had a big green candle the next candle was red but it closed much closer to the low. The fact that it closed so far from the high point showed a decrease in buyer pressure and an increase in selling pressure. This was also followed by a decrease in the Accumulation and Distribution indicator. Basically, this is a volume-based indicator designed to measure the cumulative flow of money into and out of a security. By having this down and the candle close was an easy signal of downward movement. The next day is crucial in telling how this stock will go and it needs to happen to solidify the breakout. If REQ drops below .0002782 and closed on the daily I am bearish for short term.
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Just wanted to say that I will be changing accounts to ElactixNova. I will be much more active over there.