cviryiotis

REQ looks ready for a breakout

Long
COINBASE:REQUSD   REQ/USD
As we can see on the 4 hr chart , Request has retested the falling wedge trend line successfully and has found resistance at the 100% level of the previous high . Conditions look perfect for a breakout above the 0.27 mark and looks to reach the 161.8% level on the fibonacci . Targets are :

-127.2% or 0.300 usd
-161.8% or 0.327 usd
-227.2% or 0.380 usd

of course the possibility of it breaking out in a phenomenal way like NuCypher did a couple days ago is never ruled out , this is a strong project led by a competent team which imo is just as valuable as some of these other coins that have 5x the market cap of REQ .

Not financial advice DYOR .