REQUSDT Supported and waiting for the 1D MA200 break-out

Request Network (REQUSDT) held the Symmetrical Support of 0.1040 and broke above both the 1D MA100 (green trend-line) and 1D MA50 (blue trend-line). However it bounced off the Lower Highs trend-line that started on the July 31 High.

As a result, we would like to see a break above that Lower Highs trend-line to engage into a buy extension. In that case, the target would be the 2.0 Fibonacci extension (around 0.2100), as the previous pattern was an Inverted Head and Shoulders (IH&S) which is a formation seen on bullish reversals. In addition, the 1D MACD just formed a Bullish Cross.



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