There is the possible chance off seeing REQ/USD Request Network having a decent test of the previous 1.19 highs.. It will take a lot of volume, momentum, and overall interest to make this baby pump.
Bitcoin isn't looking to hot right now, so hopefully we don't get dragged down with it.
There are a few major Resistance levels on the way to $1.19 including, the 50ma (4hr)- 0.54, previous swing highs- 0.69, 0.84, and 1.19. Don't forget about the whole dollar and half dollar resistance- 0.50, 1.00, and 1.50
I wouldn't mind seeing the RSI go down into to the oversold territory, as well as the moving averages tightening up a bit more. Right now it seems as if there is a bit more energy that we have to expel before volume starts rolling in.. More time for more accumulation.
Keep in mind we have the $0.45 support that we don't want to see being broken. If it breaks we could start to trade down lower to the 200ma (4hr) $0.38
Let me know if you are in REQ and what your thoughts are!
Good Luck To All
Bitcoin isn't looking to hot right now, so hopefully we don't get dragged down with it.
There are a few major Resistance levels on the way to $1.19 including, the 50ma (4hr)- 0.54, previous swing highs- 0.69, 0.84, and 1.19. Don't forget about the whole dollar and half dollar resistance- 0.50, 1.00, and 1.50
I wouldn't mind seeing the RSI go down into to the oversold territory, as well as the moving averages tightening up a bit more. Right now it seems as if there is a bit more energy that we have to expel before volume starts rolling in.. More time for more accumulation.
Keep in mind we have the $0.45 support that we don't want to see being broken. If it breaks we could start to trade down lower to the 200ma (4hr) $0.38
Let me know if you are in REQ and what your thoughts are!
Good Luck To All