REQ has grown by 85%!

Hello to all members of TradingView and my followers.

REQ has grown by 85%. REQ, which is fluctuating in a downtrend channel, started a positive reaction after hitting the bottom of the channel, and buyer support has pushed the price back to near the bottom of the downtrend channel. The resistance, which is in the range of $ 0.145 to $ 0.160, has so far been met with a negative reaction.
But the point is that there is a possibility that the price trend will range in the upper half of the bearish channel. Because the current resistance is close to the main resistance, which is at $ 0.2, the possibility of another uptrend after the price correction is high. The most important current support ranges from $ 0.10 to $ 0.11.

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Comment:

REQ has grown by 29% in the last 24 hours. REQ, which had been in a bearish trend, was again on high volume with support at the $0.1 range and continued its short-term uptrend to the $0.14 range. Currently, it also has an important resistance in the $0.145-0.16, which overlaps with the ceiling of the descending channel of the daily time frame. There is also another resistance at $0.20. Therefore, due to the proximity of these two ranges, it is possible to increase the price further and hit the second resistance.