I went in long $REQBTC yesterday as it looks to be building up on the daily and provides a favorable RR ratio.
4H MA50 has crossed MA200 and seemingly holds.
1D MA50 is closing to MA200 - it is now decision time. Volume is low - ready for a break-out to the up- or downside.
SL IF daily closes below MA50 and DC20 OR if on the 4H TF there is a bearish reversal...
Using AZV indicator with Profile Analysis
Buy signal: (Bounce back ) ( Breakout )
Profile Sell Target : 610 SATS
AZV Sell signal : AZV - NO of bars = 26 & Multiplier = 2
AZV Signal type = Open Target
SL : Close 1 Hr Heikin candle below 536 SATS
AZV link :
Upto 60% from actual position. Testing major resistance at 175. Rising in an uptrend since September 26 on daily. Golden cross (50ma-200ma) on h4 and ichimoku looks good. If breakout first run to 190-200, then greed can raise long-term trade to 280 (next confirmed resistance marked on chart). If fakeout and breakdown trendline targets are 150-141 supports...
After making a Higher High and Higher Lows REQ just been moving sideways or in Daily equilibrium.
The fact we are still maintaining above 50 Day MA and upward trend-line.
The bullish setup is our priority right now. Warning: when trading BTC pair Altcoins,
always check the direction of BTC.D to make sure your TA will execute accordingly.
Positive things are happening to Request Network and they are one of the top #DEFI payment network projects with Celer, Lightning Network, Matic, OmiseGo and XDai. Request Network is an open network for transaction requests. It allows anyone to create, store and access invoices and receipts in a universal, decentralized network. Invoice your clients in crypto is...
Our last chart for REQBTC generated us over 66% of gains... Take a look at it here:
Now, the chart above can be a bit tricky to read since anything can happen. The chart here is neither bearish or bullish, any scenario can easily develop from this chart......
Beautiful consolidation at the 1D with good volume, Daily support is holding and price just tested the daily ma50.
TP 1: 0.00000186
TP 2: 0.00000243
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree...
BINANCE: REQBTC using the daily MA50 as support looking like there is room for some upside.
Target 1: 0.00000153
Target 2: 0.00000160
Target 3: 0.00000173
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high...
As it is the theme with most micro caps I've analyzed, we see a long-term rounding bottom and a significant breakout. In this case it was a 90-day breakout. Trying to snipe a buy near the red line will give a very likely 1:3+ trade. If willing to hold for a longer period, a 1 to 8 risk-reward ratio can be achieved.
Request Network (REQBTC) moved above resistance recently (purple) and is looking to make its next move.
Here we have a bullish chart with multiple bullish scenarios.
1) First, there is a good possibility for REQBTC to continue moving straight up if it does an impulse move like other Binance pairs are doing.
2) It can consolidate sideways before moving up.
$REQ / $BTC
On a descending channel since June, currently going into upper trendline of the channel (125sats as resistance)
Unless it breaks from this trendline, I would expect a new leg down
If we zoom out to the 2D, last UCTS signal was on April 9th (80% down since then)