We should be nearing the end of a second wave down. The time frame of the move up is just a guess....considering we went from ~$0.03 to > $1 in about two months. The projections are using log Fib Extensions. If this is a third wave up, things could get interesting, fast. Looking at the osc at the bottom (positive divergence), even with all the poo poo re. cryptos...
. RequestNetwork/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. There is a possibility of temporary retracement to suggested support zone (0.0470 to 0.0290). if so, traders can set orders based on...
Notice the positive divergence at the bottom...a sign of weakness to the downside. We should be nearing a bottom very soon, ready to start wave 3 circle.
It took two months to form wave 1, where there was a 43 multiple increase. Cryptos trade logarithmic....including Fib extensions/retracements.
My timeline is a total guess and is just what "feels" roughly...
As with most other cryptos, #REQUSD is still in corrective mode and is currently moving down as a likely wave C of Y of larger degree (2).
The 76.4% and 78.6% log retracements of the full move is $0.069 and $0.064, which mark possible bottom levels before the resumption of the bull run to $30.
Looking at weeklies cause sometimes you have to step back. When you're too caught up in the day to day you can get lost in the shuffle. Forrests and trees and truffles.
That green line has become some pretty uber like super hulk big time number one important strong support area thus far looking at REQ/USD on Binance. Consolidating just like everybody else. ...
.REQUESTNETWORK/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 40.
There is a possibility of temporary retracement to suggested support zone (0.152 to 0.076). if so, traders can set orders based on...
Going out on a LIMB here but when I look at REQ, I see an important level around the $0.18 area. In the recent past it has served both as resistance and support. It is also where the most recent 4th wave ended. It is therefore an area that I will be watching closely as we progress through a possible correction. I think when we get there, the EMA 50 and 100...
First of all, I should start by saying I own a great portion of Request Network Tokens.
What is Request Network?
A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment.
The request can be detected and paid in a secure way, without the need to involve a third party.
The request is saved on an immutable,...