Crypto Screener Forums Emerging markets – TA – Forecast Request Network (REQ) Forecasts – Technical Analysis Reply To: Request Network (REQ) Forecasts – Technical Analysis

#1075
margincall
margincall
Keymaster

Request Network seems like a promising new project, however lets take a look at the short term technicals on the market.

We can see longer term trend is clearly bullish above 700 satoshi indicated by our SMA lines.

Medium term also still bullish with support around 900 sat.

Short term we can see that the MA has given its signal to sell.

REQ forecast

How should I trade this market? Keep an eye on the support levels. should the middle line break, wait to see if the red line will act as support.

The MACD indicator is showing us that there are clearly overbought conditions at the moment so we will wait to see where support comes in.

Safe trades!