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

This topic contains 1 reply, has 1 voice, and was last updated by margincall margincall 1 year, 6 months ago.

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  • #1073
    margincall
    margincall
    Keymaster

    This is the thread for analysis on the Request Network (REQ) markets.

     

     

     

     

     

     

     



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  • #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!

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