This is a relatively new coin recently listed on Binance
It has been steadily in channel since December'7 2017.
The interesting feature of the channel that fluctuation range is between 30-40%.
Is a good opportunity for a steady profit? Maybe.
The volume change is the last hour is > 40% (good sign for a trade)
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huge break out!
Trade ativo
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REQ has been extremely bullish in the last few days, I see that RSI in overbought zone and I am expecting a fib retracement some time soon where we can re-buy. If the coin will continue bullish trend, we may expect Elliot wave pattern formation indicating where we book profits and re-buy.
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If somebody missed the boat, we can always wait for retracement!
@MaximBar thanks for your analysis. I've been looking for a chance to buy this coin to hold it long-term, do you think there will be better chances? It's been going up steadily, do you think its gonna correct some time soon ?
MaximBar
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@MuMPiTz, thank you for your kind words! It is very hard to predict, since the is very recent on the market.
MuMPiTz
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@MaximBar, I understand that you cant predict the future but what would you do if you wantd to buy th coin and hold long-term, just get it as soon as possible or wait a bit? just to know what you would be doing would be helpful, I wouldnt care if it turned out to be "wrong" I'm going by chance and since I'm a newbie I would rather do what more experienced people would do :)
MaximBar
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@MuMPiTz, positive signs would be if the coin continues developing withing the channel or breaks above; and negative sign - if the coin value breaks the channel and follow the downward trend.