Request Network (REQ) Technical Analysis: Back to Buy Levels Yet Again

Many coins have dipped enough to make one seriously think about adding to existing positions or picking up new projects. This broadening wedge in Request Network has racked up so many contact points that it should have some serious strength already. Now that we are at the bottom of the wedge, REQ seems like a good buy once again.

4-hour chart

It's also important to note that REQ sits on top of the 50-day moving average which has worked as a strong resistance/support in the past. That trend should be expected to continue

Daily chart

This is one of the safest bets that i see at the moment. Of course it can fail, especially if bitcoin can't keep above 9000usd. Do your own research before investing.