REQUEST NETWORK - REQ/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	REQUSDT
ISIN:

REQUEST NETWORK - REQ/USDT - Daily - Technical analysis published on 04/12/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.110000 USDT

My targets

0.119100 USDT (+5.21%)

0.137320 USDT (+21.31%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REQUEST NETWORK - REQ/USDT as long as the price remains well above 0.110000 USDT. The buyers' bullish objective is set at 0.119100 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.137320 USDT. If there is any crossing, the next objective would be the resistance located at 0.277700 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The REQUEST NETWORK - REQ/USDT price is 0.113200 USDT. The price has increased by +10.33% since the last closing and was traded between 0.100600 USDT and 0.119800 USDT over the period. The price is currently at +12.52% from its lowest and -5.51% from its highest.

0.100600

0.119800

0.113200

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this REQUEST NETWORK - REQ/USDT chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.094142	0.101855	0.110000	0.113200	0.119100	0.137320	0.277700
Change (%)	-16.84%	-10.02%	-2.83%	-	+5.21%	+21.31%	+145.32%
Change	-0.019058	-0.011345	-0.003200	-	+0.005900	+0.024120	+0.164500
Level	Major	Major	Minor	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.092533	0.096267	0.099433	0.103167	0.106333	0.110067	0.113233
Camarilla	0.100703	0.101335	0.101968	0.102600	0.103233	0.103865	0.104498
Woodie	0.092250	0.096125	0.099150	0.103025	0.106050	0.109925	0.112950
Fibonacci	0.096267	0.098903	0.100531	0.103167	0.105803	0.107431	0.110067

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.078033	0.085227	0.092713	0.099907	0.107393	0.114587	0.122073
Camarilla	0.096163	0.097509	0.098854	0.100200	0.101546	0.102891	0.104237
Woodie	0.078180	0.085300	0.092860	0.099980	0.107540	0.114660	0.122220
Fibonacci	0.085227	0.090834	0.094299	0.099907	0.105514	0.108979	0.114587

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.051250	0.067380	0.082540	0.098670	0.113830	0.129960	0.145120
Camarilla	0.089095	0.091964	0.094832	0.097700	0.100568	0.103437	0.106305
Woodie	0.050765	0.067138	0.082055	0.098428	0.113345	0.129718	0.144635
Fibonacci	0.067380	0.079333	0.086717	0.098670	0.110623	0.118007	0.129960

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.89
MACD (12,26,9):	0.0013
Directional Movement:	26.005243
AROON (14):	64.285714
DEMA (21):	0.101095
Parabolic SAR (0,02-0,02-0,2):	0.093998
Elder Ray (13):	0.009169
Super Trend (3,10):	0.091407
Zig ZAG (10):	0.112700
VORTEX (21):	1.0539
Stochastique (14,3,5):	68.68
TEMA (21):	0.103898
Williams %R (14):	-23.01
Chande Momentum Oscillator (20):	0.016200
Repulse (5,40,3):	11.1691
ROCnROLL:	1
TRIX (15,9):	-0.0105
Courbe Coppock:	12.97

MA7:	0.102680
MA20:	0.098194
MA50:	0.100771
MA100:	0.100537
MAexp7:	0.103386
MAexp20:	0.100019
MAexp50:	0.100029
MAexp100:	0.100395
Price / MA7:	+10.25%
Price / MA20:	+15.28%
Price / MA50:	+12.33%
Price / MA100:	+12.60%
Price / MAexp7:	+9.49%
Price / MAexp20:	+13.18%
Price / MAexp50:	+13.17%
Price / MAexp100:	+12.75%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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