REQ/BTC - Symmetrical Triangle continuation of bullish trend
REQ is currently correcting in a symmetrical triangle and is near the apex. The symmetrical triangle is a continuation of the previous pattern, which was an uptrend, so it is likely that the price will continue to rise. Buy when breakout is confirmed.
Targets at resistance levels:
0.00004445
0.00004600
0.00004844
0.00004921
Targets at resistance levels:
0.00004445
0.00004600
0.00004844
0.00004921
Comment:
The price broke below the symmetrical triangle drawn above. It appears that the price will either 1) consolidate further sideways for a bit in a longer symmetrical triangle, or 2) form a bearish descending triangle where the support line is around 0.00004100 BTC.