Request (Binance: REQBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, REQ began a red wave one advance in September 2019. The red wave one finished in November 2019, and the red wave two correction ended in March this year. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on July 18, and the red wave four (blue sub-waves a-b-c) correction ended on July 27. If this wave count is correct, REQ could be heading next towards the July 18 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Request offers crypto invoicing & P2P payments for freelancers, employees & organizations. You can read their road map here.
(Sources: https://request.network/en/)
How Will Request Trade?
Request (Binance: REQBTC) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
REQ will takeout the July 18 peak
REQ will drop below the June 3 low
REQ will stay in a trading range between the June 3 low and the July 18 peak until September 12