This is a chart setup that I am opening with leverage. It is not available on many exchanges and this reduces risk for swings and shakeouts. The action has been strong.
Request Network (REQUSDT) produced a strong higher low in June compared to February and April this year. Many pairs produced double-bottoms or even a lower low in June. A higher low definitely reveals strength. This is what we have here.
The consolidation period has been going for 1,169 days. This is the exact same number we found on the DigiByte chart, more than three years. Three years of consolidation can lead to a very strong bullish cycle. So strong that it is hard to visualize but it will happen.
I am mapping a 1,800% target but just to be safe, I also have the 2,400%. Again, when the market lasts this long in the accumulation phase, it is because it is preparing for something great. The action is about to start within weeks or days.
The last barrier is the long-term resistance (orange) line on the chart. Once this level breaks, immediately you can expect +300% to 500%. After this initial boom, you can enjoy slow and steady growth for months. That's where we are headed. This will not only happen to Request Network but for most of the altcoins, Bitcoin is already up.
Retraces and corrections should be considered an opportunity to buy-in, rebuy and reload.
Namaste.
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