$REEF / USDT H1- ChartThe price broke a #bullish falling wedge. Remember these patterns like to retest breakout levels (sometimes even lower levels) before initiating a healthy trend. I left a square to the lowest area the retest is possible. #crypto
REEFUSDT trade ideas
REEF looks great at the momentREEF is one of these coins that have yet to shine. With a market cap of only 500 mil, and a growth from an all time low of only 600%, REEF has the potential grow substantially. After being in a period of accumulation for approximately 2 months, I believe that REEF is finally ready to fly. I expect REEF to reach TP1 and TP2 relatively soon, with potential accumulation periods in between. However, please keep in mind that REEF's run hasn't been smooth sailing due to certain conflicts, so there is very little history to base any analysis on.
This is not financial advice.
Two bullish scenarios for REEF/USDT over the coming week After ETH making consistent ATH's and holding itself together, its time to look for a few tasty ALTs that might out-perform the market in the coming weeks. REEF is a dark horse contender after the price never truly recovered from the mid-March twitter drama FUD. From a fundamental standpoint, buying after a bad news period that did not include the product is generally a profitable play.
However, from a purely PA standpoint, the coming week will be a big one for REEF's hopes of playing with the big boys.
There are two possible outcomes from the recent PA that will result in a bullish set up into the coming ALT-SZN. After the white support trend line was broken it flips to support and needs to be broken before we can confirm full elon sned.
In scenario 1 price will follow the blue candle and the new trend straight through the barrier and confirm destination mars. In this case the break of the cross trend lines will confirm a long signal.
Scenario 2 is a little more reserved and sees us bouncing off the resistance. This bounce could carry us all the way down to the blue support line before coming back for another retest of the weaker white downward trend.
Both scenarios are still bullish so long as the blue floor hodls. Either way, the future looks moonish for REEF.
REEF/USDT [BUY SIGNAL]best buy zone : 0.35 - 0.38
targets for next 3 month
TP1 : 0.45
TP2 : 0.54
TP3 : 0.70
TP4 : 1.00
Green day is take profitsAlways take profits, people don't do that and that is why when there are dips, people are out of cash.
Green day is to take profit and red days is to buy not panic sell
REEF UpdateHere's a quick update on REEF 4 hr chart. As we can see, there's a bigger double bottom forming. Also the price has been oscillating in a bigger symmetrical triangle for some time now. If the triangle breaks then we will probably see new ATH! - Keep an eye on REEF!
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Reef Entry the new dipYou think it is cheap but it can be cheaper, Reef run on down trend, safe for entry when start new up trend
REEFUSDT 1D-TIMEFRAME ANALYSIS💜REEFUSDT 1D-TIMEFRAME ANALYSIS👀
Hello ladies and gentlemen
This is my new idea for 💜REEF FINANCE👀 REEFUSDT
I expect the price to move higher...
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DivergenceIn case of reacting to divergence and breaking the short-term downtrend line, it can have three set goals ahead and also if it crosses these three goals, it can also touch the upcoming ceiling.
Also, if the said scenario is not implemented, the specified support area can be a suitable support area.
It should be noted that the analyzed currency has a lot of fundamental and positive news that it is trying to implement its introduced projects.
REEF/USDTHi Everyone
According to the reef chart in the daily time frame, it can be seen that in the long run an uptrend line has been formed which is relatively strong and has not been broken yet, but in the short term due to recent market events, a downtrend line It is poorly formed and is more likely to break upwards and start a large growth.
Despite the fact that the Reef is in a good position in terms of charts, there are significant fundamental news about this currency, and also due to the not so large market cup of this currency, there is a possibility of a flood of liquidity and growth of Sharpe.
Please share your comments with me.
Can Reef break the heavy resistance or are we going lower?!If you in a position with Reef or wanting to buy, worth looking at the big picture.
