REEF short term targetlooks like a symmetrical triangle in an uptrend.
let me now what you think in the comments
REEFUSDT trade ideas
A better understanding of the Reed story?Decided to have a look at price using Fibonacci channels.
The 4hr time frame here shows a relatively clear picture of price moving in relation to the channels.
I feel that the Fib channels better depict areas of resistance than the green box I had drawn on previous charts (and are more useful).
This analysis would suggest a price of 0.042 will be the next major point of resistance to be tested. Following that price will hopefully move up to 0.048, before back-testing support at 0.044.
If these happen successfully, a pattern akin to that of the 'Elliot Wave' beginning on Feb 28th could form.
As always keep an eye on the volume.
Declaration - I'm definitely nothing more than an amateur with either Fib, and Elliot Waves! Please feel free to comment and educate if you see problems.
Reef Baskets pushing demand?Reef appears to be in the process of breaking out of the symmetrical triangle, following a possible back test of previous resistance yesterday.
Reef's baskets were announced this week which should /could be a positive driver of demand for many in the crypto space.
Volume and other indicators look good at the moment.
There is still notable resistance ahead - the green box on the chart really needs to be cleared.
For now we have reasons to be optimistic.
Go LongREEF continues on a nice uptrend on a channel going up. Both 1hr and 15 mins suggesting so. Look for buy enteries on the 15mins time frame and take profit at 0.042
$REEF Is readyLoving the look of REEF here sat on a very key support and retesting its breakout. Expecting an explosion on this one soon...
FEEFUSDT Trading opportunitySpotted huge Bullish megaphone in play.
The chart is explanatory enough on what to do as it present 2 possible setups.
We have immediate BUY zone and possible Buy back zone.
Enjoy it guys!!!
REEF TriangleMy prediction for $REEF, if it breaks the triangle we probably have a long way up to the top. - not an investment advise- #REEF
REEF/USDT Long PositionEver since its initial listing, REEF has moved nicely in an upward channel and is still yet to break it in over 3 months.
We're currently sitting at the bottom of the channel, not far away from support. Looking to pickup a long position at the bottom of this channel.
There is a lot of new releases for the platform anywhere from the start of April to the end of June. Potential for very nice gains over the next 1-2 months.
reef bull actionalthough classic technical is not my personal method, but i see an obvious bull action in reef to the first target and maybe beyond
REEFUSDT 🐠 - on the 4hourly BINANCE 360 Elite Trading Course
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**Not Financial Advice: please DYOR**
Charting:
Trend lines
Support & Resistance
Channels
Flag
IMO there could be more brief sideways action before breakout towards estimated exits (for traders).
**However please do your own research** 🤖
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