REEF/USDT - Neutral / Both ways
As I'm quite new to bull markets, these movements have surprised me several times.
In this TA I'm looking for potential breakouts, to the upside as well as to the downside [Not financial advice].
While I'm a bit bearish on REEF due to the lack of major updates from the project, I'd like to stay neutral, looking at the current chart.
Perhaps my personal expectations for REEF were aimed too high.
11th/12th of April; potential breakout to the upside
A retest to the upside, the first support; sitting around 0.044 USDT [rally up to 0.048]
14th of April; rally failed
I'm looking for a retest at support, sitting at 0.0301 USDT
For this to happen, the bounce level around 0.0360 USDT should be broken first.
Right now, I think that 0.036 USDT might be more important than the 0.0301 USDT levels.
16th - 19th of April; Movement
If both of the above failed, and the price remains inside our squeeze, I'm expecting a movement that can go both ways (0.036 USDT).
Levels to watch
0.0301 - support
0.0360 - current entry/exit
0.0372 - support
0.0420 - resistance
0.0440 - resistance
I'm writing these TA's to educate myself, do not take this as financial advice.
In this TA I'm looking for potential breakouts, to the upside as well as to the downside [Not financial advice].
While I'm a bit bearish on REEF due to the lack of major updates from the project, I'd like to stay neutral, looking at the current chart.
Perhaps my personal expectations for REEF were aimed too high.
11th/12th of April; potential breakout to the upside
A retest to the upside, the first support; sitting around 0.044 USDT [rally up to 0.048]
14th of April; rally failed
I'm looking for a retest at support, sitting at 0.0301 USDT
For this to happen, the bounce level around 0.0360 USDT should be broken first.
Right now, I think that 0.036 USDT might be more important than the 0.0301 USDT levels.
16th - 19th of April; Movement
If both of the above failed, and the price remains inside our squeeze, I'm expecting a movement that can go both ways (0.036 USDT).
Levels to watch
0.0301 - support
0.0360 - current entry/exit
0.0372 - support
0.0420 - resistance
0.0440 - resistance
I'm writing these TA's to educate myself, do not take this as financial advice.
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