REEF 12h Will the growth continue?
Updated
The fall in the price of the REEFUSDT pair began a week before the general drain in May in the crypto market. Then the first wave of the fall was -70%.
However, there was also a decent rebuying from buyers by +120% in 4 days, most likely, then the trigger for such a strong rebound was the news of the launch of the Mainnet by 28.05.2021
As soon as the news worked out, the price of REEFUSD had another wave of fall by -70% and without much volume
Now, looking at the chart, we see that the price of REEFUSDT has grown by +115% again, and volumes appeared only at the peak of the price.
Manipulators love to first drop the price by -70% and then raise it by +120%)
However, it seems to us that with a positive background in the crypto market, the price growth in the REEFUSD pair may continue, because the price has not yet reached a strong liquidity zone.
It was in the zone of $0.0310-0.0460 that active trading was served from February to May, and as history has shown, there were sales there before a further fall.
Please write in the comments if there is now a strong news background for REEFfinance so that the price of REEF could still grow at least to $0.04
_____________________
Do you like the idea fulfilment? Does it help you trade and make a profit?
Do you want more forecasts from us?
Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
However, there was also a decent rebuying from buyers by +120% in 4 days, most likely, then the trigger for such a strong rebound was the news of the launch of the Mainnet by 28.05.2021
As soon as the news worked out, the price of REEFUSD had another wave of fall by -70% and without much volume
Now, looking at the chart, we see that the price of REEFUSDT has grown by +115% again, and volumes appeared only at the peak of the price.
Manipulators love to first drop the price by -70% and then raise it by +120%)
However, it seems to us that with a positive background in the crypto market, the price growth in the REEFUSD pair may continue, because the price has not yet reached a strong liquidity zone.
It was in the zone of $0.0310-0.0460 that active trading was served from February to May, and as history has shown, there were sales there before a further fall.
Please write in the comments if there is now a strong news background for REEFfinance so that the price of REEF could still grow at least to $0.04
_____________________
Do you like the idea fulfilment? Does it help you trade and make a profit?
Do you want more forecasts from us?
Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
Trade closed: target reached
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.