Long
REEF IS ABOUT TO GAIN MOMENTUM
MACD is about to avoid exhibiting a sell signal. In fact, what MACD is exhibiting is quite bullish: a divergent pattern in the positive zone. After a consolidation phase that has lasted for nearly 3 months, REEF is on the brink of an explosion with the help of a bowl-shaped formation at the bottom. My alert is set for 0.3172, and as soon as a breakout takes place, I will wait for a retest to get into the trade. EMAs are perfectly aligned, and I expect a golden cross between EMA50 (Black) & EMA100 (Purple).
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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.