REEF Technical Analysis in a 3-Day Timeframe
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Now, let’s dive into this chart analysis:
REEF has rebounded 120% after hitting a new all-time low at $0.00058. This recent rally shows positive momentum, and REEF is currently facing resistance at the 35 EMA around $0.00121-$0.0013.
If REEF breaks and closes above this resistance, a rally toward the upper resistance trendline at around $0.0034 is likely. However, a rejection may result in the price dropping back to the support trendline.
Key Levels:
- Initial Resistance: $0.00121-$0.0013.
- Higher Resistance: $0.0034.
- Lower Support: $0.00058.
DYOR, NFA.
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#PEACE
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
REEF has rebounded 120% after hitting a new all-time low at $0.00058. This recent rally shows positive momentum, and REEF is currently facing resistance at the 35 EMA around $0.00121-$0.0013.
If REEF breaks and closes above this resistance, a rally toward the upper resistance trendline at around $0.0034 is likely. However, a rejection may result in the price dropping back to the support trendline.
Key Levels:
- Initial Resistance: $0.00121-$0.0013.
- Higher Resistance: $0.0034.
- Lower Support: $0.00058.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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