Long
REEF/USDT possible move
Updated
This is just my personal idea of what REEF might do in the coming weeks. We´ve seen this kind of move for other coins in the past and I think 0.10$ is a really possible target. REEF is an interesting project and we have seen volume increasing over the past days. I entered at 0.0445$ and took some profits already. I re-entered lower int the 0.040 range and I will now hold for the hope of a big move in the coming weeks.
!!! Not a financial advice. Please make trades based on your own analysis !!!
!!! Not a financial advice. Please make trades based on your own analysis !!!
Note
The next hours will be crucial to know if we can move back to the 0.056, or go lower. We are still in a bull pennant looking pattern on the 4h chart. We bounced of the lower level and are now back up a bit. If we can break out of this pennant I can see REEF back at 0.056 very soon. IF we break to the upside, my targets would be 0.052$, 0.054$, 0.056-0.060$ short to medium term, while the area of 0.050$-0.052$ could then turn into the new support.
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