Long
Reef Baskets pushing demand?
Updated
Reef appears to be in the process of breaking out of the symmetrical triangle, following a possible back test of previous resistance yesterday.
Reef's baskets were announced this week which should /could be a positive driver of demand for many in the crypto space.
Volume and other indicators look good at the moment.
There is still notable resistance ahead - the green box on the chart really needs to be cleared.
For now we have reasons to be optimistic.
Reef's baskets were announced this week which should /could be a positive driver of demand for many in the crypto space.
Volume and other indicators look good at the moment.
There is still notable resistance ahead - the green box on the chart really needs to be cleared.
For now we have reasons to be optimistic.
Note
A daily close above 0.04 would be an encouraging step towards a more bullish outlook.
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