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Reef - The Gateway To DeFi Hi Guys, For those who have Reef coin in their portfolio know how valuable this project is. Every startup needs momentum to gain trust among investors, especially a startup that brings something new to the DeFi and blockchain ecosystem. The Reef Finance project is attempting to create a platform that combines all of the various DeFi applications in one place, easing user access to the DeFi ecosystem. With Reef Finance it becomes possible to buy, trade, stake, loan and borrow a variety of assets in one platform! Imagine trying to create a system of bank accounts in a number of countries and different currencies, and then using those accounts to shift money around. It’s going to be complex and it’s going to encompass not only a number of banks, but also all the infrastructure behind those banks, which isn’t necessarily connected (such as SWIFT and IBAN). A similar thing is happening now with DeFi. Currently there is a high bar for entry into the ecosystem. New investors are confused by the need to work with so many different platforms and manage wallets across all of them. The fear of making a mistake is real, and many stay away simply because of that. In addition to the issue of using multiple platforms to accomplish many strategies, there’s also the inherent complexity in the technology behind the systems. All of this combines to freeze many investors, keeping them from participating. It’s Reef’s plan to change this. If the project is successful, a bright future awaits it, and it will certainly attract more investors. Especially because the Reef Finance team introduces an innovative solution!
RLong
by Promazin
3
REEF Out of triangle What now? 🔔Hello Traders. I hope you are having a wonderful weekend. Today I want to share my thoughts on REEF. Well as you can see in the 4H timeframe, price has broken out of the triangle and is ready to move to the upper side. Targets and Stop loss are shown in the chart. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on REEF and don`t forget to comment what you think. ✌
RLong
by Existansilon
Reef's trend has been favourable.Looking again at Reef since it entered the existing rising/symmetrical triangle on Feb 28th. Now with redrawn support line since market correction on 5th April. The previous support line is the dotted red line. Both lines fit well. Since entering the triangle, Reef has been above the 20MA for 25 of the 40 days, performed slightly better than BTC, and is up approx 40%. At the moment it needs to break above the 20MA and previous support line, which is now acting as resistance. If price moves out of the top of the triangle, it will need to move though $0.04 and probably $0.046 to really be clear of all previous resistance. Measurements suggest a target of 0.06 might be possible if/when this happens. Although price is currently moving up to test the dotted red previous support line, volume is weak and will need to be as strong as on previous break outs - see Feb 11th and March 12th. Note that this built progressively over a few days.
RLong
by AntSchmitt
2