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REEFBTC

REEFUSDT (REEF) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - REEFUSDT brokeout above the descending trendline resistance (DTR) as expected from my previous analysis. - The market hit a swing high and retraced. - Price is retesting the descending trendline resistance (DTR). - RSI is printing a bullish divergence signal (BDS). - The market is consolidating in a rectangular pattern. - This rectangular consolidation pattern is known as the accumulation phase (AP) (wyckoff method). - The accumulation phase (AP) is a bullish build up phase (pre uptrend). - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Breakout above the accumulation phase horizontal resistance level (R1). TARGETS 🎯 - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Horizontal resistance level (R4). SETUP INVALIDATION ❌ - Breakdown below the accumulation phase horizontal support level (S1).
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by Chibuike_Odoh
The nearest future of REEFReef price heva retested the 200 EMA yesterday, but decreasing volume isn't a good sign. According to the current situation with Alameda, reef seems like a very risky trade. The price can still grow, but a lot of people went out from this currency and probably won't come back - surely not in the nearest future. We also don't know how this drama will end. BUT it's still a very ambitious and good project, which can achieve a lot. Reef team has planned a few significant events for the march, which can cause upside price moves. If you want to buy it, you can look for an entry after breaking the current resistance level. Just don't forget about stop loss - we can experience further price dumps when more bad news will be released. If you want to go long term, you can place it below the trendline. For short term, just wait for breakout and place SL below the resistance. (Not a financial advice)
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by SmallCryptoBoy
1
REEFBTCOne of the best things to do in this market when everything is falling is studying how each coin reacts to the Bitcoin crashes. For example, we all remember that while Bitcoin was falling, REEF started to become active and pumping up without any attachment to Bitcoin. So right now that Bitcoin is about to (maybe) fall, even more, We can see REEF is on a wedge, indicating a breakout. So my idea is to buy and holding REEF until those TP areas. (shown on the chart) Tell me your ideas. Like and Share 🗣✅ Comment if you need a chart 💬
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by ShawnMCR
3
REEFUSDTREEF was one of the hottest coins today on Binance, And maybe most of you guys are having this FOMO and wanna get in. Well, here we go: it cooled off a bit, but now it rising back up... I think maybe it's following the same path as CHZ. (You can check CHZ on my previous idea.) The wisest thing to do is to wait for REEF to break this resistance and then if it confirmed and closed a 4H candle above that TP area as I showed on the chart, it's a good time to open long positions.
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by ShawnMCR
6
REEFUSDT (REEF) - POTENTIAL BUY ENTRY ANALYSIS - REEFUSDT is bounded in the ascending channel (AC). - Price hit the ascending channel resistance and then retraced for the retest of the ascending channel support and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - The retracement was resisted by the descending trendline resistance (DTR-1). - Price brokeout above the descending trendline resistance (DTR-1) due to the high buying pressure at the retest zone. - The market is bullish. - Price is currently experiencing a minor retracement to the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - This retracement is a resisted by the descending trendline resistance (DTR-2). - Breakout above the trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance (DTR-2). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Ascending channel resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending channel support.
RLong
by Chibuike_Odoh