REEF/USDT Detailed Technical Analysis#REEF/USDT TA Update:-
$REEF currently trading at $0.0082
As per chart currently in Downtrend.
And also Holding last Support level $0.007-$0.008
This range could be good price to accumulate for mid term.
But Strictly exit if break down this last Support level.
I am expecting $0.03 level if hold $0.007 support and break $0.01 level.
Breakout Point is very important for Bull scenarios activate.
Breakout Point = $0.01
Support:- $0.007
Resistance :- $0.01/$0.0170/$0.03
Reeffinance
REEF oversold on strong support area Reef chain is an EVM compatible blockchain for DeFi. It is fast, scalable, has low transaction costs and does no wasteful mining. It is built with Substrate Framework and comes with on-chain governance.
Now REEF is oversold at a strong support area.
We might see a bounce from here.
FEEF Token Analysis 15/04/2021Fundamentals:
Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings.
Work began on the project in the second half of 2020. Those behind Reef argue that the process of trading, lending and staking crypto is currently fragmented — creating “a painful experience for all of its participants.”
Reef aggregates liquidity and provides automation. It also aims to address the drawbacks associated with existing trading platforms. While centralized exchanges are prone to security breaches, decentralized rivals can lack liquidity and are often difficult to use.
Reef is geared towards newcomers, as well as current DeFi users who find it difficult to keep up with the best investment strategies. The company also wants to tackle the high gas fees that are seen on the Ethereum blockchain, which some claim renders DeFi protocols “unusable.”
When it comes to Reef’s unique attributes, one is linked to how any DeFi protocol can integrate into its operating system. Users can enter and exit into their chosen positions in a single click — and removes some of the hassle associated with managing liquidity pool tokens.
Because of how it has been built on Polkadot, Reef is able to support DeFi protocols on Avalanche, Moonbeam and Plasma, as well as on Ethereum and the Binance Smart Chain. As a result, Reef users have access to a broader number of platforms without requiring multiple accounts and a myriad of usernames and passwords that can be difficult to keep track of.
Reef was founded by Denko Mancheski. His motivation was to remove technical barriers to entry for retail investors who want to get involved with DeFi — and offer a straightforward decision-making process that takes a user’s appetite for risk into account.
Mancheski wanted to help crypto newcomers overcome the complexities associated with using order books, and enable them to learn how different protocols work with ease.
Born in Macedonia, Mancheski said that his passion for fintech led to him being introduced to blockchain technology. He has described forming a competent team as the biggest challenge associated with bringing Reef to life.
When asked about the personal attributes that will help him become a successful entrepreneur, he added: “I have a very addictive personality — I just can’t stop doing something until I get to the imaginary goal that I set for myself.”
Mancheski previously worked as a chief technology officer for Adel, a global crypto community that serves as a “technology incubator for blockchain innovation.” He was also appointed as CTO for Viewly, a social video platform without advertisements.
Technical Analysis:
there exist a Hidden Bullish Divergence of price and MACD Lines i.e. the bullish trend will continue as it show the ReAccumulation and price move up
there total of 4 targets defined by Fibonacci Projection where as we may have ample of Retracement in between
on TP we may have Distributions and Price Corrections.
3 TP gest it confirmation as the price Triggers the 2 TP followed by some price correction and Distribution.
REEF/USDT LongLONG
if
retake 0.016?
/retake is possible (or not), but even current
price looks profitable/
TP1 ~0.029; TP2~ 0.038
SL ~ 0.0145
REEFHi everybody long time noo see. Reef reef is above major support. The risk remains for bitcoin. You must use stop loss.
REEF BTC update predictions and analysisFollowing The DOT polkadot news on parachains next month I foresee good growth on the ecosystem and related projects
On the chart I put some notes with some ideas regarding resistance levels and targets.
Purple ascending channel nicely showing the uptrend continuation as well as fib retracements and extensions in confluence
White trend line also just for indication of where the trend could lead in confluence with breakout
1.618 could just be the start of the major bull run.
Timeline more or less in line with the rest of this year, with final TP4 around December
REEF BTC 2022 new analysisDescription on chart
Lengthening cycle in play
REEF not dead yet have some hope ))
REEFUSDT-LONGThere is a long position in REEFUSDT Reef
REEFUSDT Reef
🔵Long Now or set on Key Level 0.02110
🟢Target 0.02215
❌Stop loss 0.02070
#K_Level
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REEF breaks its downtrend for price and RSI. Recovery ahead?Reef Finance finally broke out of its latest downtrend that now lasted over a month.
The support around 0.0165$ held and we got a nice bounce that pushed us through the downtrend trendline.
Next resistance lines are at 0.036$ and 0.05$.
We spot a similar pattern on the RSI where we expect the next resistance to be around 70.
Currently 16 billion REEF tokens out of 20 billion are in circulation.
This is good in terms of inflation risk, meaning there is basically none.
The current price level looks like a nice entry for a long position.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
REEF Dream ChartThe Reeffinance project is a good cryptocurrency. It has been on the decline for a long time. This is my dream chart. It contains only my opinion. NOT FİNANCAL ADVİCE / YATIRIM TAVSİYESİ DEĞİLDİR.
REEF almost bottom and potential to increase 250%DCA is the best strategy.
DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment.
REEFUSDT-LONGThere is a long position in REEFUSDT REEF
REEFUSDT REEF
🔵Long Now or set on Key Level 0.02375
🟢Target 1 0.02525
🟢Target 2 0.02700
🟢Target 3 0.02970
❌Stop loss 0.02222
#K_Level
REEF Perfect ENTRY for a LONG Position.Reef is looking very good for a LONG position right here.
REEF sits exactly at support level.
ENTRY: between 0.024-0.025
STOP LOSS: 0.02063
TAKE PROFIT: 0.05616
*NOT FINANCIAL ADVICE* *DO YOUR OWN RESEARCH*
REEF in the support zone - could bounce here! Here's a quick Look at REEF 4 hr chart. As we can see, the price has been forming a bigger descending triangle and we could see a bigger break either way soon - BTC just need to get stable! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the descending triangle with good amount of volume .
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The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart.
Targets:
1. 0.0295$
2. 0.032$
3. 0.034$
4. 0.038$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
reefusdt is at a good support level reefusdt is at a good support level after an acceptable and minimal correction. Now, after breaking the 4-hour trend line, we expect an acceptable profit.
Finally REEF inside this big value area 😲😲REEF has breached the lower boundary of the big value area. The price is now inside this area and has tested the lower boundary as support. This is a good signal. The first target is the middle of this area. The second target is the upper boundary of the big value area.
But it is worth mentioning that bitcoin has grown very strongly and in case of a correction all altcoins will also be very strongly corrected, so watch your risk management.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
🆓Reef (REEF) Nov-7 #REEF $REEFREEF is increasing quite strongly in the past few days and it is about to start a new rally to $0.045 and $0.055 zones. The $0.034 and $0.03 zone are strong support zones and possibly the bottom of this correction that we can buy.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.034$ zone
🔴Buy : 0.034
🔴Sell : 0.045 - 0.055
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.034$ zone
🔵Sell : 0.034
🔵Buy : 0.03 - 0.026
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
reef scenario while btc cant obtain enough volumereef may repeats previous movements,be cautious another pike below 200 ema support ,over 0.040 price can make another parabolic movement
REEF, catching the next moveLast REEF trade went well, so I'm looking at this next entry
- Bullish structure on the daily
- Bounce on strong support
- Bounce on 50 EMA
Conservative target @ 1.618 FIB
Aggressive target @ $0.49 (daily resistance)
Happy trading y'all
Reef is ready to 🚀(Spot)Reef is undervalued and insane in pumps!
Personally, will not enter with a large amount here due to possibility of bitcoin falling and the orange scenario.
so please make sure you buy after breakout.
This guy will be so bullish until that uptrend line is broken. If orange scenario occurs I'll buy the dip :)
reef scalpanother reef scalp setup,open position when price drops below 200ema,otherwise wait for retest of flag's res