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Reefusdt

REEF - full analysis for 8th MarchREEF has stabilized in recent few days and entered to a horizontal channel. We can also see a squish at the BB on 4h chart. TP targets are at the 0.043 and 0.053, but after a break through 0.053 we'll most probably see a ride for the new ATH. For now, we can have 3 possible scenarios: Break through resistance at 0.043, retest and ride to 0.053 Consolidating at this level for a few days and bouncing off the resistance before breakout Trend reversal and breaking the 0.037 level - then going down to 0.027 Most probable are the 1st and 2nd scenario. Why? Looking from the technical aspect, we can see a divergence at the RSI (Better visible at the 2-3h charts) which is basically indicating bullish move in the nearest future. Besides that, we're currently sitting at the level of strong support (recently retested 5 times, also it's a 0.382 level on fibbonaci and bottom band on BB). After breaking the current ATH, next TP target is at the level of ~0.073, which is a 100% price growth from now. Now taking a look at the fundamental aspects, REEF Finance have big plans for the rest of the March. We have planned Polka DeFiance for the 18th of March and a few upgrade plans: - Kusama Deployment - ChainLink integration - Dot Basket Engine - Reef Basket Engine (v1) - Yield Engine - ETH Deployment Testing (v1) - Multi-Ecosystem Support With that being said, we can be certain that REEF has one of the ambitious plans for the March and a lot of new people can become interested in this coin. The best entries will be after the retest of current support level, or after breakout through support - when you enter depends on you and your risk tolerance.
R
by SmallCryptoBoy
2
REEF - DOT Jr play - initial channel developingREEF - DOT Jr play - initial channel developing Whats better than buying a big cap that is already in the top 4? Buying it's little offspring (man that sounds bad). Thats the idea anyway. REEF POLS RING EDGE This lil minnow just got started, yet another liquidity aggregator for the DEFI space. Apparently cross chain/DEX/CEX. Sounds like hype to me. And during bullruns hype is the name of the game. "Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets." Alexander Elder
Long
by Crypto-Quantum-Fox
8
REEF BULLISH WEDGE (Short-Term) I don't have an attachment to any asset or project. If a coin presents a good trading opportunity for me, I will trade it. Long or short. It doesn't matter to me. If you are a trader, this is the mentality to have. I don't love REEF, nor do I hate it. I've done MINIMAL research on REEF, I am aware of a few fundamentals that count for 1% of my decision on trading REEF; though, I do think REEF has great potential. With that said, take this idea with a grain of salt. Before doing so, have a look, my previous ideas (attached links), it could give you an idea about my previous TA ;) REEF/USDT is currently in an Ascending Broadening Wedge formation. A typical broadening wedge of this nature "should have at least three distinct touches (or near touches) of the trend lines on each side. This helps assure proper identification and performance of the formation." It typically breaks out to the DOWNSIDE . Do take note of my expected Fib target. Since we are in a Bull run, a few percentages higher are possible, perhaps a TOTAL of 217% profit . I project a reversal from those regions to take us to the initial launch price. My verdict#: Bullish short term - Bearish Mid term - Bullish long term. Please comment or like if you agree with this idea. Confidence Level 8.5/10 Good luck!
RLong
by BlacksmithShinobi
14