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Reefusdt

[55%] (LONG) REEF / USDTReef lost 38% of its value in 10 days. "the time to buy is when there's blood in the streets." Analysis : - triple bottom on the RSI support - We can break the resistance of the yellow triangle before touching the support of the canal - Second resistance 0.04$ - 0.042$ 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. 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.
RLong
by HolderYoda
2
Reef - Time for a comeback or more pain?Reef is currently in the middle of it's descending wedge. I'd be looking for a breakout or entry on return to support. The long winded consolidation and lower entry prices may bring new buyers to the table. Seems to be a bit of a smear campaign on the socials at present which may be impacting price. Personally I'm long on it but took a position early enough to have breathing room. In saying that, the exit was clearly 5c and forcing myself to hold the bag through this retrace has been unpleasant to say the least. Hopeful for a surge as retrace meets support. As always not financial advice. Just my thoughts and TA. Bingaz
RLong
by Bingaz
8
REEF/USD - UpdateA quick update: I wanted to show everyone that the recent decline is rather normal, as we have still yet to hit the 50% or 61.8% fibonacci levels. What sticks out here, is 3.2 cents, and 2,8 cents. If we move the retrace up, to start from a higher value, we still have the 3.2 cents area as our 61.8% value, and the 3.45 level as our 50%. So we should drop down past this point, and hit 3.2 cents. This is a falling wedge pattern, meaning it will likely see a bullish reversal. Keep you posted.
RLong
by Shwayze
7
REEF 1H IDEAFor me, this is definitely the end of the party with everything DEFI makrets after doing my own research. We are in the euphoria phase on the Wall Street chart. Keep your eyes peeled for big brother BTC as it is shaking up the entire crypto market. Despite the fact that the street doesn't know so much yet, I would go out 40/50% of my capital and accumulate profits. For all the people who are playing long term 1-2-3-4 years, I keep my fingers crossed because let's believe in technology and not in green candles. I would like to thank all those people who have been following my actions, I have my horses already bet for long term and they are: BTC, ETH, LTC, DASH, MONERO, BSV <---- which is the only one that is consistent with Nakomoto Satoshi's vision. Considering the horses I would bet mostly on fees on the network and there are very worrying things happening in the crypto world as most cryptocurrencies are not really decentralized. Remember this is just an argument from someone on the internet, always do your own research.
RShort
by AISTOSHI
REEFUSD (REEF) - UPTREND CONTINUATION ANALYSIS 🔎 - REEFUSD hit a swing high and retraced. - Price retested the flip horizontal support, 0.618 fibonacci retracement level and ascending channel support. - The retracement is bounded in a bullish flag pattern. - Breakout above the bullish flag could be an uptrend continuation signal. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). - Conservative entry : Breakout above the bullish flag pattern's resistance. 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
Reef has formed Gartley | Upto 51% move expectedHi dear friends, hope you are well and welcome to the new update on Reef token. On the daily time period chart, the priceline of Reef with BTC pair has completed the formation of bullish Gartley pattern and entered the potential reversal zone. There is also 25 simple moving average support in the buying zone. On daily chart, It is also at the support of an up-channel as well: this trade has a huge profit possibility up to 51%, and the loss possibility is 12%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
RLong
by moon333
3
REEF/USDT 4H Timeframe entry points (1:3 risk/reward ratio)Weekly timeframe: Looks bullish, but i think it's just retesting the previous resistance. Just broke above a bullish tunnel. Daily timeframe: Looks bullish (price above 20MA) Tested the Daily support on 0.037$ and is now heading to the next Daily resistance 0.046$. 4H timeframe: Price increasing Testing resistances at 0.04 1H Timeframe: Double bottom pattern Strong Daily support 0.037 Next Daily support is 0.046 Strategy: 1st entry (75%): 0.039 2nd entry (25%): 0.037 Stop loss: 0.036 (below wicks on the left) 1st exit (breakeven): 0.045 2nd exit: 0.0475 Good trades! BM
RLong
by bmsmp
1
REEF - An entire market correcting, Reef FUD, and the FutureReef has had a solid couple weeks, being down as low as .006, with a bull run hitting over .055. After the 900% run, Reef starts to correct, as well as the entire Alt Market - as Bitcoin surges to a new high. This seems pretty normal here. FUD: A Reddit user has created a popular post today, titled 'Reef Finance Flags, be careful'. This user has over 8000 Karma, and many posts. The entire post seemed to be about a shift in the circulating supply of REEF, accusing the team of originally lying. They said they caught an address with another 0.5 Billion coins being added recently. He then tried to chat with their telegram support, which was limited to one question every 15 min. His opinion: Reef was a scam. Future: I mysef went into Telegram, this Reddit post making Reef so popular that every second an admin was barraged by the same question. The first pinned post had the answer - the coins added recently are to pay for the parachain, which Reef must secure itself. Their Roadmap shows they will venture to Kusama first, not Polkadot, so avoid the speculation that 'they won't get a parachain'. This is not true. This rumor ended up proving to be false. Reef Finance is a highly hyped project, with an impressive array of partnerships, and one of Polkadots Defi tokens. I believe in the middle term, this project will be successful, has already seen a lot of hype, and is not even fully ready to launch yet. Short term, we should see some consolidation. Overall: Bullish Targets: .032 - .028 - Buy zone. The Fibonacci retrace has hit the 2nd level of support, but this does need to come down further to be a healthy growth cycle. This is not something abnormal.
RLong
by Shwayze
7