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Reefusdt

REEF/USDT Price ForcastThis is my second publish. I am eager to know what your opinion is about REEF FINANCE. Please do not hesitate to comment and like. Thanks What is REEF: Reef is a DeFi platform built on Polkadot to deliver cross-chain trading. Reef aggregates liquidity and offers automation. It also aims to address the security issues and other problems with centralized trading platforms, providing a decentralized environment to users to trade. Technical analysis: REEF has tested the trend line support successfully and breathed out, maintaining a healthy bullish pattern. ATH is $0.30 which would be expected to reach. During the rise and fall of altcoins, REEF/USD has maintained the steady and healthy rise, which makes it one of the assets to consider investing in. Fundamentals analysis: Due to recent events and issues with centralized trading platforms such as Robinhood, the demand and need for decentralized trading platforms is becoming a dream for investors and intratraders, specially amongst retail investors. REEF FINANCE claims to be the solution and their journey had begun even before the recent events. Market Cap: The market cap of REEF is way less than the market caps of other altcoins with no revolutionary objectives, giving it the room to increase. Providing that it increases, the price of the token will rise with it too. USDollar: There is no doubt that USDollar is getting weaker and weaker. That makes all the assets price rise, including REEF. Concerns: Not everyone knows about REEF FINANCE. It is a fairly new project, making the investment riskier and at the same time an asset with a higher potential to gain a larger margin. Opinion: Considering the technical and fundamental analysis, and the risk to reward ratio, REEF/USD seems to be a great investment with a high ROI. I am expecting it to reach $0.30, then a 30% pullback, and then aim to penetrate the $0.30 level. the numbers can sound "dreamy", but due to above analysis I think it will be achieved. ------ NOT FINICIAL ADVISE ---------
RLong
by SamSamie
2
REEF/USD - Ranging before push to 7 cents!REEF is currently ranging as indicators on 4h are a bit flat without a clear trend. If we dive in lower timeframes we will see REEF wants to go higher! However REEF already pumped a lot these past two weeks therefore it is normal for price to take a pause here. I still expect REEF to do at least one other leg up before a more sustained correction. That can take us to $7 cents or above! For that to happen we need to remain in this ascending channel and support has to hold. If we fall out of the channel then we will be in a longer correction. This scenario is unlikely right now. Bias remains bullish and will remain so until we break support. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
RLong
by DU09
1