REEFUSDT.P trade ideas
BULLISH on REEFGET READY FOR REEF'S MAINNET TO BE RELEASED SOON, GET YOUR BAGS IN RIGHT NOW, BEFORE IT SKYROCKETS. Fundamentally looks healthy, the volume is still above 500 Million, the breakdown was a fakeout. today up 11 percent. The daily candle can potentially engulf. It may be catapulted soon. This is not financial advise. The link and news is attached below
finance.yahoo.com
REEF - STILL CHURNIN?After a nice 20% move to the upside, it looks like REEF still has room to grow & isn't exhausted yet.
Just this morning we had some good news released about REEF's mainnet launch going live before the end of May.
In my experience when something like this is announced, the price will slowly bleed to the upside before the parabolic move.
We've had a ton of volume come in in the last 24 hours & the moving averages are extremely bullish signifying a strong buy.
I think this move could take us above 0.04, close to 0.05 & beyond if key resistance levels can be broken.
**Not financial advice, DYOR**
Token sowap reef coming soon. Hold ReefReef is going to build its own block in us
Holders of this currency will be rewarded for their patience
REEFUSDT Elliot Wave countI'm only feeling 60% confident in this wave count, but nonetheless I think the upside is considerable. Consolidation period has taken 45-ish days - the larger the base, the higher in space. Keeping tabs.
reefusdt short analays Will Reef return to the competition? If you are looking for a short term analysis of the reef, this analysis can be useful.
Holding $Reef is a Unicorn Reef Mainnet in May is the catalyst for this movement
Current all time high is $0.30 and will break that most likely during this run up
Long term being built upon Polkadot and partnering with all major Defi projects this is easily at $30 coin or more
#REEF/USDT - Potential 138%#NEWS
#REEF/USDT
MainNet
BuyZone: 32000 - 38000
TP1 - 47760
TP 2 - 59175
TP 3 - 74500
TP 4 - 89900
SL - 24300
UPDATE: REEF Bullish for April & May - new ATH > $0.05SUMMARY : Bullish, recent drop to $0.31 was great entry point. Dip was caused by massive BTC sell off.
-- Technical --
Accumulation in channel continues.
Resistance $0.05
Support $0.03
There is strong support at the $0.032 level and is still holding.
Bollinger Band 1D, candles pierced through the lower band and is an reversal.
-- Fundamentals --
Reef is DeFi for the Polkadot blockchain (DOT) and DOT is live with their Web 3.0 mainnet and growing utilitsation.
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
REEFUSDTanticipating flat then price could drop abc to complte WXY price corrective structure.
#DYOR
#JournalPurposes
#ForeverStudent
