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REEFUSDT trade ideas

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.
RLong
by BitonGroup
16
REEFUSDT AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and lower target: 0.022 and 0.0255 after first target reached move ur stop to breakeven stop:under 0.016 (depending of ur risk). ALWAYS follow ur RM . RR 1 to 5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas!
RLong
by trytofeelpositive
2
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
RLong
by tumbler55
2
REEFUSDT is testing the daily supportREEFUSDT is testing the daily support and the price is creating a descending channel on 4h timeframe. IF the price is going to have a breakdown, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
RShort
by InkyGrip
2
REEF looks pretty goodBINANCE:REEFUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️2 markers on global fib. Red one Reject in September than breaking out downtrend line and now we retested on D1 timeframe this line ➡️MADC and RSI - bullish ➡️Should break this local resistance line with price target to continuation ➡️ Coin now almost on summer price level and not so far from fundamental price. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
RLong
by Crypto4light