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Reef / Tether

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REEFUSDT trade ideas

REEF in the support zone - could bounce here! Here's a quick Look at REEF 4 hr chart. As we can see, the price has been forming a bigger descending triangle and we could see a bigger break either way soon - BTC just need to get stable! Definitely one to keep an eye on. The best entry would be, when the price breaks above the descending triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart. Targets: 1. 0.0295$ 2. 0.032$ 3. 0.034$ 4. 0.038$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
RLong
by MBM_Crypto
2
REEFHello my friends . Once again, I bring you a very strong analysis with the Elliott Waves Strategy (Robert Miner style). Reef is another good digital currency on the market. According to the analysis, it is in wave 3 (blue) from wave 3 (red) and also the price is at the point where the static and dynamic resistance and the Fibonacci ratio (62%) (end of wave 2 (green)) (This is called the golden Point among us traders) and due to the high volume that is traded in this area as well as being in the strong wave 3, the reef is expected to cost ($ 0.16) means to give about 500% profit --- Full video of Reef analysis on my YouTube channel
RLong
by mehrdad7rostamzadeh
5