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REEFUSDT trade ideas

REEF COIN ! Secret Gem Reef coin slowly heating up and getting ready for massive rally! Price action staying above exponential moving average EMA 20/50/100 and just under Ema200 on the daily chart. Bollinger bands is currently narrowing down opening up more space for next action. Still not late to get in on an action on this coin. Once we break $0.03 usd , $0.04 will be the next target. Ultimately $0.08-$0.09 is my mid-long term targets. RSI(14) sitting strong at 57 points which could indicate start of another rally. If we can stay above ema200 for a little while, GOLDEN Cross may happen and trigger the fun times. Soon Reef credit card is coming up and recently they lunched their main-net which allows people to stake their coins. Which could also mean less coins in circulation( Cardano did exactly the same last year then they grow 20x . Reef coin giving me similar vibe)
RLong
by SpaceCatZ
REEF- Our Weekend Trade 🤲Best of all worlds (REEF Official website) Reef chain integrates the best aspects from most commonly used blockchains while maintaining full smart contract compatibility. reef.finance Introducing Reef chain Reef chain is an EVM compatible blockchain for DeFi. It is fast, scalable, has low transaction costs and does no wasteful mining. It is built with Polkadot Substrate and comes with on-chain governance. News: The Decentralized Finance (DeFi) blockchain, Reef Finance, has built an alliance with the Bitcoin blockchain Jax.Network. The teaming up of these two eminent blockchain networks will offer clients a reliant, profitable, and decentralized blockchain conformity system. This association with the Jax.Network will further strengthen the ever-evolving Reef Chain market realm. The consolidation of Jax.Network into Reef Finance’s network system is a mining transaction on the Bitcoin blockchain that follows Satoshi’s business concept for an automated funds operative. For the purpose of warranting a secure blockchain token system for periodic cash exchanges and investments, the JaxNet mandate’s homegrown stablecoin and crypto token, ‘JAX’, will help advance this financial ordeal. Let's see if the Reef can fly from the ocean, the FXPROFESSOR
RLong
by FX_Professor
4
Ascending channel on REEF REEF is carefully riding this ascending channel to the top. I remain bullish on this. Reef may ride the channel until the $0.03 resistance and break through the resistance and the ascending channel then pump massively to $0.05. I’m holding my long position which I started at the entry point on the chart. I had taken profit earlier at $0.026 and took a position again at a small retrace to $0.023. I’ve also adjusted my stop and I’m riding this full wave.
RLong
by Rileytosin
REEF/USDT Update: Moving within rising channelIntro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - REEF continuous its recovery and trades within a rising wedge drawn using purple lines. - The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets. - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume. - Currently we sit above the new support around 0.22 Expectations: - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
RLong
by tumbler55
2