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.
REEFUSDT trade ideas
REEF - short it if you needIf BTC drops to 44000, I will be buying more reef here. For me 50000$ BTC was a little bit fake out. Something is telling me we will see another drop then maybe bounce back. We went to 50000$ too fast.
$REEF long 5X new support area $0.0231
breaks almost the resistance $0.0256, i retest more and it's rally for $REEF
targets short term $0.04 / $0.05
REEFUSDT Bearish ConfirmationREEF has created a strong resistance on Fibonacci 0.5 (0.024260)
Short entry should be any price higher than 0.024260
REEFUSDT AnalysisREEFUSDT has hit its major resistance at 0.02524 (Fib 2.618)
Fib 0.382 must be retested.
Buying Range: 0.013 - 0.014
REEFUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. as you see. In case of breaking the resistance line and stabilizing above the line, we can enter the trade for the above goal. But if it can not break the resistance line ahead, we consider the fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 REEF Long-Term TargetREEF has seen decent gains since late July, which is in line with the rest of the market.
Assuming that Bitcoin will remain relatively bullish in the coming weeks, I see REEF reaching the $0.055 resistance within the next two months.
Happy trading!
REEF LONGNot Financial Advice! Reef has a lot of good news and a good community around, we've seen a big increase in volume in the last week. Reef next target is 0.034 where is a big resistance at the moment. Risk of this trade is 3%-8% and possible earnings over 50%. Keep an eye on BTC this weekend. Peace!
Reef heating upREEF IS GETTING HOT, AS THE MARKET CONDTITIONS ARE NOT THAT MUCH good
so enter in spot in reef. expecting minimum of 50% in mid term.
Reef in bull mode right nowJust example how I see this. Its not a financial advice. Always do your own reasearch. From my point of view Reef Finance seems to be very strong project. Its still very young project but the team has made a lot of stuff in short amount of time. If we will see double top of BTC it might go to 0.10c even this year. Thx.
REEFUSDT - Weekly Clear 📈Watching REEF on the weekly chart. We rejected from resistance and watching now for a possible weekly bullflag and a new attempt to break resistance.
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the front page because there are so many ideas on the platform and the algo picks the one with more likes 🤖🤖. I think once I have around 20 likes/idea my idea will be shown in front 🥳🥳. It would be awesome if you could like my idea, (only if you really like it of course) 🤪! I believe that the more we can interact with each other, and share thought about an idea, the more we can learn! 👩🏫🧑🏾🏫👨🏻🏫
Furthermore, I made a challenge for myself, I will add 1 idea for every new follower🦹♀️ So if I have 1 follower each day, I will add 1 idea. If I have 10 followers, I will add 10 🏌️♂️ It’s fun for me and you! More followers = more ideas = powerful community! 💪💪💪 Besides, all the ideas are … FREE 🥳🥳🥳
⚠️⚠️ If you want to know how my previous ideas played out, > push the play button on my previous ideas and check it out 🕵️🕵️
Is there a ticker you want me to look into? Let me know in the comments below ⬇️⬇️⬇️
LONG $REEF If the $REEF stays above 0.23fib, there will be a green candle from tomorrow and it will go to the target very quickly.
REEF/USDT Chart AnalysisReef/Usdt looking hard bullish, and it's not pumped yet so buy now and hold tight, Thanks me later.
#Reef Usdt LongI think it's time for the reef to move
We saw the presence of Bolish in the reef a few days ago
Your own risk
Do not forget to like and follow
REEFUSDT Technical Analysis
REEFUSDT has broken above a significant resistance. After retest and several rejections, it might go lower to retest the Pullback zone before it goes up.
⬆️Buy now or Buy at 0.022295
⭕️SL @ 0.020153
✅TP1 @ 0.026055
✅TP2 @ 0.026841
✅TP3 @ 0.028000
✅TP4 @ 0.029000
✅TP5 @ 0.030000
✅TP6 @ 0.033000
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
REEFUSDT - Breaking pattern, will go North(east)?Hi buddy, just checking BTCUSD 1h, hope this trade work. Good luck. trade wisely. all SL TP on the chart
REEF TSoS September 2021There is support around 0.022 and again at 0.018.
You can see that RSI is high at present and previously it has dipped after reaching these levels. That should bring the price back down to around 0.022. If BTC doesn't nose dive on us it shouldn't come down much more.
If the current up trend continues that would also mean that the price should not drop down much below the first support. However to give a little room I've set the SL below the second support line.
First TP would be at the 0.036 as this is where there is a lot of existing liquidity. Move SL to entry.
Second is 0.046 as this is the upper side of the liquidity and move SL to 0.028.
Let the remaining ride to see what happens.
REEF trading planBroke Cup and Handle pattern, best to wait for a pullback for a better R/R. Target price is for acceleration phase (if it goes parabolic)
REEF is Long. The chart says it all. It’s really simple. REEF took that resistance as support and began another leg up. Bullish divergence on the RSI, you can see that uptick in the ATR, and the exponential moving averages align from 55 to 8 carrying the momentum of the bullish trend. Tight stop loss as you can see because I am either right or wrong immediately. And it seems I am right.
REEFUSDT is testing the 4h resistance 🦐REEFUSDT is testing the 4h resistance, if the price is going to have a breakout, 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.
$REEF- Ship has sailedThis is one of the coins i believe that is still good for a buy in ow for a swing trade. It need to get itself above 0.037 key resistance level to reclaim its uptrend line.
Yet to make the 200 day moving average cross.
About 70-75% profit from the day of the first chart
ReefReef looks good at the moment. Expecting a light correction towards the neckline of inverted head and shoulders
