reef still accumulating and about to break outreef still accumulating and about to break out, my targets are green lines.
REEFUSDT trade ideas
💡REEF: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#REEFUSDT
➡️Entry: 0.032$
🎯Target 1: 0.044$
🎯Target 2: 0.056$
🎯Target 3: 0.071$
💜REEFUSDT 4H-TIMEFRAME ANALYSIS👀💜REEFUSDT 4H-TIMEFRAME ANALYSIS👀
Hello ladies and gentlemen
This is my new idea for 💜REEF FINANCE👀 REEFUSDT
I expect the price to move higher...
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
REEDUSDTFor me, head and shoulders is a good sign I see REEF ascendant. good to hold.
"Like and comment if you did like the post"
Reef - inverse head and shoulders?Continuing on from previous idea about Fibonacci Channels....
Despite the promising upwards move in price, Reef seems to needs to check its 20MA is still there for it, like a security blanket. The price bounced back down off the 0.236 Fib line, and is possibly about to bounce back up off the 20MA (And 50MA as the price has been sideways long enough).
The potentially good news is that - If Reef does now bounce back up off the 20MA and make it back to the 0.236 line, it would complete an inverse head and shoulders pattern that's pretty visible on the 1 and 4 hour time frames. At the time of writing there is there a glimmer of evidence that this is in the process of this happening.
Should it happen...
The price target (based on distance from tip of head to neck line) lands quite nicely on the 0.5 Fib line. This would suggest that the previous idea about an Elliot Wave style pump could still happen.
Based on previous price action, a back test of the below fib line would then be nice to see, as it could indicate the set up of the Elliot Wave movement is happening, leading REEF towards ATH territory.
REEF Bullish for April & May - new ATH > $0.05-- Technical --
Trend is forming new Higher Lows and is respecting a newly formed daily trend line as a support.
Bullish Pennant forming.
There is strong support at the $0.032 level.
Bollinger Band are tightening and expect increase volatility in the coming week and see positive price action.
-- Fundamentals --
Reef is DeFi for the Polkadot blockchain (DOT) and DOT is live with their Web 3.0 mainnet and growing utilitsation.
Reef is also available on AXX the London Stock Exchange's new crypto platform.
Happy Bull Market come Alts season.
Please like, comment and share.
REEF Will soon see a bigger move! Here's a quick update on REEF 4 hr chart. as we can see, the price still hasn't moved so much. Soon we will see a bigger move - Maybe a revisit to previous ATH! Keep an eye on this one!
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 0.044$
2. 0.0465$
3. 0.055$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
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DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
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REEF short term targetlooks like a symmetrical triangle in an uptrend.
let me now what you think in the comments
A better understanding of the Reed story?Decided to have a look at price using Fibonacci channels.
The 4hr time frame here shows a relatively clear picture of price moving in relation to the channels.
I feel that the Fib channels better depict areas of resistance than the green box I had drawn on previous charts (and are more useful).
This analysis would suggest a price of 0.042 will be the next major point of resistance to be tested. Following that price will hopefully move up to 0.048, before back-testing support at 0.044.
If these happen successfully, a pattern akin to that of the 'Elliot Wave' beginning on Feb 28th could form.
As always keep an eye on the volume.
Declaration - I'm definitely nothing more than an amateur with either Fib, and Elliot Waves! Please feel free to comment and educate if you see problems.
Reef Baskets pushing demand?Reef appears to be in the process of breaking out of the symmetrical triangle, following a possible back test of previous resistance yesterday.
Reef's baskets were announced this week which should /could be a positive driver of demand for many in the crypto space.
Volume and other indicators look good at the moment.
There is still notable resistance ahead - the green box on the chart really needs to be cleared.
For now we have reasons to be optimistic.
Go LongREEF continues on a nice uptrend on a channel going up. Both 1hr and 15 mins suggesting so. Look for buy enteries on the 15mins time frame and take profit at 0.042
$REEF Is readyLoving the look of REEF here sat on a very key support and retesting its breakout. Expecting an explosion on this one soon...
