REEFUSDTHello everybody
This is REEFUSDT 4h-timeframe chart.
Reef is creating incremental triangle pattern, although it has strong resistance over 0.056 but i think it can break and goes up.
I hope so much.
Please DYOR.
Good Luck.
REEFUSDT trade ideas
REEF/USDT long term buyingJust a short thought about long term buying. Today we have a good chance to buy this cheap asset, because of in future we will see REEF about $0.3 and more.
reef still accumulating and about to break outreef still accumulating and about to break out, my targets are green lines.
💡REEF: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#REEFUSDT
➡️Entry: 0.032$
🎯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!
REEF##########################################################################################
DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
##########################################################################################
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.
