REEFUSDT trade ideas
REEF TriangleMy prediction for $REEF, if it breaks the triangle we probably have a long way up to the top. - not an investment advise- #REEF
REEF/USDT Long PositionEver since its initial listing, REEF has moved nicely in an upward channel and is still yet to break it in over 3 months.
We're currently sitting at the bottom of the channel, not far away from support. Looking to pickup a long position at the bottom of this channel.
There is a lot of new releases for the platform anywhere from the start of April to the end of June. Potential for very nice gains over the next 1-2 months.
reef bull actionalthough classic technical is not my personal method, but i see an obvious bull action in reef to the first target and maybe beyond
REEFUSDT 🐠 - on the 4hourly BINANCE 360 Elite Trading Course
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**Not Financial Advice: please DYOR**
Charting:
Trend lines
Support & Resistance
Channels
Flag
IMO there could be more brief sideways action before breakout towards estimated exits (for traders).
**However please do your own research** 🤖
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REEF - Buckle Up!REEF is overall bullish, trading inside our blue channel. and since it is currently sitting around the lower blue trendline, we will be looking for trend-following buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, REEF would be overall bearish (from a short-term perspective) and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Road Map for REEF/USDT APRIL Month Here is my humble view of REEF for the next month ..
After the dump of last Alameda News and the FUD , now comes the recovery because everyone is shaken out ...
Entry : 64-65 sat (0.0345-0.038)
Stop Loss : Close daily below 0.032
Targets :
0.045
0.056
0.072
0.11
This is not a financial Advice, just a share of an idea .
REEFUSDT will take off soonREEF is getting ready for more upside. showing seller exhaustion on the 4h macd , it should break the triangle and minor resistance around $0.0405, which should take price up to the next resistance at $0.0439
Once it breaks that resistance it will be smooth sailing up to $0.056. The eventual target is at $0.065 the length of the triangle.
🔥 REEF Triangle Break Out On The HorizonAfter seeing some weeks of poor performance, REEF is currently on the verge of breaking out of a major triangle, potentially starting a new bullish push upward after breaking out.
I'd advise waiting for the triangle to break before going long.
Happy trading!
1 ok, 2 ok, 3... Will fail? IM BULLISH!!Everytime we got a green dot at bottom REEF answered very well. Are we against an other opportunity the make money? Im in.
