REEFUSDT trade ideas
REEF BULLISHApologies for the abstract chart. All lines serve a purpose. Please focus on the lime/green lines. The mid scale of REEF is currently trading within an ascending channel, right now, we are in an ascending triangle, we can breakout within the next few days/weeks. Looking at a target and strong resistance at around $0.066.
Reef is ready for another Breakout! Don't Miss.On 1 DAY TF
-Symmetrical triangle if breaks out, Be prepared for another big LEG UP, MACD cross as it points upwards-ADX & DI bullish cross -Volume is expanding on shorter time frames.
Attention: This is not investment advice; we are assisting individuals in creating their own vision.
Have a Good Reef Days!
ReefReef Finance
Bullish Momentum is building up in Reef
Let us have a look at technical chart 1D timeframe.
1. Price is tested 2 times 55EMA and above it
2. price is breaking downtrend line.
3. Trend line touches 3 times MACD line and broke it downtrend
4. MACD line is about to cross signal line above zero line
5. MACD HISTOGRAM is bullish
It is not a financial advise. Please do your own research.
Hilsen
BTSChamp2020
REEF ABOUT TO TAKE OFF?We can see the triangle cannot contain it. are we going to see a huge increase? or just a subtle breakout
Reef Bullish Signals Hint Breakout Soon!DAILY TIME FRAM ANALYSIS
-Symmetrical triangle breakout ready
-Stochastic's pointing up
-MACD prepared to cross as it points upwards
-ADX & DI bullish cross
-Volume expanding on shorter time frames
REEF/USDT First time Here's a quick look at REEF 4 hr chart. As we can see, the price couldn't break through the resistance zone and came back down to $0.036 where we saw a bounce.(Blue Line)
The blue is the Strong Support line, and we are still in triangle I expect a breakout before 10. April. If we fall down from $0.036 Support we might retest the trend line support.(0.033$'s)
We need to stay above the blue line 4 hours chart, and we need good volume when EMA25 will cross EMA50 upward for breakup if we do Targets are:
Targets:
1. 0.049$
2. 0.053$
Let's see what will happen
This is not financial advice! Just my idea about REEF!
Do your own research.
If do you see a mistake or want to help, you can write in the comments.
It's my first time so take your own risk.
Not investment advice.
My ideas are only helpful and not advice to buy or sell, you are the decision maker.
REEF-USDT, Possible rise of a cross-chain trading monsterThis is only a personal idea based on my very limited knowledge, please do your own research and analysis.
From the fundamental aspect, Reef is built on POLKADOT, there is a great team behind it, and even with the war they had with ALAMEDA Research, they still are managing to continue their path. There is a great potential for this coin to grow, they have a relatively small market cap and they will have some good upcoming events in late June 2021. From the technical side, the price is moving in an ascending triangle, we are at the bottom of the trend line, here is a great opportunity for our first entry, We can see a bullish cross on Stoch RSI Daily. Possible targets for short-term traders could be 0.047 and 0.055. We have to be careful about the ongoing war between REEF and ALAMEDA Research, price dropped 20% previously on Monday, but if REEF can manage to win this war or at least not lose it, which I believe so, there will be a great potential for this coin, by the end of June price can even jump as high as 0.075 or even 0.01.
Thank you for reading my opinion,
Happy trading
strange areawe should cross our fingers for reef to bypass 0.042
i can say it's possible for it , im 60% hopeful 🤞 🤑
reef looking for a breakout herebouncing off support are we going for a breakout or weilkl we fall through support
Idea for REEF/USDT, coinflip with higher chances of upside.LONGThis asset had great accumulation for at least 35 days, just trading on those psychological ranges that are slowly tightening down on that price lvl.
This is a trade that has good potential 4 a breakout and be a good trade, but it's also risky.
Both price and the indicators are showing us convergence, wich means that price has potential to follow it's trend to the upside. The asset have been doing consistent higher lows.
MACD is also showing us a loss in negative momentum (u can check that out) making the convergence argument even greter.
All of these are showing both on the daily and the 4h with the smaller latest pump and dump since march 25th.
Whether it will be the longers or shorters to win it will be up to a bit of luck.
I left also the ranges where u can take profit (or ur potential losses), now hoping that lady luck is with the longers I wish u all a good trade (let me know what u think).
Attention!! Remember to never invest more than u can afford to lose.
REEFUSDT (REEF) - BULLISH SETUP ANALYSIS 🔎
- REEFUSDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's a potential formation of the inverse head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- The right shoulder downtrend is bounded in the falling wedge pattern.
- A falling wedge pattern is a reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Inverse head and shoulders neckline resistance.
- Ascending triangle's horizontal resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
