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REEFUSDT trade ideas

REEF is about to catch a wave!REEF has been forming a cup and handle formation for quite some time now, and the lows in the handle appear to have established a base for the remaining handle formation. I put on this trade twice already thinking the bottom was in and was stopped out on two different occasions. I'm by no means reckless trader, but I'm going to be putting on another long position between the breakout level of .0015 and the high set today of .001643 when the chart looks right. If we fall past the lower trend line on the handle formation, then the pattern may be null and void, so trade with caution. Good luck!
Long
by MetaShackle
REEF breaking out of the descending wedge pattern.REEF was taken down hard the past couple of days by market makers, yet has still managed to breakout of the descending wedge pattern on a day when it's deep in the red. The 4 hour chart looks absolutely incredible! I took a long position at .00159 and will be adding to it as the trade progresses. These are the only indicators that I use. In my opinion they're the best combination available for trading. (With stock volume and 200 D.M.A.) Try them, you can thank me later! - Haos Visual Divergence + Volume Analysis - TTM Squeeze Pro - Stoch MTM - SMI MFI
Long
by MetaShackle
3
REEF cup & handle - handle formation divergence.As per my previous REEF chart posting, REEF has formed a massive cup & handle formation and is now working on the formation of the handle itself. The white triangle represents the area that the handle formation is occurring. Currently there is a divergence between the price action and the H.V.D. Volume Analysis Indicator which looks to be a good sign that the price action will be moving upwards to the white dashed line to continue building the handle. I think this is going to be a very substantial, positive price move once the price action breaks out of the handle formation. These are the only indicators that I use, and in my opinion they're the best combination available for trading. (With stock volume and 200 D.M.A.) My P & L clearly demonstrates this fact. - Haos Visual Divergence + Volume Analysis - TTM Squeeze Pro - Stoch MTM - SMI MFI
Long
by MetaShackle
2
REEF IMPENDING A YEARLY BREAKOUTIn this chart of BINANCE:REEFUSDT on a weekly timeframe, the price has touched the strongest trendline of REEF as of this date. As a trader, it sparks excitement for a potential breakout that could happen soon. In this technical analysis, the coin is forming a divergence wherein the price is creating a lower low and our indicators showing a higher low, citing a bullish divergence. And the price movement clearly shows the diagonal support and resistance lines, leading to this yearly falling wedge pattern. Take a peek on the instances of the coin hitting the trendline (highlighted in red) in this chart below. Additionally, the month of October and November proved to be special for the coin and it shows the firmness of the resistance line. If a rejection happens, I will consider this diagonal support for a possible breakdown intraday short play. Today is weekend, so I don't expect a massive movement for now. Though still on a downtrend, expect a massive increase in the price if it breaks out the year-long trendline. We will have to WAIT for that to happen, it's just a matter of time and patience as I would point out in my previous posts. Always PLAN your trades and happy trading!
RLong
by luigi360swirl
3
REEF/USDT It required break the key resistance for continue up!💎 REEF has become a notable entity in the market, currently ascending towards a significant resistance area. Historically, REEF has faced strong rejections at this level, but a successful breach could lead to a substantial upward trend, the probability with the next objective being our targeted bearish OB area. 💎 However, should REEF struggle to surpass this resistance, and instead remain in consolidation near this level for a few days, it risks another rejection. This could result in REEF reversing its course, moving back towards the demand area. 💎 The demand zone is critical for maintaining REEF's bullish stance. If REEF fails to rebound upon reaching this zone and cannot sustain levels above this key support, it risks a breakdown. A failure to hold above this key support could lead to further decline, potentially taking REEF into the Bullish OB area.
R
by MyCryptoParadise
REEF/USDT Break the Major Falling Wedge, Bullish Momentum ??Yello Paradisers, get ready for some action! 💎 REEF has successfully burst out of a significant falling wedge pattern, signaling bullish momentum and paving the way for further upward strides. 💎 The likely scenario is that the price will first retest the resistance, converting it into a support level before resuming its upward trajectory. REEF is poised to potentially reach a strong supply zone or a bearish Order Block, especially given its validated breakout on the hourly timeframe. 💎 For those who prefer caution, waiting for a daily close before entering a position in REEF could be a prudent move. Alternatively, you could seize the opportunity now. 💎 Be mindful, however, that if REEF breaks and closes below the key support area, this would invalidate the current bullish outlook. Stay alert for more updates! 🌴
R
by MyCryptoParadise_Nathan