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REEF

Reef Finance (Reef)/ Bitcoin (BTC)Reef Finance (Reef) is a great opportunity if you are looking to get a Defi token on the cheap. Check out my other USD chart for info on Reef. Elliot wave analysis: Reef looks to have had its initial impulse wave 1, and is currently finishing out its corrective wave 2, these two waves are located within a large bull pennant. With another impulse and breakout to the upside, we can begin wave 3 of the 5 wave elliot structure. Fib. Analysis: After initial impulse wave 1, Reef has found a strong support on the .618 Fib Level, a very bullish sign. Further impulse to the upside would confirm the beginning of elliot wave 3, which can find its top target at the 1.618 fib level. This would give us a new target of 162 sats or so. Bullish Hidden Divergence: Reef is showing a bullish hidden divergence, as seen with the yellow trend lines. Higher price low, and lower RSI low confirm this hidden divergence. You can take profits at previous high and the 1.618 fib level.
RLong
by NoobTraderTV
REEF - Potential 3X - Be Prepared!Hello everyone, if you like the idea, do not forget to support with a like and follow. I found REEF chart interesting! (Daily timeframe) REEF is now stuck inside a range in the shape of a descending triangle. And every new candle is making the range even narrower. Well as per the textbook, a descending triangle is a bearish continuation pattern. But we all know that it can be broken on either side. I am looking to add REEF to my portfolio, but before we buy, we want the buyers to prove that they are taking over. As per my trading plan, I will be waiting for a daily candle close above the blue dotted area to buy. (and 0.055 for extra confirmation) Good luck! All Strategies Are Good; If Managed Properly! ~Rich
RLong
by TheSignalyst
45
Reef Finance (Reef)/USD A few weeks ago I did a segment on my show (links on profile page) about Reef Finance. This may be the perfect opportunity to get in on a low cap Defi coin like Reef. They have recently formed a strategic partnership with TRON (TRX), one of my favorite cryptocurrencies. Not only this, but they are powered by Polkadot, who has recently become a top 10 project. Reef provides Defi applications like staking, bonds, stablecoins, money markets, DEX's and liquidity bridges. Analysis: Ever since being introduced to Binance, Reef token has failed to break out of the ascending triangle, heading through the downside. This is the perfect opportunity to go long on Reef. Not many Defi tokens under 3 cents worth investing in. Reef might be a great opportunity especially with so many integrations including Avalanche, Cosmos, Binance Smart Chain, and Ethereum. Hidden Bullish Divergence: Reef is showing a hidden bullish divergence as the RSI has found a lower low after the breakdown of the ascending triangle. The price however is showing a higher low. Matter of fact, the RSI is the lowest its been since being listed on Binance. There could be a little more downside but not for long. In my opinion this is a great opportunity to get some Reef. Just my opinion.
RLong
by NoobTraderTV
2
Just an idea, there are too many possibilities right nowKeep in mind that, this is the bearish view i have for BTC at the moment, we could go up form the 47500 easily without any lower lows ahead. But I think that it would be health to touch the 21 weekly MA right at the bottom of the OLD BTC channel, the channel started at the beginning of the bull run, that would project BTC over 100k for August - September. How I am operating: 30% on Hold since the beginning of the bull run. 30% on Longs. 40% on Swing Trades. I still have 30% of my longs part free for an eventual buy at the 21 weekly MA. I am looking to sell the 40% on my trades part, around 3 days before the futures expiration we could have a sell off like I showed on the graph, and afterwards we could moon straight, or we could have a lower low in the 21 weekly MA at the beginning of MAY.
BITSTAMP:BTCUSD
by ViniciusBaccelli
3