REEF
Sooner or later..Reefdefi is one of the solid projects in the market and remained undervalued. Good news are scheduled in the late September and October and lots of improvements has been made those we have yet to seen in price action. I’m very excited for what’s coming.
Expecting the price rise into the trading channel again and after consolidation inside the channel for few days I’m expecting a rally based on FA. I’m not chasing targets for this one and neither setting a SL. Risking an amount I can lose, I want to see how high it can go.
Not a financial advice
REEF will break out very soon! Keep an eye on it!Here's a quick look at REEF 2 hr chart. As we can see, the price has been going sideways and has printed a symmetrical triangle. The price is very close to breaking out and definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 0.026$
2. 0.0276$
3. 0.0295$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
REEF/USDT Target up by 150% expecting a huge profitReef/usdt technical analysis. i am expecting a huge 150% profit in short term
holding period - till december
REEFUSDT Technical Analysis
⏳ Spot
💎 REEFUSDT has formed a symmetrical triangle and the price has got several rejection from the green rectangle . The support line of the triangle has been pushing the price higher. The price should break above the triangle and go higher.
🏁 Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.02300
☕️ TP1 0.04500
🍺 TP2 0.07000
🍻 TP3 _______
🍾 TP4 _______
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.01050
Good Luck 🎲
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REEF/BTC 350% Potential from here as Per TA Chart#REEF/BTC TA Update:-
#REEF currently trading at 50 Satoshi
And as per chart now Trading at very bottom area.
I am expecting huge return from #REEF in coming days.
Accumulation: 43-50 Satoshi
Targets:- 58/94/120/160/200 Satoshi
Stop Loss:- wait for my Updates
First need to break out 58 resistance level.
After it will fly towards our targets.
Support:- 43 Satoshi
Resistance:- 58/94 Satoshi
REEF CUP & HANDLE PATTERNHi traders,
Probably one of the best cup & handle patters that I've ever seen. $REEF still need to break the downtrend RSI and turn the TTM in dark purple.
The microview of the market is bullish, and it's important to remain like that if we want to see a breakup of this asset.
Also fundamentals are great.
Enter after the retest of the resistance (new support).
There are two targets:
1.- The size of the handle, that is also in confluence with the fibonacci golden pocket.
2.- The size of the cup, that bring us to the 0,786 of fibonacci.
Use your own risk management.
Safe trade, Calderius.
REEFUSDTHello guys
As you can see we have one support and one resistance.
The price would likely touch the resistance in long term.
Don't forget to set a stop loss.
Follow me for more TS.
Cheers :)
REEF/USDT Update: Another opportunity to buy cheap REEF. Intro:
- Reef Finance tries to become one of the most used blockchains for DeFi.
It's fast, scalable and has a low transaction costs.
Reef Finance is build with Polkadot Substrate and comes with on-chain governance.
- The DeFi sector did have a hard time during midyear but finally recovers and with it also REEF.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- As the whole market also REEF did see a 30% pullback.
This lead to a downwards breakout of the tracked rising channel.
However it looks like we will be back in during the start of the upcoming week and continue to climb up.
- The overall volume keeps increasing slightly which is bullish.
- The 0.5 Fib level did hold and wee did get a nice bounce.
- Wee see that the 50MA came to help as support and did act well as such.
(The following description is taken from last discussion.)
- On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support.
- We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera.
- The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume .
- Currently we sit above the new support around 0.22
Expectations:
- We expect REEF to break back into the rising wedge and explode once we crack the 0.03$ resistance line.
- Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021.
- Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
REEFUSDT🌟this alt showing a new opportunity to enter position for its long term situations, despite its low movements you can get a massive profit out of it in long term and the chart is also in a good shape to enter from current value
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reef will be 0,050111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111
REEF 12h Will the growth continue?The fall in the price of the REEFUSDT pair began a week before the general drain in May in the crypto market. Then the first wave of the fall was -70%.
However, there was also a decent rebuying from buyers by +120% in 4 days , most likely, then the trigger for such a strong rebound was the news of the launch of the Mainnet by 28.05.2021
As soon as the news worked out, the price of REEFUSD had another wave of fall by -70% and without much volume
Now, looking at the chart, we see that the price of REEFUSDT has grown by +115% again , and volumes appeared only at the peak of the price.
Manipulators love to first drop the price by -70% and then raise it by +120%)
However, it seems to us that with a positive background in the crypto market, the price growth in the REEFUSD pair may continue, because the price has not yet reached a strong liquidity zone.
It was in the zone of $0.0310-0.0460 that active trading was served from February to May, and as history has shown, there were sales there before a further fall.
Please write in the comments if there is now a strong news background for REEFfinance so that the price of REEF could still grow at least to $0.04
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SWING TRADE - REEFBUSDBB blasted
and price has sustained above upper band of BB,
Long Trade, Details on the chart!!!
Buy: 0.02953 or buy now
Stop: 0.02859
Take Profit: 0.03142
REEF/USDT now 83% up from our entry and still more rooms#REEF/USDT Profit Update:-
$REEF currently trading at $0.0295
And
Now 83% from our entry level.
Hope you very happy.
Patience always pays off.
All targets has been achieved.
Now..?
Now $0.03 is big resistance level if break upward this resistance then Keep an eye on my Other targets.
Support:- $0.0270/$0.0242
Resistance:- $0.03/$0.036/$0.045/$0.051
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Thank you.
insane reef potential Succesful trading is always an emotianal battle for the speculator, not an intelligent battle. He knew that his biggest enemy was his own emotions.
REEF- Our Weekend Trade 🤲Best of all worlds (REEF Official website)
Reef chain integrates the best aspects from most commonly used blockchains while maintaining full smart contract compatibility. reef.finance
Introducing Reef chain
Reef chain is an EVM compatible blockchain for DeFi. It is fast, scalable, has low transaction costs and does no wasteful mining. It is built with Polkadot Substrate and comes with on-chain governance.
News:
The Decentralized Finance (DeFi) blockchain, Reef Finance, has built an alliance with the Bitcoin blockchain Jax.Network. The teaming up of these two eminent blockchain networks will offer clients a reliant, profitable, and decentralized blockchain conformity system. This association with the Jax.Network will further strengthen the ever-evolving Reef Chain market realm.
The consolidation of Jax.Network into Reef Finance’s network system is a mining transaction on the Bitcoin blockchain that follows Satoshi’s business concept for an automated funds operative. For the purpose of warranting a secure blockchain token system for periodic cash exchanges and investments, the JaxNet mandate’s homegrown stablecoin and crypto token, ‘JAX’, will help advance this financial ordeal.
Let's see if the Reef can fly from the ocean,
the FXPROFESSOR
REEF/USDTreef have 2 variants
first - this triangle will broke 0.2675, retest and go 0.03416 zone
second variant is broke this bottom trend line, fall to 0.02161 then explode to 0.03416....
take a look carefully....