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Reefanalysis

REEFUSDT Breaking Through Key Resistance! Major Rally Incoming!!A solid upward trend has emerged as REEF/USDT consolidates above resistance. The breakout pattern signals potential gains as bulls target the next resistance at 0.0123. Are you ready to ride this wave? REEFUSDT Currently trading at $0.0059 Buy level: Above $0.0055 Stop loss: Below $0.0045 TP1: $0.0065 TP2: $0.0085 TP3: $0.01 TP4: $0.012 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
REEFUSDT.1DBased on the provided market data, the current price of the cryptocurrency REEF is $0.0041. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI for REEF over 4 hours, 1 day, and 7 days is 60.17, 82.82, and 77.84 respectively. An RSI value above 70 generally indicates overbought conditions, suggesting a possible sell opportunity, while a value below 30 indicates oversold conditions, suggesting a possible buy opportunity. The RSI values, especially for 1 day and 7 days, are quite high indicating overbought conditions. The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. The MACD values for REEF over 4 hours, 1 day, and 7 days are 0.00033, 0.00054, and 0.00028 respectively. Positive MACD values indicate bullish conditions and the potential for a buy opportunity, which aligns with the current MACD values. The Bollinger Bands (Bb) are a volatility indicator. The Bb values for REEF over 4 hours, 1 day, and 7 days are 0.0052, 0.0052, and 0.0053 respectively. The current price is below the Bb values, indicating bearish conditions. The support levels are the price levels at which demand is thought to be strong enough to prevent the price from falling further. The resistance levels are the price levels at which selling is thought to be strong enough to prevent the price from rising further. The current price is closer to the first support level for 4 hours, 1 day, and 7 days, indicating bearish conditions. In conclusion, the technical analysis indicates overbought conditions due to high RSI values, bullish conditions due to positive MACD values, and bearish conditions due to the current price being below Bb values and closer to the first support level. Therefore, it might be a good idea to wait for a better entry point before investing in REEF. However, this is purely based on the technical analysis and does not take into account any fundamental factors or potential news that could impact the price. It is always recommended to do your own research before making investment decisions.
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by MarsSignals
1
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/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! 🌴
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by MyCryptoParadise_Nathan
Reef and targets for bull runI think Reef can reach 900 millions market cap this cycle, maybe even more. BINANCE:REEFUSDT Possible Targets and explanation idea ➡️100% coins in circulation supply. 0.04 cents with 900M market cap realistic target ➡️This target will be exactly 0.618 lvl by global fib from end of bull run in 2021. ➡️Now we are trade in 27 zone accumulation phase. Tested 0.5 lvl by fib of range ➡️Price also at this current moment under fundamental value of Reef (last line on weekly by Take profit indicator) ➡️Based on Money Power indicator you can find out zones with blue lines where whales accumulated a lot of Reef. On weekly we got MACD and RSI confirmed divergencies - bullish signals Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
RLong
by Crypto4light
2
Reef token forming bullish BAT for upto 40% moveHi dear friends, hope you are well and welcome to the new trade setup of Beefy Finance (BIFI) with US Dollar pair. Previously I shared a long-term trade setup for Reef, which is still in play as below: Now on a 4-hr time frame, REEF has almost completed the final leg of a bullish BAT pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
RLong
by moon333
4
REEF - Confident Accumulation Exit.This instrument is at its minimum values. The chart shows the accumulation of more than 120 days with the subsequent exit from the trading range on volume spikes without any resistance. Expectation on the continuation up. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
by Artem_Dishel
5
FEEF Token Analysis 15/04/2021Fundamentals: Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings. Work began on the project in the second half of 2020. Those behind Reef argue that the process of trading, lending and staking crypto is currently fragmented — creating “a painful experience for all of its participants.” Reef aggregates liquidity and provides automation. It also aims to address the drawbacks associated with existing trading platforms. While centralized exchanges are prone to security breaches, decentralized rivals can lack liquidity and are often difficult to use. Reef is geared towards newcomers, as well as current DeFi users who find it difficult to keep up with the best investment strategies. The company also wants to tackle the high gas fees that are seen on the Ethereum blockchain, which some claim renders DeFi protocols “unusable.” When it comes to Reef’s unique attributes, one is linked to how any DeFi protocol can integrate into its operating system. Users can enter and exit into their chosen positions in a single click — and removes some of the hassle associated with managing liquidity pool tokens. Because of how it has been built on Polkadot, Reef is able to support DeFi protocols on Avalanche, Moonbeam and Plasma, as well as on Ethereum and the Binance Smart Chain. As a result, Reef users have access to a broader number of platforms without requiring multiple accounts and a myriad of usernames and passwords that can be difficult to keep track of. Reef was founded by Denko Mancheski. His motivation was to remove technical barriers to entry for retail investors who want to get involved with DeFi — and offer a straightforward decision-making process that takes a user’s appetite for risk into account. Mancheski wanted to help crypto newcomers overcome the complexities associated with using order books, and enable them to learn how different protocols work with ease. Born in Macedonia, Mancheski said that his passion for fintech led to him being introduced to blockchain technology. He has described forming a competent team as the biggest challenge associated with bringing Reef to life. When asked about the personal attributes that will help him become a successful entrepreneur, he added: “I have a very addictive personality — I just can’t stop doing something until I get to the imaginary goal that I set for myself.” Mancheski previously worked as a chief technology officer for Adel, a global crypto community that serves as a “technology incubator for blockchain innovation.” He was also appointed as CTO for Viewly, a social video platform without advertisements. Technical Analysis: there exist a Hidden Bullish Divergence of price and MACD Lines i.e. the bullish trend will continue as it show the ReAccumulation and price move up there total of 4 targets defined by Fibonacci Projection where as we may have ample of Retracement in between on TP we may have Distributions and Price Corrections. 3 TP gest it confirmation as the price Triggers the 2 TP followed by some price correction and Distribution.
RLong
by BitonGroup
16
REEF looks pretty goodBINANCE:REEFUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️2 markers on global fib. Red one Reject in September than breaking out downtrend line and now we retested on D1 timeframe this line ➡️MADC and RSI - bullish ➡️Should break this local resistance line with price target to continuation ➡️ Coin now almost on summer price level and not so far from fundamental price. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
RLong
by Crypto4light