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Reeffinance

Reef - The Gateway To DeFi Hi Guys, For those who have Reef coin in their portfolio know how valuable this project is. Every startup needs momentum to gain trust among investors, especially a startup that brings something new to the DeFi and blockchain ecosystem. The Reef Finance project is attempting to create a platform that combines all of the various DeFi applications in one place, easing user access to the DeFi ecosystem. With Reef Finance it becomes possible to buy, trade, stake, loan and borrow a variety of assets in one platform! Imagine trying to create a system of bank accounts in a number of countries and different currencies, and then using those accounts to shift money around. It’s going to be complex and it’s going to encompass not only a number of banks, but also all the infrastructure behind those banks, which isn’t necessarily connected (such as SWIFT and IBAN). A similar thing is happening now with DeFi. Currently there is a high bar for entry into the ecosystem. New investors are confused by the need to work with so many different platforms and manage wallets across all of them. The fear of making a mistake is real, and many stay away simply because of that. In addition to the issue of using multiple platforms to accomplish many strategies, there’s also the inherent complexity in the technology behind the systems. All of this combines to freeze many investors, keeping them from participating. It’s Reef’s plan to change this. If the project is successful, a bright future awaits it, and it will certainly attract more investors. Especially because the Reef Finance team introduces an innovative solution!
RLong
by Promazin
3
REEF Out of triangle What now? 🔔Hello Traders. I hope you are having a wonderful weekend. Today I want to share my thoughts on REEF. Well as you can see in the 4H timeframe, price has broken out of the triangle and is ready to move to the upper side. Targets and Stop loss are shown in the chart. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on REEF and don`t forget to comment what you think. ✌
RLong
by Existansilon
Reef - inverse head and shoulders?Continuing on from previous idea about Fibonacci Channels.... Despite the promising upwards move in price, Reef seems to needs to check its 20MA is still there for it, like a security blanket. The price bounced back down off the 0.236 Fib line, and is possibly about to bounce back up off the 20MA (And 50MA as the price has been sideways long enough). The potentially good news is that - If Reef does now bounce back up off the 20MA and make it back to the 0.236 line, it would complete an inverse head and shoulders pattern that's pretty visible on the 1 and 4 hour time frames. At the time of writing there is there a glimmer of evidence that this is in the process of this happening. Should it happen... The price target (based on distance from tip of head to neck line) lands quite nicely on the 0.5 Fib line. This would suggest that the previous idea about an Elliot Wave style pump could still happen. Based on previous price action, a back test of the below fib line would then be nice to see, as it could indicate the set up of the Elliot Wave movement is happening, leading REEF towards ATH territory.
RLong
by AntSchmitt
2
A better understanding of the Reed story?Decided to have a look at price using Fibonacci channels. The 4hr time frame here shows a relatively clear picture of price moving in relation to the channels. I feel that the Fib channels better depict areas of resistance than the green box I had drawn on previous charts (and are more useful). This analysis would suggest a price of 0.042 will be the next major point of resistance to be tested. Following that price will hopefully move up to 0.048, before back-testing support at 0.044. If these happen successfully, a pattern akin to that of the 'Elliot Wave' beginning on Feb 28th could form. As always keep an eye on the volume. Declaration - I'm definitely nothing more than an amateur with either Fib, and Elliot Waves! Please feel free to comment and educate if you see problems.
RLong
by AntSchmitt
Reef Baskets pushing demand?Reef appears to be in the process of breaking out of the symmetrical triangle, following a possible back test of previous resistance yesterday. Reef's baskets were announced this week which should /could be a positive driver of demand for many in the crypto space. Volume and other indicators look good at the moment. There is still notable resistance ahead - the green box on the chart really needs to be cleared. For now we have reasons to be optimistic.
RLong
by AntSchmitt
2
REEF/USD double bottomBullish Pattern -Double Bottom -Bounce off the .50 Fibonacci -Up Trend -I think this is where REEF finally makes its move upward to the MOOOOOONNN!!! -I'm guessing REEF is going to .063 at least and a top of .075 , but it could go higher! -This has been one of the first coins i was really invested in and put quite a bit of money into. The project itself is just amazing and growing. I have a lot of faith in this coin and am HODL this one for sure! (I'd suggest to get some while you can, it's still low and has lots of potential)
R
by SheGotFolded
3
Reef's trend has been favourable.Looking again at Reef since it entered the existing rising/symmetrical triangle on Feb 28th. Now with redrawn support line since market correction on 5th April. The previous support line is the dotted red line. Both lines fit well. Since entering the triangle, Reef has been above the 20MA for 25 of the 40 days, performed slightly better than BTC, and is up approx 40%. At the moment it needs to break above the 20MA and previous support line, which is now acting as resistance. If price moves out of the top of the triangle, it will need to move though $0.04 and probably $0.046 to really be clear of all previous resistance. Measurements suggest a target of 0.06 might be possible if/when this happens. Although price is currently moving up to test the dotted red previous support line, volume is weak and will need to be as strong as on previous break outs - see Feb 11th and March 12th. Note that this built progressively over a few days.
RLong
by AntSchmitt
2
Watch the volume - history repeating itself?Reef is moving towards the end of a symmetrical triangle, a breakout should occur soon. Cautiously - positive. A break to the downside could be very unpleasant. Based on the triangle, potential support and price target are at around 0.017 - 0.02. However Reef was in a strong bullish uptrend and had just completed a Fib retracement setting a new ATH in the process - when the 'Alameda sell-off' hit on March 15th. Since then Reef has formed the symmetrical triangle. As with Reef's previous recovery from the retracement through the parallel channel that commenced on February 11th, Reef has moved up to 0.5 Fib level, before moving back down to the 0.236. Compare the two dashed purple lines, there are strong similarities in price action and RSI which give reason to expect a bullish break to the upside. Be aware though that at the time Reef was more comfortably above the 20MA and volume has been lower through this 'recovery'. As a side note, the downward symmetrical channel from the first retracement could probably be drawn as a symmetrical triangle, making this retracement even more like the first one. Reef has plenty to be optimistic about long term, there is lots of integration and development on the roadmap, and when the Polkadot parachain auctions arrive Reef should feature strongly.
RLong
by AntSchmitt
5
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.
RLong
by MaxxSta
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.
RLong
by Eli_Night_jog