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Reeffinance

REEF - full analysis for 8th MarchREEF has stabilized in recent few days and entered to a horizontal channel. We can also see a squish at the BB on 4h chart. TP targets are at the 0.043 and 0.053, but after a break through 0.053 we'll most probably see a ride for the new ATH. For now, we can have 3 possible scenarios: Break through resistance at 0.043, retest and ride to 0.053 Consolidating at this level for a few days and bouncing off the resistance before breakout Trend reversal and breaking the 0.037 level - then going down to 0.027 Most probable are the 1st and 2nd scenario. Why? Looking from the technical aspect, we can see a divergence at the RSI (Better visible at the 2-3h charts) which is basically indicating bullish move in the nearest future. Besides that, we're currently sitting at the level of strong support (recently retested 5 times, also it's a 0.382 level on fibbonaci and bottom band on BB). After breaking the current ATH, next TP target is at the level of ~0.073, which is a 100% price growth from now. Now taking a look at the fundamental aspects, REEF Finance have big plans for the rest of the March. We have planned Polka DeFiance for the 18th of March and a few upgrade plans: - Kusama Deployment - ChainLink integration - Dot Basket Engine - Reef Basket Engine (v1) - Yield Engine - ETH Deployment Testing (v1) - Multi-Ecosystem Support With that being said, we can be certain that REEF has one of the ambitious plans for the March and a lot of new people can become interested in this coin. The best entries will be after the retest of current support level, or after breakout through support - when you enter depends on you and your risk tolerance.
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by SmallCryptoBoy
2
REEF - Next to fly? After the huge success of ENJIN going parabolic and buying it at the right time (as well as Cardano) our research is showing all good things about REEF Reef (REEF) is a Polkadot-based DeFi platform that aims to offer cross-chain trading powered by a yield engine and smart liquidity aggregator that enables automation of the exchange process. One issue Reef developers hope to provide a solution for is high gas fees on the Ethereum blockchain that are currently making DeFi unusable for many community participants. The team also hopes to help connect liquidity pools from separate networks, avoiding the need for multiple accounts which can be difficult to keep track of. Looking GREAT on the chart too as the price is outside our wedge and looking bullish. One love, the FXPROFESSOR
RLong
by FX_Professor
12
[REEFUSDT] +30% opportunity short term?Reef has been going on this uptrend for a while, since mid January. It's also going down in this nice descending channel (blue) since its ath. As long as it doesn't break this yellow trend line we're good to go. If BTC doesn't go under 45k and ranges, I believe we can expect this scenario with Reef in the next two weeks. Fib levels on the chart. RSI shows a divergence but nothing special in MACD yet in my opinion. This is not an investment advice, always do your own research. Good luck!
RLong
by cryptologyy
REEF possible setupsIn which direction REEF will go in the next days? If we break below the key support at 0.024 , we'll probably see a downside move to the next support at the price of 0.019. We have 3 potential bullish setups: Move to the support at the 0.027 and then bullish breakout from descending channel Move to the support at the 0.024 and then bullish breakout Move to the one of the supports, bouncing once again from the resistance and support and then breakout I'll be looking for an entry after the breakout + retest and TSI level above 0 The next resistance is at the level 0.04, which is +20% move from now
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by SmallCryptoBoy
2
REEF/USDT Bullish update. Great entry around 0.03-0.035$Reef is currently within a pullback as you can see by the purple lines. We got back into our rising channel (yellow) and the next possible support is around 0.03$. SInce Polkadot is running I expect reef to follow soon. The volume is decreasing --> consolidation phase....possible breakout ahead. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers ps. Chart explanation: 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. Purple lines are trendlines we take a look at. Yellow lines are for visual help only.
RLong
by tumbler55
2
REEF/USDT Price ForcastThis is my second publish. I am eager to know what your opinion is about REEF FINANCE. Please do not hesitate to comment and like. Thanks What is REEF: Reef is a DeFi platform built on Polkadot to deliver cross-chain trading. Reef aggregates liquidity and offers automation. It also aims to address the security issues and other problems with centralized trading platforms, providing a decentralized environment to users to trade. Technical analysis: REEF has tested the trend line support successfully and breathed out, maintaining a healthy bullish pattern. ATH is $0.30 which would be expected to reach. During the rise and fall of altcoins, REEF/USD has maintained the steady and healthy rise, which makes it one of the assets to consider investing in. Fundamentals analysis: Due to recent events and issues with centralized trading platforms such as Robinhood, the demand and need for decentralized trading platforms is becoming a dream for investors and intratraders, specially amongst retail investors. REEF FINANCE claims to be the solution and their journey had begun even before the recent events. Market Cap: The market cap of REEF is way less than the market caps of other altcoins with no revolutionary objectives, giving it the room to increase. Providing that it increases, the price of the token will rise with it too. USDollar: There is no doubt that USDollar is getting weaker and weaker. That makes all the assets price rise, including REEF. Concerns: Not everyone knows about REEF FINANCE. It is a fairly new project, making the investment riskier and at the same time an asset with a higher potential to gain a larger margin. Opinion: Considering the technical and fundamental analysis, and the risk to reward ratio, REEF/USD seems to be a great investment with a high ROI. I am expecting it to reach $0.30, then a 30% pullback, and then aim to penetrate the $0.30 level. the numbers can sound "dreamy", but due to above analysis I think it will be achieved. ------ NOT FINICIAL ADVISE ---------
RLong
by SamSamie
2