Reefusdt
REEFUSDTHello everybody
This is REEFUSDT 4h-timeframe chart.
Reef is creating incremental triangle pattern, although it has strong resistance over 0.056 but i think it can break and goes up.
I hope so much.
Please DYOR.
Good Luck.
💡REEF: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#REEFUSDT
➡️Entry: 0.032$
🎯Target 1: 0.044$
🎯Target 2: 0.056$
🎯Target 3: 0.071$
REEDUSDTFor me, head and shoulders is a good sign I see REEF ascendant. good to hold.
"Like and comment if you did like the post"
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.
REEF Will soon see a bigger move! Here's a quick update on REEF 4 hr chart. as we can see, the price still hasn't moved so much. Soon we will see a bigger move - Maybe a revisit to previous ATH! Keep an eye on this one!
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 0.044$
2. 0.0465$
3. 0.055$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
REEF short term targetlooks like a symmetrical triangle in an uptrend.
let me now what you think in the comments
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.
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.
REEF TriangleMy prediction for $REEF, if it breaks the triangle we probably have a long way up to the top. - not an investment advise- #REEF
REEF - Buckle Up!REEF is overall bullish, trading inside our blue channel. and since it is currently sitting around the lower blue trendline, we will be looking for trend-following buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, REEF would be overall bearish (from a short-term perspective) and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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.
Reef - UpdateReef will go up, don't panic sell. 3X gains are still valid. DCA . It is on sale and it is the best price to buy it.
REEFUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has corrected well and is close to its support line. We think that after touching the support line, it can jump upwards again, but if it can not support this line, it is more likely to fall, which is less likely.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
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.
$REEF Long & StrongREEF bounced off strong support and has been trading sideways. The falling wedge pattern completes soon and as we all know falling wedges are bullish. It has yet to break out to reach its all time high of $0.30 and higher.
We are excited about their Q2 Roadmap as well as watching them continue to grow with others such as Cosmos, Polkadot etc.
REEF Roadmap;
www.notion.so
