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Reefusdt

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
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