REEF BULLISH WEDGE (Short-Term) I don't have an attachment to any asset or project. If a coin presents a good trading opportunity for me, I will trade it. Long or short. It doesn't matter to me. If you are a trader, this is the mentality to have. I don't love REEF, nor do I hate it. I've done MINIMAL research on REEF, I am aware of a few fundamentals that count for 1% of my decision on trading REEF; though, I do think REEF has great potential. With that said, take this idea with a grain of salt.
Before doing so, have a look, my previous ideas (attached links), it could give you an idea about my previous TA ;)
REEF/USDT is currently in an Ascending Broadening Wedge formation. A typical broadening wedge of this nature "should have at least three distinct touches (or near touches) of the trend lines on each side. This helps assure proper identification and performance of the formation."
It typically breaks out to the DOWNSIDE . Do take note of my expected Fib target. Since we are in a Bull run, a few percentages higher are possible, perhaps a TOTAL of 217% profit . I project a reversal from those regions to take us to the initial launch price.
My verdict#: Bullish short term - Bearish Mid term - Bullish long term.
Please comment or like if you agree with this idea.
Confidence Level 8.5/10
Good luck!
Reefusdt
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
$REEF to $0.13 by end of April$REEF has a super low market cap. Built on $DOT. This one is going to take off!
Trade idea for REEFUSDTReef has broken its downtrend and come for a retest. It may go up to its resistance zones one by one if uptrend continues.
#REEF price prediction, SHORT TERM TO 0,10 USDHi, well we could feel that bitcoin correction, but its OK , now we broke resistance and we are again in uptrend.
This project have a good marketing team and they have more partners and they are very active on Twitter, and their plans are very good.
I think we could see 0,10 USD to May, depends on volume and another bitcoin move
Scalping idea for REEFUSDTIt may continue its way up to the channel resistance if it breaks the minor downtrend.
REEFUSD in channel#REEFUSD price is now near middle line of channel it may go upward and break out from parallel channel
Cryptocurrency Reef/USDT . LONGHello guys
As you can see, the downtrend is broken and this could lead to good growth in the next few days. By observing risk management can be a good entry point. And even made more than 35% profit.
Look outHi,
in my opinion REEF doesn't have the momentum to break out. I'm waiting for the right time to buy. (bullish on long term)
I'm new to this so leave a like if you agree with my idea or let me know what you think!
not financial advice.
REEF falling wedge breakout to 0.0827Fibs line up good, falling wedge in an uptrend, REEF is going higher!
[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!
