Reef / BTC - Update
Fundamental Side: As Parachain action is heating up on polkadot ecosystem fundamentality positive scenarios for Reef. In Gitcoin there are few bounties are going on about building Dapps on Reef blockchain. I have previously notice that project which had been held bounties on gitcoin had upside moves such as algorand, iotex etc.
Technical Side: As bitcoin dominance had upward move all altcoin had massive sell of on BTC pair. If BTC dominance give favour has room to upside. Currently Reef is moving from the bottom support.now it is consolidating below 0.618 level of fib speed resistance fan. expecting move from here if it will be able to break that line and above resistance.
daily macd and rsi also positive.
Technical Side: As bitcoin dominance had upward move all altcoin had massive sell of on BTC pair. If BTC dominance give favour has room to upside. Currently Reef is moving from the bottom support.now it is consolidating below 0.618 level of fib speed resistance fan. expecting move from here if it will be able to break that line and above resistance.
daily macd and rsi also positive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.