BINANCE:REEFUSD   REEF / US Dollar (calculated by TradingView)
Hello everyone, if you like the idea, do not forget to support with a like and follow.

REEF is sitting around strong daily demand in green so we will be looking for buy setups.

on H4: REEF formed a valid channel in red but it is not ready to go yet.

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?

Trigger => Waiting for a momentum candle close above the last swing high (in gray) and the orange 0.020 to buy. Preferably after a short-term bearish movement as shown by the purple projection.

Meanwhile, until the buy is activated, REEF would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Looks like a very likely scenario. Thanks, I’m looking forward to it. 😊
+1 Reply
TheSignalyst financialflagship
@financialflagship, let's see how it goes brother
Reply
Good brother Axis
+1 Reply
TheSignalyst Helical_Trades
@Helical_Trades, I am thesignalyst ;)
Reply
I liked the idea, thanks for sharing
+1 Reply
@duaCerda, thank you Cerda
Reply
Great analysis, thanks for sharing 🦐
+1 Reply
@plancton0618 thank you Plancton for the support
Reply
Good perspective.
+1 Reply
@VincePrince respect Vincee
Reply