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.

I found REEF chart interesting! ( Daily timeframe )

REEF is now stuck inside a range in the shape of a descending triangle . And every new candle is making the range even narrower.

Well as per the textbook, a descending triangle is a bearish continuation pattern. But we all know that it can be broken on either side.

I am looking to add REEF to my portfolio, but before we buy, we want the buyers to prove that they are taking over.

As per my trading plan, I will be waiting for a daily candle close above the blue dotted area to buy. (and 0.055 for extra confirmation)

Good luck!

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

Telegram Channel
https://t.me/thesignalyst

Youtube
https://youtube.com/c/thesignalyst

Mudrex is the world's leading algo-trading platform.
Sign up & Get $25 credit
https://cutt.ly/Mudrex

Comments

The mainnet will start in May. Finally the startup will become an executive project. Several partnerships have already been established and staking, farm, nft and cretit card are expected ;-)
+5 Reply
TheSignalyst zanzibar7878
@zanzibar7878, amazing ;)
+1 Reply
may be after BTC correction, btc is bearish
+5 Reply
Bought reef a long time ago and sold at a loss, reef devs are too sketchy.
+5 Reply
@wanluqman1000123 let's wait and see. Sorry to hear that
+1 Reply
such great job bro

after breakout to the moon

thanks for sharing
+3 Reply
@MMBTtrader hopefully 😁
Reply
Good work brother!
+2 Reply
TheSignalyst Forex-Traders-Uk
@Forex-Traders-Uk, thanks dear Scott :D
Reply