REEF - Potential 3X - Be Prepared! Long

Description

⋅ May 1, 2021 1:58 PM

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

Comments

zanzibar7878

⋅ May 3, 2021 8:16 AM

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 ;-)

TheSignalyst

⋅ May 3, 2021 9:26 AM

@zanzibar7878, amazing ;)

Behdad1985

⋅ May 1, 2021 5:41 PM

may be after BTC correction, btc is bearish

TheSignalyst

⋅ May 1, 2021 7:36 PM

@Behdad1985 right

wanluqman1000123

⋅ May 1, 2021 3:22 PM

Bought reef a long time ago and sold at a loss, reef devs are too sketchy.

TheSignalyst

⋅ May 1, 2021 4:09 PM

@wanluqman1000123 let's wait and see. Sorry to hear that

MMBTtrader

⋅ May 1, 2021 2:53 PM

such great job bro

after breakout to the moon

thanks for sharing

TheSignalyst

⋅ May 1, 2021 3:15 PM

@MMBTtrader hopefully 😁

FTUKcom

⋅ May 3, 2021 9:41 AM

Good work brother!

TheSignalyst

⋅ May 3, 2021 10:18 AM

@Forex-Traders-Uk, thanks dear Scott :D