BINANCE:REEFUSD   REEF / US Dollar (calculated by TradingView)
A few weeks ago I did a segment on my show (links on profile page) about Reef Finance. This may be the perfect opportunity to get in on a low cap Defi coin like Reef. They have recently formed a strategic partnership with TRON ( TRX ), one of my favorite cryptocurrencies. Not only this, but they are powered by Polkadot, who has recently become a top 10 project. Reef provides Defi applications like staking, bonds, stablecoins, money markets, DEX's and liquidity bridges.

Analysis: Ever since being introduced to Binance, Reef token has failed to break out of the ascending triangle , heading through the downside. This is the perfect opportunity to go long on Reef. Not many Defi tokens under 3 cents worth investing in. Reef might be a great opportunity especially with so many integrations including Avalanche, Cosmos, Binance Smart Chain, and Ethereum .

Hidden Bullish Divergence: Reef is showing a hidden bullish divergence as the RSI has found a lower low after the breakdown of the ascending triangle . The price however is showing a higher low. Matter of fact, the RSI is the lowest its been since being listed on Binance. There could be a little more downside but not for long. In my opinion this is a great opportunity to get some Reef. Just my opinion.
Trade active: Nice bounce off of main trend line. We will keep this trend line active for now.
Comment: We have a nice looking impulse wave to the upside with a spike in volume. Everything is looking good.