Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings.
Work began on the project in the second half of 2020. Those behind Reef argue that the process of trading, lending and staking crypto is currently fragmented — creating “a painful experience for all of its participants.” -------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As you can see in the weekly time frame for REEF/USDT, the price is trading around 0.024 $ .
Reef entered a bearish phase after reaching the price of around $ 0.05 at the same time as Bitcoin and fell by 80% to about $ 0.011. And was accompanied by demand, with 6 weekly candlesticks rising more than 100 and recovering to $ 0.026. Now, in my opinion, after a little correction and a short rest, it starts its upward trend again he does. Which has support of $ 0.022 and $ 0.015, And there is no significant resistance up to $ 0.05. And if it breaks up; I see very attractive goals for it. ------------------------------------------------------------------------------------------------------------------- 💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile , and you have never seen in any other markets .) 💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.) --------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯 🙏with Best Regards and successful trades❤️ 💜 if you like my analysis, give a big thumbs 👍 and drop a comment