Reef Finance- a project built on Polkadot, that aims to be a multi-chain smart yield engine and liquidity aggregator was a portfolio product of the Binance Launchpool.
On the Daily Time Frame, Reef has been taking support from the 20 and 50 DEMA, the trendline support is also present at the same levels suggesting the level of ~$0.0373 to be a strong demand zone.
Key Levels to watch out:-
From the past 3 days, Reef has been forming an indecision candle on the 20-DEMA which is placed at $0.039 and at the time of writing, a strong bullish candle is in making.
The trade favours a good risk to reward ratio with the immediate support placed at ~$0.036 and is most likely to continue its up move to $0.049 followed by $0.055.
On the Daily Time Frame, Reef has been taking support from the 20 and 50 DEMA, the trendline support is also present at the same levels suggesting the level of ~$0.0373 to be a strong demand zone.
Key Levels to watch out:-
From the past 3 days, Reef has been forming an indecision candle on the 20-DEMA which is placed at $0.039 and at the time of writing, a strong bullish candle is in making.
The trade favours a good risk to reward ratio with the immediate support placed at ~$0.036 and is most likely to continue its up move to $0.049 followed by $0.055.