coinshido

REEF/USDT consolidating in Triangle formation

Long
BINANCE:REEFUSDT   REEF / TetherUS
From ATH 11 Feb Reef was down and supported multiple time at 0.036 making this zone a key support zone. Key resistance area to watch is 0.044 - 0.046. Daily close above this area and 11 Feb downtrend penetration will open retest of ATH 0.056 area with upside target 0.0650.

Momentum is key and if an upside move happen before 21st Feb, then Reef will be a strong buy for coming Alts season.

Happy trading

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