HEY, Sup Guys and Girls?!
Since 07 may 2022 , that I've posted the previous analysis for Reef , it has been declining till now and wasn't able to continue its uptrend and maintain the pivot zone and then according to my bearish scenario it massively dropped on the lower support levels ( more than 70 %💰 (1x-short ))🎯 .
so now As you can see on the weekly timeframe for reefusdt, it is already trading below the pivot zone , and the overall trend of crypto market is still bearish so it can fall more on the lower support lines , but if bulls be able to raise the price and breakout the pivot zone and as well as the descending trendline , then it can reach the higher resistance zone .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Since 07 may 2022 , that I've posted the previous analysis for Reef , it has been declining till now and wasn't able to continue its uptrend and maintain the pivot zone and then according to my bearish scenario it massively dropped on the lower support levels ( more than 70 %💰 (1x-short ))🎯 .
so now As you can see on the weekly timeframe for reefusdt, it is already trading below the pivot zone , and the overall trend of crypto market is still bearish so it can fall more on the lower support lines , but if bulls be able to raise the price and breakout the pivot zone and as well as the descending trendline , then it can reach the higher resistance zone .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
by breakout the downtrend channel it can start a new bullish rally