REEF is currently ranging as indicators on 4h are a bit flat without a clear trend. If we dive in lower timeframes we will see REEF wants to go higher!
However REEF already pumped a lot these past two weeks therefore it is normal for price to take a pause here.
I still expect REEF to do at least one other leg up before a more sustained correction. That can take us to $7 cents or above!
For that to happen we need to remain in this ascending channel and support has to hold. If we fall out of the channel then we will be in a longer correction. This scenario is unlikely right now.
Bias remains bullish and will remain so until we break support.
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However REEF already pumped a lot these past two weeks therefore it is normal for price to take a pause here.
I still expect REEF to do at least one other leg up before a more sustained correction. That can take us to $7 cents or above!
For that to happen we need to remain in this ascending channel and support has to hold. If we fall out of the channel then we will be in a longer correction. This scenario is unlikely right now.
Bias remains bullish and will remain so until we break support.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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