The price is testing the 1.618 Fibonacci EXT level, it's a key level on the Daily timeframe , on 0.00357.
On the 4h timeframe, the price is testing the 4h support and creating equal lows above the demand zone .
How to approach it?
The price could create a new bearish impulse to grab new liquidity from 0.0035 and start with a reversal trade, According to...
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REEF / USDT DAILY We hope you find our charts of use, please hit the like button if you found this chart useful. Safe trading everyone Check today's analysis below.⠀
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it...
#REEF/USDT TA Update:-
$REEF currently trading at $0.0123
And currently 53% up from our entry.
Now..?
Now Broke out the resistance and Bullish mode activated.
I am expecting $0.025 First Target.
And Mid term $0.1
Support: $0.01/$0.008
Resistance:- $0.017/$0.025/$0.03/$0.1
The purple downtrend line marked on the chart has been broken and now REEFUSDT is ready to grow.
After a bearish wave we get a bullish wave, so we can expect multiple targets to be hit on the way up.
Here I am mapping 145% on the next move but there can be more.
You can find additional targets as well as support levels on the chart.
Namaste.
reef near the bottom of the descending channel
should the market turn I would expect reef to challenge the resistance line
should resistance be broken then a visit to the top of the channel is possible
if the top of channel can be broken then reef could visit fib targets .10 / .20 / .50
REEF/USDT conservative long idea at key support level. Bitcoin is looking strong, keep in mind that a correction in the short-term might be possible.
TP1: 0.01514 (0.236 fib level)
TP2: 0.01964 (0.382 fib level)
TP3: 0.02327 (0.500 fib level)
SL: Not cast in stone.
The price is testing important support on the daily timeframe on 0.008$.
On the 4h timeframe the price got liquidity from 0.786-0.886 Fibonacci level and retest again the daily resistance on 0.0096.
Now the price is going to create a cup and handle patter, the price is testing the 0.618 Fibonacci level after the election from the daily resistance and dynamic 4h...
REEF USDT pair chart looks interesting almost at Demand Zone and All the time low price clearly can see 1D RSI divergence high probability to reach all three target very soon
Technical analysis on daily-timeframe.
Prices are still going to hell for about a year. If this zone won't have a nice bounce, I will probably throw this in the towel.
Of course, we have to make an appointment to wait for the confirmation.
Breaking the continuous down-trend will be a nice opportunity for significant uptrend reversal.
This boy also makes bullish...
#REEF
The project has a good user rating today.
◾️Clear break of the countertrend line, I expect a test of the $0.016 mirror level
◽️Spot purchase up to 3% deposit.
◽️Stop loss set below $0.0073.
BINANCE
