The bears have made several attempts to reach the support zone without success, indicating they may be losing steam. This suggests that the REEF price has the potential to climb to the top of the trading range, at the very least.
REEFUSDT has completed a five-leg drop, and now we anticipate the beginning of ABC waves to the upside. Our target is set around the base of wave 4, approximately at 0.00796. This presents an investment opportunity but remember to use a tight stop loss for risk management. Enjoy the potential ride.
In this chart of BINANCE:REEFUSDT on a weekly timeframe, the price has touched the strongest trendline of REEF as of this date. As a trader, it sparks excitement for a potential breakout that could happen soon.
In this technical analysis, the coin is forming a divergence wherein the price is creating a lower low and our indicators showing a higher low,...
💎 REEF has become a notable entity in the market, currently ascending towards a significant resistance area. Historically, REEF has faced strong rejections at this level, but a successful breach could lead to a substantial upward trend, the probability with the next objective being our targeted bearish OB area.
💎 However, should REEF struggle to surpass this...
Exciting news, traders! The Reef/USDT pair has officially broken out of its consolidation phase, and the bulls are taking charge. It's time to ride the waves of this successful breakout!
#Reefusdt
The falling wedge pattern has finally broken out, which is a bullish signal. Indicators are also showing bullish signs, and there is a lot of volume coming in. If the breakout is successful, we can expect a 300-320% bullish wave.
Yello Paradisers, get ready for some action!
💎 REEF has successfully burst out of a significant falling wedge pattern, signaling bullish momentum and paving the way for further upward strides.
💎 The likely scenario is that the price will first retest the resistance, converting it into a support level before resuming its upward trajectory. REEF is poised to...
Long-term descending channel midline breakdown
Above the upper Bollinger Band line
The Moving Average 7 is below the candles
Volume is increasing significantly
got some notifications for high volume on this
longed this with a stop below yellow
reclaim 200 ema on the daily then get moving quicker
risk is tiny compared to if it does play out so gonna let this either stop me out or go the whole 9 yards
