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Reeffinance

REEF/USDT Detailed Technical Analysis#REEF/USDT TA Update:- $REEF currently trading at $0.0082 As per chart currently in Downtrend. And also Holding last Support level $0.007-$0.008 This range could be good price to accumulate for mid term. But Strictly exit if break down this last Support level. I am expecting $0.03 level if hold $0.007 support and break $0.01 level. Breakout Point is very important for Bull scenarios activate. Breakout Point = $0.01 Support:- $0.007 Resistance :- $0.01/$0.0170/$0.03
RLong
by CryptoPatel
1
FEEF Token Analysis 15/04/2021Fundamentals: Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings. Work began on the project in the second half of 2020. Those behind Reef argue that the process of trading, lending and staking crypto is currently fragmented — creating “a painful experience for all of its participants.” Reef aggregates liquidity and provides automation. It also aims to address the drawbacks associated with existing trading platforms. While centralized exchanges are prone to security breaches, decentralized rivals can lack liquidity and are often difficult to use. Reef is geared towards newcomers, as well as current DeFi users who find it difficult to keep up with the best investment strategies. The company also wants to tackle the high gas fees that are seen on the Ethereum blockchain, which some claim renders DeFi protocols “unusable.” When it comes to Reef’s unique attributes, one is linked to how any DeFi protocol can integrate into its operating system. Users can enter and exit into their chosen positions in a single click — and removes some of the hassle associated with managing liquidity pool tokens. Because of how it has been built on Polkadot, Reef is able to support DeFi protocols on Avalanche, Moonbeam and Plasma, as well as on Ethereum and the Binance Smart Chain. As a result, Reef users have access to a broader number of platforms without requiring multiple accounts and a myriad of usernames and passwords that can be difficult to keep track of. Reef was founded by Denko Mancheski. His motivation was to remove technical barriers to entry for retail investors who want to get involved with DeFi — and offer a straightforward decision-making process that takes a user’s appetite for risk into account. Mancheski wanted to help crypto newcomers overcome the complexities associated with using order books, and enable them to learn how different protocols work with ease. Born in Macedonia, Mancheski said that his passion for fintech led to him being introduced to blockchain technology. He has described forming a competent team as the biggest challenge associated with bringing Reef to life. When asked about the personal attributes that will help him become a successful entrepreneur, he added: “I have a very addictive personality — I just can’t stop doing something until I get to the imaginary goal that I set for myself.” Mancheski previously worked as a chief technology officer for Adel, a global crypto community that serves as a “technology incubator for blockchain innovation.” He was also appointed as CTO for Viewly, a social video platform without advertisements. Technical Analysis: there exist a Hidden Bullish Divergence of price and MACD Lines i.e. the bullish trend will continue as it show the ReAccumulation and price move up there total of 4 targets defined by Fibonacci Projection where as we may have ample of Retracement in between on TP we may have Distributions and Price Corrections. 3 TP gest it confirmation as the price Triggers the 2 TP followed by some price correction and Distribution.
RLong
by BitonGroup
16
REEF BTC update predictions and analysisFollowing The DOT polkadot news on parachains next month I foresee good growth on the ecosystem and related projects On the chart I put some notes with some ideas regarding resistance levels and targets. Purple ascending channel nicely showing the uptrend continuation as well as fib retracements and extensions in confluence White trend line also just for indication of where the trend could lead in confluence with breakout 1.618 could just be the start of the major bull run. Timeline more or less in line with the rest of this year, with final TP4 around December
RLong
by Andy1GP
REEF breaks its downtrend for price and RSI. Recovery ahead?Reef Finance finally broke out of its latest downtrend that now lasted over a month. The support around 0.0165$ held and we got a nice bounce that pushed us through the downtrend trendline. Next resistance lines are at 0.036$ and 0.05$. We spot a similar pattern on the RSI where we expect the next resistance to be around 70. Currently 16 billion REEF tokens out of 20 billion are in circulation. This is good in terms of inflation risk, meaning there is basically none. The current price level looks like a nice entry for a long position. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
RLong
by tumbler55
2
REEF in the support zone - could bounce here! Here's a quick Look at REEF 4 hr chart. As we can see, the price has been forming a bigger descending triangle and we could see a bigger break either way soon - BTC just need to get stable! Definitely one to keep an eye on. The best entry would be, when the price breaks above the descending triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart. Targets: 1. 0.0295$ 2. 0.032$ 3. 0.034$ 4. 0.038$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
RLong
by MBM_Crypto
2
Finally REEF inside this big value area 😲😲REEF has breached the lower boundary of the big value area. The price is now inside this area and has tested the lower boundary as support. This is a good signal. The first target is the middle of this area. The second target is the upper boundary of the big value area. But it is worth mentioning that bitcoin has grown very strongly and in case of a correction all altcoins will also be very strongly corrected, so watch your risk management. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
RLong
by Yuriy_Bishko
5
🆓Reef (REEF) Nov-7 #REEF $REEFREEF is increasing quite strongly in the past few days and it is about to start a new rally to $0.045 and $0.055 zones. The $0.034 and $0.03 zone are strong support zones and possibly the bottom of this correction that we can buy. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.034$ zone 🔴Buy : 0.034 🔴Sell : 0.045 - 0.055 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.034$ zone 🔵Sell : 0.034 🔵Buy : 0.03 - 0.026 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
RLong
by CryptoStation
5