REEFUSDT Price Breaking Ascending Channel!REEFUSDT Technical analysis update
Short level: $0.001375 - $0.00138
Stop loss : $0.00142
Take Profit 1 : $0.001335
Take Profit 2 : $0.00124
Take Profit 3 : $0.00111
Thanks
Hexa
Reefshort
REEFFor altcoins, the decline is still continuing. For Reef, I see the possibility of a downward z wave more likely.
REEF Down TrendIt looks like reef will not break its downtrend because of the bearish atmosphere in whole market. I expect REEF to decrease the levels of 0.011 which is a strong support proven itself from the last bearish season. REEF broke its one year trend (green line). After reaching the 0.011 level, REEF need a great pump to break the green resistance.
I believe that this month reef will jump back from the 0.011 and break the downtrend which has been occurring since November. In short term my game plan is collecting reef in every great fall in price and keep until the levels of 0.027.
In my mind, the best entry point for the REEF is 0.011 levels, but be prepared to a (low chance) fall after 0.011 levels if the BTC price fall continues which may pull us to 0.007 cent levels.
I don't recommend anyone to sell their REEFs right now, oppositely it is a good opportunity to decrease the average price. Keep collecting from DIP and HODL :)
(I am not a professional and don't change your plans just looking at what I wrote. Use my idea as a reference and always do your plans with your own ideas)
REEF/USDTREEF is starting an interesting movement that could be very profitable in the future.
It is best to wait for confirmation and pullback of the break of the pivot point to make the purchase.
This is just my observation, not a financial advice.
REEFUSDT 1H-TIMEFRAME ANALYSIS✨REEFUSDT 1H-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for REEFUSDT
I expect price GO to correct and complete the Cypher pattern
Buy zone in green
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
REEF to hit 0.008 before attempting any breakout higher.REEF will pivot off the 0.008 FIB before attempting any attempt back up. If it cannot breakout upwards it will continue its descent downwards and could fall as low as 0.00003 . RSI is EXTREMELY low so now actually looks like an okay time to purchase , It's in a VERY "undervalued" oversold position and that coupled with the Elliot Wave Oscillator , makes this sort of look like 0.005 to 0.01 could be this Coins bottom. Keyword "COULD" not is. Thank you!
* ohhh btw when one or several of my ideas make you rich AF please feel free to inbox me for my btc wallet address to send a "pay it forward/gratefulness" tip. Positive VIBEZ! If you have a currency or stock you would like me to take a look at hit up my inbox! *
