REEF looks like it could be getting ready to bounce!Reef has finished forming the cup and is now working on the handle.
REEFUSDT trade ideas
REEF - 15m scalp bullish opportunityThe 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 BUY TRADE 24-12-2023REEFUSDT found a AB=CD Pattern.
ENTRY: CMP
SL: 0.0002425
TP-1 0.002560
TP-2 0.002642
REEFUSDT: Potential for Upside ABC Waves
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.
REEF IMPENDING A YEARLY BREAKOUTIn 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, citing a bullish divergence.
And the price movement clearly shows the diagonal support and resistance lines, leading to this yearly falling wedge pattern. Take a peek on the instances of the coin hitting the trendline (highlighted in red) in this chart below.
Additionally, the month of October and November proved to be special for the coin and it shows the firmness of the resistance line.
If a rejection happens, I will consider this diagonal support for a possible breakdown intraday short play.
Today is weekend, so I don't expect a massive movement for now. Though still on a downtrend, expect a massive increase in the price if it breaks out the year-long trendline. We will have to WAIT for that to happen, it's just a matter of time and patience as I would point out in my previous posts.
Always PLAN your trades and happy trading!
REEF/USDT It required break the key resistance for continue up!💎 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 resistance, and instead remain in consolidation near this level for a few days, it risks another rejection. This could result in REEF reversing its course, moving back towards the demand area.
💎 The demand zone is critical for maintaining REEF's bullish stance. If REEF fails to rebound upon reaching this zone and cannot sustain levels above this key support, it risks a breakdown. A failure to hold above this key support could lead to further decline, potentially taking REEF into the Bullish OB area.
Reef/USDT: Riding the Waves of a Successful Rectangle Breakout!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!
#Reef#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.
REEF/USDT Break the Major Falling Wedge, Bullish Momentum ??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 potentially reach a strong supply zone or a bearish Order Block, especially given its validated breakout on the hourly timeframe.
💎 For those who prefer caution, waiting for a daily close before entering a position in REEF could be a prudent move. Alternatively, you could seize the opportunity now.
💎 Be mindful, however, that if REEF breaks and closes below the key support area, this would invalidate the current bullish outlook. Stay alert for more updates! 🌴
REEFUSDTLong-term descending channel midline breakdown
Above the upper Bollinger Band line
The Moving Average 7 is below the candles
Volume is increasing significantly
$REEF got some notifications for high volume on this
longed this with a stop below yellow
reclaim 200 ema on the daily then get moving quicker
risk is tiny compared to if it does play out so gonna let this either stop me out or go the whole 9 yards
REEF at the Weekly Chart - REEFUSDTBINANCE:REEFUSDT
Reef on the weekly frame looks bullish with 3 main targets and resistance at the same time for mid-long term : 0.002600$ - 0.007295$ - 0.013790$
If the market drops under any condition, we will start looking for the first support at 0.001380$ and the second weekly support at 0.000875$
Don't forget the stop at entry after first target.
Disclaimer : Do your own research and trade at your own risk.
Follow for more.
REEFUSDTmonthly Tf and a nice breakout you can buy with correction and hold for midlong term investment
everything is clear and DYOR
NFA
Will update it later
Reef💪The situation is as follows, everything really looks great. the goal is where we will confidently be. this is ~0.012 this is 100%🔥 Further depending on the circumstances.
🚨 Trade Alert: REEF/USDT (3-5x)🚨 New Trade Alert 🚨
✅ REEF/USDT (3-5x)
📉 LONG Entry Zone: 0.00164 - 0.00173
⛔️ SL: 0.001567
🔒 Breakeven Move: When it moves close to TP2
🎯 Take Profit:
Short Term: 0.001754 - 0.0018 - 0.00185 - 0.00190 - 0.00195 - 0.00201
📝 Ensure you set entry orders to balance the trade's entry and aim to secure 30% of profits within the first two targets. Once profits are gained, adjust the stop orders to match the entry points or break-even levels.
⚠️ Disclaimer: Historical earnings cannot assure future outcomes. Is there a potential for risk? Certainly. The entire financial market is susceptible to uncertainties; any underlying factor or abrupt shift in market sentiment could overturn the current market trends and lead to losses. Refrain from undertaking undue risks that might jeopardize your financial stability. You are under no obligation to engage in this trade; kindly avoid the trade if you disagree with the trade analysis.
GIS TRADING®
REEFUSDTBroke two patterns(Rectangle and Falling wedge) and retested it as a support. Looking good for a quick scalp.
Reef Pump 2000%Hello, everyone!
Recently, I was looking at various coins in the market and came across Reef. Started analyzing the project and found that it's a project that nobody needs, like 90% of other coins 😁
However, there are still factors that caught my interest in considering this token.
1️⃣ Firstly, of course, the project's tokenomics - everything looks great, like all the coins on the market.
2️⃣ Secondly, the project has a low capitalization.
3️⃣ Well, thirdly, the coin is traded on Binance Futures, which can provide fuel for growth.
There are also many fractals indicating potential growth.
I've marked all these target indicators on the chart and am taking positions.
✌🏻May luck be on your side)
REEF INCREASE VOLUMEThanks for reading, remember that this update is not trading advice.
REEF seems to have a new break volume.
GOLDEN CROSS AND WEDGE BREAKOUT ON REEFAs you see the trendlines are broken and there is a golden cross on REEF chart. it suggests an over 100% rally for this token.
good luck everyone
REEF Next Support & ResistanceREEF Next Support & Resistance
0.001258
0.001336
0.001603
0.002269
0.002744
Bullish scenario on reef. 100% gain from lowsI want to see reef break past the both resistances and above 0.002 towards 0.0022
