REEFUSDT.P trade ideas
REEF - STILL CHURNIN?After a nice 20% move to the upside, it looks like REEF still has room to grow & isn't exhausted yet.
Just this morning we had some good news released about REEF's mainnet launch going live before the end of May.
In my experience when something like this is announced, the price will slowly bleed to the upside before the parabolic move.
We've had a ton of volume come in in the last 24 hours & the moving averages are extremely bullish signifying a strong buy.
I think this move could take us above 0.04, close to 0.05 & beyond if key resistance levels can be broken.
**Not financial advice, DYOR**
Token sowap reef coming soon. Hold ReefReef is going to build its own block in us
Holders of this currency will be rewarded for their patience
REEFUSDT Elliot Wave countI'm only feeling 60% confident in this wave count, but nonetheless I think the upside is considerable. Consolidation period has taken 45-ish days - the larger the base, the higher in space. Keeping tabs.
reefusdt short analays Will Reef return to the competition? If you are looking for a short term analysis of the reef, this analysis can be useful.
Holding $Reef is a Unicorn Reef Mainnet in May is the catalyst for this movement
Current all time high is $0.30 and will break that most likely during this run up
Long term being built upon Polkadot and partnering with all major Defi projects this is easily at $30 coin or more
#REEF/USDT - Potential 138%#NEWS
#REEF/USDT
MainNet
BuyZone: 32000 - 38000
TP1 - 47760
TP 2 - 59175
TP 3 - 74500
TP 4 - 89900
SL - 24300
UPDATE: REEF Bullish for April & May - new ATH > $0.05SUMMARY : Bullish, recent drop to $0.31 was great entry point. Dip was caused by massive BTC sell off.
-- Technical --
Accumulation in channel continues.
Resistance $0.05
Support $0.03
There is strong support at the $0.032 level and is still holding.
Bollinger Band 1D, candles pierced through the lower band and is an reversal.
-- Fundamentals --
Reef is DeFi for the Polkadot blockchain (DOT) and DOT is live with their Web 3.0 mainnet and growing utilitsation.
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
REEFUSDTanticipating flat then price could drop abc to complte WXY price corrective structure.
#DYOR
#JournalPurposes
#ForeverStudent
Crypto|REEF/USDT|Long and shortLong and short REEF/USDT
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Reef long entry Entry : 0.0355 - 0.0359 blue box
Sl : 0.0339
TP 1 : 0.03744 take out 40%
TP 2 : 0.039 take out 40%
TP 3: 0.0482 moonshot of 20% in case of full recovery
Recommended leverage - x5
REEF is a very low cap/value coin, due to this its pip range carries a much higher value then more established tokens. Due to this and in true shitcoin fashion, any gains or losses will be magnified to degen levels.
