REEF Technical Analysis in a 3-Day Timeframe

Sep 7

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Now, let’s dive into this chart analysis:

REEF has rebounded 120% after hitting a new all-time low at $0.00058. This recent rally shows positive momentum, and REEF is currently facing resistance at the 35 EMA around $0.00121-$0.0013.

If REEF breaks and closes above this resistance, a rally toward the upper resistance trendline at around $0.0034 is likely. However, a rejection may result in the price dropping back to the support trendline.

Key Levels:

- Initial Resistance: $0.00121-$0.0013.
- Higher Resistance: $0.0034.
- Lower Support: $0.00058.

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