💎REEF has recently broken out of a resistive trendline and formed a W pattern, which increases the likelihood of a bullish move, especially after a retest of the resistance zone.
💎Following the retest of the resistance zone, we can anticipate price targets towards the next resistant zones. However, if the price falls back below the resistance zone, it may trap...
The previous high of REEF was a perfect retracement from the golden zone of previous wave. Expect the same for this wave too. If everything goes right, it might give 100% returns.
With a lot of projects coming up and listing on some exchanges I think ill be able to touch my 1s target ($0.0353), also because there is a falling wedge pattern formation at HTF i.e daily
On the first day itself, Reef had a huge volatility in price movement. Since then Reef has been trying to get to atleast 38.2% Fibonacci retracement but and failed multiple times. We also noticed that the support area has been tested multiple times and there was increase in the volume too. Reef tried to break its second lower high but couldn’t sustain Bearish...
Instrument is making sort of Cup & Handle formation in an uptrend. Base of the handle is taking support on uptrend line which also coincides with 50SMA. A low risk long opportunity here.
