It's hard to ignore the clear zigzags throughout this entire build since late January. I can see this is still going on. My macro view is still bullish. See lows are still possible
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
scenario 1: a rising triangle is formed at the intersection of the Blue ray and the red ray. if he closes this place with 2 candles for 4 hours, the direction will be up.
Scenario 2: there is a symmetrical triangle at the intersection of the yellow ray and the White Ray. If he closes 2 candles for 4 hours above the Triangle, the direction is up.
Bollinger Bands...
Next daily move will be higher high so grab some and hold with patients. You can only loose if you sell out of fear. Hold tightly to targets and you win. 2months hold tight
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...
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