REEF/USDT Update: Moving within rising channel par tumbler55

Share on facebook
Share on google
Share on twitter
Share on linkedin
Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - REEF continuous its recovery and trades within a rising wedge drawn using purple lines. - The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets. - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume. - Currently we sit above the new support around 0.22 Expectations: - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
REEF/USDT Update: Moving within rising channel for BINANCE:REEFUSDT by tumbler55

Intro:
– Reef Finance tries to become one of the most used blockchains for DeFi.
It’s fast, scalable and has a low transaction costs.
Reef Finance is build with Polkadot Substrate and comes with on-chain governance.
– It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations.

Daily chart:
– REEF continuous its recovery and trades within a rising wedge drawn using purple lines.
– The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets.
– On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support.
– We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera.
– The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume.
– Currently we sit above the new support around 0.22

Expectations:
– Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021.
– Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line.

Basic rules:
– Never buy the top/ ATH
– Take profit as long as you can (also partial profit is profit)
– Use Stop/loss for leveraged positions
– If you are not experienced, don’t leverage in the first place

Enjoy the ride and don’t be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers

ps.
Chart explanation:
Main lines:
– Green lines are tested support lines.
– Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
– Cyan line is for volume trendline.
– White lines are Fibonacci retracement levels
Helplines:
– Purple lines are trendlines we take a look at.
– Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
– Yellow lines are for visual help only.
Boxes:
– Either entry zone or support zone . Check the description.
Intro:

– Reef Finance tries to become one of the most used blockchains for DeFi.

It’s fast, scalable and has a low transaction costs.

Reef Finance is build with Polkadot Substrate and comes with on-chain governance.

– It takes some time to create such ideas and drawings.

You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations.

Daily chart:

– REEF continuous its recovery and trades within a
rising wedge drawn using purple lines.

– The overall
volume stays increased and it is likely to see more upwards movement here once we go for higher price targets.

– On the
RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support.

– We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera.

– The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and
volume .

– Currently we sit above the new support around 0.22

Expectations:

– Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021.

– Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line.

Basic rules:

– Never buy the top/
ATH
– Take profit as long as you can (also partial profit is profit)

– Use Stop/loss for leveraged positions

– If you are not experienced, don’t leverage in the first place

Enjoy the ride and don’t be too greedy.

If you like the content, please like, comment and give this channel a follow.

We would love it if you could share your thoughts in the comments.

Discussions are very welcome here.

Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.

Cheers

ps.

Chart explanation:

Main lines:

– Green lines are tested support lines.

– Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.

– Cyan line is for
volume trendline.

– White lines are
Fibonacci retracement levels

Helplines:

– Purple lines are
trendlines we take a look at.

– Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.

– Yellow lines are for visual help only.

Boxes:

– Either entry zone or
support zone . Check the description.

Lire la suite sur TradingView

Améliorez vos compétences de trading en vous inspirant des idées de traders du monde entier.
Avertissement au risque

eToro est une plateforme à multi-actifs offrant à la fois des investissements en actions et en crypto-actifs, ainsi que le trading d’actifs sous forme de CFD.

Veuillez noter que les CFD sont des instruments complexes et présentent un risque élevé de perte rapide de fonds en raison de leur effet de levier. 75 % des comptes de traders particuliers perdent des fonds lorsqu’ils tradent des CFD avec ce fournisseur. Vous devriez vous demander si vous comprenez bien comment les CFD fonctionnent et si vous pouvez vous permettre de prendre le risque important de perdre votre argent.

Les performances passées ne sont pas une indication des résultats futurs.

Les crypto-actifss sont susceptibles de subir d’importantes fluctuations de prix et ne sont donc pas appropriées pour tous les investisseurs. Le trading de crypto-monnaies n’est supervisé par aucun cadre réglementaire européen.

 

Il y a toujours une correlation entre rendement élevé et risque élevé. 

forex.fr ou toute personne ayant un rapport avec forex.fr n’acceptera aucune responsabilité pour toute perte liée à la spéculation ou tout préjudice lié à la confiance sur les informations contenues sur ce site y compris les données, les cotations, les graphiques et les signaux d’achat et de vente. Veuillez être pleinement informés sur les risques et les coûts liés à la spéculation sur les marchés financiers, c’est l’une des formes de placement les plus risqué.

Laissez un commentaire!

A propos

Forex.fr est un site d’information sur le marchee des changes. Le contenu n’est pas pas une recommandation d’investissement.

Articles recents

Inscrivez-vous a notre newsletter

En vous inscrivant vous acceptez notre politique de confidentialite.

Pas de spam, pas de courrier indesirable

Recevez un plan d'investissement Crypto personalisé