Hello everyone!
The market is mostly red today due to the escalation of conflicts worldwide and the upcoming US inflation data, so be very careful as the market could be very volatile today.
As for REEF, been watching this for a while now, I really hope that it won't form a right shoulder, although there are similarities in chart formation see below
So three two important supports to watch here are $0.46, $0.41.
So far retested the dynamic resistance as support three times on a 4H chart and is holding above it, meaning buyers are not giving up on REEFUSDT, the worst part is the right last impulse was not able to spike above the high of February 11. At this stage I find the best BUY opportunity only above $0.51 and the best of the best - above $0.53
The market is mostly red today due to the escalation of conflicts worldwide and the upcoming US inflation data, so be very careful as the market could be very volatile today.
As for REEF, been watching this for a while now, I really hope that it won't form a right shoulder, although there are similarities in chart formation see below
So three two important supports to watch here are $0.46, $0.41.
So far retested the dynamic resistance as support three times on a 4H chart and is holding above it, meaning buyers are not giving up on REEFUSDT, the worst part is the right last impulse was not able to spike above the high of February 11. At this stage I find the best BUY opportunity only above $0.51 and the best of the best - above $0.53