„Reef Finance“ (REEF) išsiskiria iš ilgos izoliacijos – ar tai netikras ralis?

• REEF looks bullish on a lower timeframe
• Price reclaims 50 exponential moving average (EMA) on the daily timeframe 
• REEF price gets rejected by 200 EMA acting as resistance on the daily timeframe. 

Reef finance (REEF) has had a tough time recently but has shown great strength bouncing up in a lower timeframe. Reef finance has struggled to remain bullish as the price fell from an all-time high of $0.3 to $0.0048, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) 

Reef Finance (REEF) Price Analysis On The Daily Chart 

Despite a decline in its price from $0.3 to $0.0048, over 70% decline from its all-time high. The REEF price showed great strength as it bounced from its daily low of $0.3 to a high of $0.0065 before facing a rejection to break above that region to higher heights.

The price of REEF on the daily chart looks strong despite seeing more sell orders lately as the price continues to hold. For REEF to resume its bullish sentiment, the price needs to rally and break and hold above $0.65, as this has proven to be a resistance to REEF prices.

REEF kaina prekiauja 0.0048 USD žemiau pasipriešinimo; REEF kaina turi viršyti 0.007 USD, kad kaina nenukristų dėl išpardavimo. Jei REEF kaina išliks šiame regione, būtų galima labiau tikėti, kad jos pasipriešinimas pakils iki 0.007 USD ir galbūt sulaužys ir išliks aukščiau šio regiono.

Pertrauka žemiau 0.004 USD reikštų pakartotinį mažesnės paklausos zonų patikrinimą ir jaučių nenorą imtis pirkimo užsakymų, nes kiltų daugiau agitacijos dėl žemesnių kainų. 

For REEF’s price to restore its bullish move, the price needs to break and hold above the $0.007 resistance with more possibility of retesting $0.01

Daily resistance for the price of REEF- $0.007.

Daily support for the price of REEF – $0.004.

Price Analysis Of REEF On The Four-Hourly (4H) Chart

The 4H timeframe shows the price of REEF breaking out o the upside as the price has found itself in a range as the price broke out higher.

On the 4H timeframe, the REEF price is currently trading at $0.0047, just breaking below the 50 and 200 Eksponentinis Moving Average (EMA), acting as resistance for the REEF price. The price of $0.0048 corresponds to the resistance at 200 EMA for the price of REEF. The price of BTC needs to reclaim hold 200 EMA for a chance to trend higher.

Four-hourly resistance for the REEF price – $0.0048.

Four-hourly support for the REEF price – $0.004.

Featured Image From Binance Academy, Charts From Tradingview