Reef's Possible Patterns
Reef went down significantly today due to BTC's dip and went past a previous level of support. on the long term pattern , it seems to be showing bearish signs if it doesn't break out before June 16th.
We can also observe a Symmetrical triangle pattern in purple that has formed which could go either way with a possible profit/loss of 0.0215 of its total value judging by the max height.
If it breaks the triangle's upper trendline and shows signs of bullishness , we could expect it to be in some sort of channel which could be profitable for short term traders . buying and shorting near the green lines
If Reef keeps going and reaches the end of each triangle's Apex , then this would all be voided.
Resistance zones : 0.045 / 0.05 / 0.06 $
We can also observe a Symmetrical triangle pattern in purple that has formed which could go either way with a possible profit/loss of 0.0215 of its total value judging by the max height.
If it breaks the triangle's upper trendline and shows signs of bullishness , we could expect it to be in some sort of channel which could be profitable for short term traders . buying and shorting near the green lines
If Reef keeps going and reaches the end of each triangle's Apex , then this would all be voided.
Resistance zones : 0.045 / 0.05 / 0.06 $
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.