Andy1GP

REEF BTC update predictions and analysis

Long
Andy1GP Updated   
BINANCE:REEFBTC   None
Following The DOT polkadot news on parachains next month I foresee good growth on the ecosystem and related projects

On the chart I put some notes with some ideas regarding resistance levels and targets.

Purple ascending channel nicely showing the uptrend continuation as well as fib retracements and extensions in confluence

White trend line also just for indication of where the trend could lead in confluence with breakout

1.618 could just be the start of the major bull run.

Timeline more or less in line with the rest of this year, with final TP4 around December
Comment:
0.786 still holding the bottom of the channel around 40-43 sats

Breakout could be in the next week
Comment:
Nearing the end of the penant and next target 55-60 is next
Comment:
As expected

Next target 70+ sats
Comment:
New idea for 2022 here

www.tradingview.com/chart/JlXgxvVk/

Following up the same TP just with longer timeframe

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