TheDeFiPool

REEF Descending Channel

Long
TheDeFiPool Updated   
BINANCE:REEFUSDT   REEF / TetherUS
As we see BTC and ETH both are having market corrections and REEF is in a descending channel. This is healthy for the market in general. Great buy opportunity to see REEF in the $.02 range. The general stance in the crypto market is bullish and we should see a nice uptick after correction. First level of resistance is at $.03. Let's watch for the volume breakout for REEF. As always do your own research as this is not financial advice.
Comment:
Still in the DC. No volume to support breakout/up yet.
Comment:
Starting to see a breakout/up with some supporting volume. Will need to see support level at $.032 plus to move out of this DC.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.