Reef is a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine. This project is built on Polkadot.
It recently broke the 3.7 cents area on strong volume, followed by another day with strong volume. The recent correction that we are seeing is not sustainable due to the small volume. In my opinion we are going to see a good start of the week, with the first target in sight @8.7 cents area.
March should be a good month for Reef due to many news they are planning to announce.
This is not a trading advice, it purely represents my personal thoughts. Also, the timeline for the target may not be representative, as it can happen sooner rather than later.
We are living in the era, where people spend tens of millions on NFTs artwork - once and if the FOMO starts, I do believe we can pull a CHZ here.
I am Reef holder, bag bought at around 1.7 cents and my personal targets are: 30 cents and ultimately 80 cents. As long as central banks keep printing money, we may face a stunning bull year for crypto.
Take care of yourselves and spend quality time with your families. Best wishes !
It recently broke the 3.7 cents area on strong volume, followed by another day with strong volume. The recent correction that we are seeing is not sustainable due to the small volume. In my opinion we are going to see a good start of the week, with the first target in sight @8.7 cents area.
March should be a good month for Reef due to many news they are planning to announce.
This is not a trading advice, it purely represents my personal thoughts. Also, the timeline for the target may not be representative, as it can happen sooner rather than later.
We are living in the era, where people spend tens of millions on NFTs artwork - once and if the FOMO starts, I do believe we can pull a CHZ here.
I am Reef holder, bag bought at around 1.7 cents and my personal targets are: 30 cents and ultimately 80 cents. As long as central banks keep printing money, we may face a stunning bull year for crypto.
Take care of yourselves and spend quality time with your families. Best wishes !
Comment:
medium.com/reef-fina...alameda-a1978f7fbe57
ReefDefi letter to the community, in response to the facts occurred today.
ReefDefi letter to the community, in response to the facts occurred today.
Comment:
Hello everyone,
We have a double retest on lower timeframe (30 min window) of the 0.618 fib and while this one holds a expect a pullback towards 4.5x cents area.
Reef token is pretty oversold on different timeframes, therefore I believe we have better odds to move higher in price.
If the 0.618 fib doesn't hold, then we might see a dive in price towards 3.15 cents area - being the 0.5 fib
After the latest news, I might say that Reef stood pretty well, but the downward pressure is not over yet. We need some good news to improve our odds to move even higher during the next days.
Good luck everyone !
Hello everyone,
We have a double retest on lower timeframe (30 min window) of the 0.618 fib and while this one holds a expect a pullback towards 4.5x cents area.
Reef token is pretty oversold on different timeframes, therefore I believe we have better odds to move higher in price.
If the 0.618 fib doesn't hold, then we might see a dive in price towards 3.15 cents area - being the 0.5 fib
After the latest news, I might say that Reef stood pretty well, but the downward pressure is not over yet. We need some good news to improve our odds to move even higher during the next days.
Good luck everyone !
Comment:
Hello everyone,
As you can see on the 4h chart we continue to move sideways after testing the 0.618 fib successfully. I consider that over odds to reach higher price targets are improving by the time passing, and not falling under the 3.7x cents area.
I believe that in the next 2 days, we are going to see a move towards the 4.5x cents level, which acts as our immediate target.
Good luck !
Hello everyone,
As you can see on the 4h chart we continue to move sideways after testing the 0.618 fib successfully. I consider that over odds to reach higher price targets are improving by the time passing, and not falling under the 3.7x cents area.
I believe that in the next 2 days, we are going to see a move towards the 4.5x cents level, which acts as our immediate target.
Good luck !
Comment:
It's been 5 days since my last update on the REEFUSDT situation. Things are still in the grey zone for the time being, though a few things happened lately.
Over the weekend we tried to achieve higher price zone towards 4.5x cents, but we stopped into sell walls, therefore the momentum took the price to an intermediate point which sat at 4.3888 cents.
The selling pressure continued through the last working days, because the investors are eagerly waiting for a sign of life (tech news) on behalf of ReefDefi, and we dived towards a new intermediate low of 3.3363 cents.
Meanwhile we have to watch on the following levels:
- upside: 3.74 cents; 4.3888 cents and 4.58 cents
- downside: a retest of 3.3363 (which may not happen if we receive some good news) and 3.15 cents - the 0.5 fib
It's been 5 days since my last update on the REEFUSDT situation. Things are still in the grey zone for the time being, though a few things happened lately.
Over the weekend we tried to achieve higher price zone towards 4.5x cents, but we stopped into sell walls, therefore the momentum took the price to an intermediate point which sat at 4.3888 cents.
The selling pressure continued through the last working days, because the investors are eagerly waiting for a sign of life (tech news) on behalf of ReefDefi, and we dived towards a new intermediate low of 3.3363 cents.
Meanwhile we have to watch on the following levels:
- upside: 3.74 cents; 4.3888 cents and 4.58 cents
- downside: a retest of 3.3363 (which may not happen if we receive some good news) and 3.15 cents - the 0.5 fib
Until we receive some clarifications from Reef team (which take more time than expected), I expect sideways move with downward pressure - mainly because every increase in Reef token price will be a good opportunity to exit if you were a late investor.
On the twitter channel there is word that the company prepares a token buyback or even a token burn - supposedly to increase the token price. But be careful, that unless we receive an official announcement these are just rumours.
The longer it takes ReefDefi team to respond, the greater the damage !
* I am still in with my full bag, because I truly believe that this is a good project, that's worth my investment, but they do suck at marketing and communication.