Reef Finance it hovering within a giant descending triangle at the moment, I feel like it may not break to the downside and it could just be its new consolidation range or bottom for this extreme fear scenario. What do you think will happen to Reef Finance?
Today we are going to explore another cryptocurrency project looking at potential momentum shifts, support and resistance levels and fibbonaci retracements to see whether there is still opportunity for strong upside and investment in the future.
We will tackle some MACD levels as well as bull market support bands to help us identify upcoming impulses or retracements within the cryptocurrency market.
I hope this cryptocurrency helps educate upon how we can retrospectively look at market data, on chain analysis and trading fundamentals to have a better idea of what can happen in the future!
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Blockchain is becoming hugely popular and adopted globally, little by little. Cryptocurrency and blockchain is being spoken about in small cafes and pubs, and when your own mother even talks about blockchain you know it is becoming too mainstream! Cryptocurrency and its digital scarcity and utility is proving to be a strong hedge against inflation and one of the strongest commodities today in terms of real growth. I just love the diversity of cryptocurrency, NFT’s, the Defi space and of course Bitcoin, Ethereum, Cardano and other blue chip tokens 🙂
REEF FINANCE PRICE PREDICTION 2022 🚀 (BULLISH SCENARIO)
These projects in particular have huge scope for growth in the future and we still have a relatively low market capital in contrast to gold and the s&p500.
DISCLAIMER: This is NOT financial advise
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