Hello, Traders!
The price of REEF has tested the resistance level of $0.023600 from which the downfall started in June.
MA100 is in support on the daily timeframe, RSI is in the bullish zone.
The volume and cluster analysis shows an increase in the number of purchases. Large purchases can be found in the range of $0.0138 - $0.0154.
Entry into the asset can be looked for in the range of $0.0172 - $0.0192. One more part of a position should be gained in case of a deep correction of the current growth, in the range of $0.0145 - $0.0163.
Stop-loss should be placed under the price level of $0.0122
Ranges for profit fixing:
$0,0343 - $0,0370
$0,0429 - $0,0454
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The price of REEF has tested the resistance level of $0.023600 from which the downfall started in June.
MA100 is in support on the daily timeframe, RSI is in the bullish zone.
The volume and cluster analysis shows an increase in the number of purchases. Large purchases can be found in the range of $0.0138 - $0.0154.
Entry into the asset can be looked for in the range of $0.0172 - $0.0192. One more part of a position should be gained in case of a deep correction of the current growth, in the range of $0.0145 - $0.0163.
Stop-loss should be placed under the price level of $0.0122
Ranges for profit fixing:
$0,0343 - $0,0370
$0,0429 - $0,0454
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice