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I found REEF chart interesting! (Daily timeframe)
REEF is now stuck inside a range in the shape of a descending triangle. And every new candle is making the range even narrower.
Well as per the textbook, a descending triangle is a bearish continuation pattern. But we all know that it can be broken on either side.
I am looking to add REEF to my portfolio, but before we buy, we want the buyers to prove that they are taking over.
As per my trading plan, I will be waiting for a daily candle close above the blue dotted area to buy. (and 0.055 for extra confirmation)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
I found REEF chart interesting! (Daily timeframe)
REEF is now stuck inside a range in the shape of a descending triangle. And every new candle is making the range even narrower.
Well as per the textbook, a descending triangle is a bearish continuation pattern. But we all know that it can be broken on either side.
I am looking to add REEF to my portfolio, but before we buy, we want the buyers to prove that they are taking over.
As per my trading plan, I will be waiting for a daily candle close above the blue dotted area to buy. (and 0.055 for extra confirmation)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT