Long
REEF-USDT, Possible rise of a cross-chain trading monster
Aggiornato
This is only a personal idea based on my very limited knowledge, please do your own research and analysis.
From the fundamental aspect, Reef is built on POLKADOT, there is a great team behind it, and even with the war they had with ALAMEDA Research, they still are managing to continue their path. There is a great potential for this coin to grow, they have a relatively small market cap and they will have some good upcoming events in late June 2021. From the technical side, the price is moving in an ascending triangle, we are at the bottom of the trend line, here is a great opportunity for our first entry, We can see a bullish cross on Stoch RSI Daily. Possible targets for short-term traders could be 0.047 and 0.055. We have to be careful about the ongoing war between REEF and ALAMEDA Research, price dropped 20% previously on Monday, but if REEF can manage to win this war or at least not lose it, which I believe so, there will be a great potential for this coin, by the end of June price can even jump as high as 0.075 or even 0.01.
Thank you for reading my opinion,
Happy trading
From the fundamental aspect, Reef is built on POLKADOT, there is a great team behind it, and even with the war they had with ALAMEDA Research, they still are managing to continue their path. There is a great potential for this coin to grow, they have a relatively small market cap and they will have some good upcoming events in late June 2021. From the technical side, the price is moving in an ascending triangle, we are at the bottom of the trend line, here is a great opportunity for our first entry, We can see a bullish cross on Stoch RSI Daily. Possible targets for short-term traders could be 0.047 and 0.055. We have to be careful about the ongoing war between REEF and ALAMEDA Research, price dropped 20% previously on Monday, but if REEF can manage to win this war or at least not lose it, which I believe so, there will be a great potential for this coin, by the end of June price can even jump as high as 0.075 or even 0.01.
Thank you for reading my opinion,
Happy trading
Nota
Correction: the last price mentioned is 0.1 which is wrongly written 0.01.
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