Reef is a decentralized blockchain network that claims to be a one-stop solution for your liquidity, yield, and fragmentation problems in the crypto market. Past Performance On March 15, 2021, the opening price of REEF was $0.038. As of March 14, 2021, REEF closed at $0.049. Thus, the REEF price has surged by roughly 29%, in the past week. In the past 24 hours, REEF has been trading between $0.047 – $0.059. https://ift.tt/2OBWQWq Day-Ahead and Tomorrow Today morning, REEF started trading at $0.049. Currently, REEF is trading at $0.053. Thus, the price is up swinging. The market looks bullish. The MACD and signal lines are positive. The bullish crossover by the MACD line over the signal line indicates that the positive market momentum is very strong. Thus, we can expect the price to go up further. At present, the RSI indicator is at 55%. It faced a bearish swing rejection at 61%. Thus, selling pressures are gradually mounting up. However, as of now, buying activity is still high and hence the price will continue to rise. The A/D indicator is sloping upwards. This is a positive sign for the market. The price uptrend is strong and will continue as accumulations are high. Thus, the price continues its upward movement with confidence. REEF Price Analysis Presently, the price is above the Fibonacci pivot point of $0.052. It is expected to break out of the first resistance level of $0.056 in some time as the bulls are strong. Look out for directional changes within the next 4 to 5 hours. The price has tested and broken out of the 38.2% FIB retracement level of $0.054. By the end of the day, it will definitely break out of the 23.6% FIB retracement level of $0.056. As the bullish trend is strong, the closing price is likely to be higher than the 24-hour high price of $0.059. We can expect the price uptrend to continue tomorrow as well.
The post REEF to Ride with Bull Past $0.056- Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.
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