REEF got rejected. What's next?

REEF Analysis.


11/8/20220 min read

Hello, dear TradingView members.

This idea is a REEF analysis.

REEF just got rejected by the solid resistance and now got support from local support and the middle Bollinger band.

There are two possible scenarios:

First scenario:

The price will get local support and head back to the resistance area.

Second scenario:

The price will fall on the lower Bollinger band and get rejected by the current local support price level.

RSI is Neutral, so the price has room to go down or up.

Keep in mind: ANY news about this coin can cause a big pump or dump now!

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.