Long
REEF/USD - Update
A quick update:
I wanted to show everyone that the recent decline is rather normal, as we have still yet to hit the 50% or 61.8% fibonacci levels. What sticks out here, is 3.2 cents, and 2,8 cents.
If we move the retrace up, to start from a higher value, we still have the 3.2 cents area as our 61.8% value, and the 3.45 level as our 50%. So we should drop down past this point, and hit 3.2 cents.
This is a falling wedge pattern, meaning it will likely see a bullish reversal. Keep you posted.
I wanted to show everyone that the recent decline is rather normal, as we have still yet to hit the 50% or 61.8% fibonacci levels. What sticks out here, is 3.2 cents, and 2,8 cents.
If we move the retrace up, to start from a higher value, we still have the 3.2 cents area as our 61.8% value, and the 3.45 level as our 50%. So we should drop down past this point, and hit 3.2 cents.
This is a falling wedge pattern, meaning it will likely see a bullish reversal. Keep you posted.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.