$REEF - price analysis request:
Very bearish price action weekly and daily! ⚠️🚨
Anyone know if it's a dead project, or it's just because of bad token-economics / Vc.. ?👀

-Zooming on the daily and H4 view, I see a possible double bottom on the 0.000750$ support zone!
-The pattern is also bullish [reversal]
-In my chart, you can see an exagerated bullish divergence RSI [H4] 📈
-The short term price is neutral at the moment, but if the 0.000750$ support hold, then a 25 - 30% pump is possible!

➡️On the other hand, if support is broken again, the price could continue to fall sharply. Difficult to know, but I think a bullish reaction will take place (25% - 30% pump possible).
Resistances to watch on:
0.000810 - 0.00860 - 0.00915 - 0.00970$

Good luck if you intend to long! 🚀 [avoid high leverages]

#Dyor2024 #TradingMadeEasy #CryptoDawar #BULLishWithBULL #Reef