Reef (Binance: REEFUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, REEF began a red wave one advance on December 29. The red wave one finished on December 29 and the red wave two (blue sub-waves a-b-c) correction ended on December 31. If this wave count is correct, REEF should be heading next towards the December 29 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Reef is a multi-chain smart yield engine and liquidity aggregator where any financial hub can integrate into. Boxmining covered the project two days ago.
(Sources: https://reef.finance/)How Will Reef Trade?
Reef (Binance: REEFUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
REEF will takeout the December 29 peak
REEF will drop below the December 29 low
REEF will stay in a trading range between the December 29 low and the December 29 peak until February 6, 2021
