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Reef Finance (REEF) and Badger DAO (BADGER) Technical Analysis: Bullish Flickers


cryptoknowmics.com 05 October 2021 07:14, UTC
Reading time: ~2 m

Reef Finance and BADGER are recovering, but there should be more movement for BADGER, whose buyers are targeting $26. Meanwhile, REEF is bullish as long as $0.015 holds.

Reef Finance (REEF)

Reef Finance, a Polkadot-based DeFi protocol, allows for cross-chain trading using REEF.

Past Performance of REEF

From the daily chart, REEF crypto buyers are in control, grinding higher after the scare of the second half of September 2021.

At the time of writing, the REEF token is up four percent, steady versus the USD on the last trading day.

Day-Ahead and What to Expect

The Reef Finance token is firm to the upside as per the REEF technical analysis of the daily chart.

Specifically, the REEF coin found support at the 78.6 percent Fibonacci retracement level of the recent swing high low.

In a buy trend continuation pattern, the REEF token may reclaim $0.029—September 2021 highs.

REEF Technical Analysis

The REEF crypto is bullish, adding four percent on the last trading day.

Technically, every low may offer entries for traders angling for $0.029, continuing the September 2021 trade range.

Notably, REEF prices are bouncing back after completing the retest, trading above the middle BB for the first time in over three weeks.

As per the formation in the daily chart, REEF bulls have the upper hand and may satisfactorily breach $0.022, rewinding losses of September 20.

Badger DAO (BADGER)

The Badger DAO protocol aims to bring BTC to smart contracting and DeFi using BADGER for governance.

Past Performance of BADGER

The path of the least resistance remains southwards, despite attempts of the last trading day.

From the BADGER technical analysis, $20 is a liquidation level capping the uptrend.

A close above this mark confirms gains of late last week, opening BADGER crypto to $26 or better in upcoming days.

Day-Ahead and What to Expect

Technically, the BADGER token is under pressure.

As a result, how prices react at $20 may define the bullish streak in the upcoming sessions.

However, since the BADGER coin is bearish, losses below last week's lows at $14 may heap more pressure on the coin.

BADGER Technical Analysis

The BADGER trend will shift to the upside once there is a high-volume close above $20.

In that case, BADGER prices may float towards $26 and later $35 in a bullish breakout above the bull flag.

Conversely, deep losses unwinding the end of last week's gains below $14 may see BADGER crypto dump to $9 in the immediate term.


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