SUMMARY: bullish and consolidation period ending - looking for entry point to go long.
-- Technical --
RSR has been consolidating for the last 4-5 weeks and looks to be ending it cycle, after breaking to the downside on the ascending triangle.
Bollinger Bands daily is pushing the bottom of the volatility cloud and indicates a bottom has been reached.
MACD daily is indicating momentum down is slow and we are close to golden cross.
RSI 1D shows plenty of headroom for upwards buying momentum.
-- Fundamentals --
RSR is a solid project with a market cap of approximately
1BN - I see as a challenger to XLM or XRP.
It could easily achieve a 10x upswing in this environment.
Needless to say - I am ultra bullish on this one.
$$$ Happy Bull Market Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Got questions? Shoot.
-- Technical --
RSR has been consolidating for the last 4-5 weeks and looks to be ending it cycle, after breaking to the downside on the ascending triangle.
Bollinger Bands daily is pushing the bottom of the volatility cloud and indicates a bottom has been reached.
MACD daily is indicating momentum down is slow and we are close to golden cross.
RSI 1D shows plenty of headroom for upwards buying momentum.
-- Fundamentals --
RSR is a solid project with a market cap of approximately
1BN - I see as a challenger to XLM or XRP.It could easily achieve a 10x upswing in this environment.
Needless to say - I am ultra bullish on this one.
$$$ Happy Bull Market Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Got questions? Shoot.
Note
Long wick on the 1D - bullish signal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.