RSR USDT
Updated
RSR - On the verge of breaking falling wedge resistance.
RSR is one of the legit projects there are with credible interest from the financial space.
Had gone through a 75%+ correction.
Meeting two strong horizontal supports.
Lower one would've been around 0.006 but I dont think we're going there anymore.
I bought around those horizontal levels (0.008) when BTC dumped around 10600$.
I think we might have bottomed out here.
Its worth noting that RSR has shown high correlation with BTC. And is also, most likely, on the way up when BTC breaks 11,000$.
RSR is one of the legit projects there are with credible interest from the financial space.
Had gone through a 75%+ correction.
Meeting two strong horizontal supports.
Lower one would've been around 0.006 but I dont think we're going there anymore.
I bought around those horizontal levels (0.008) when BTC dumped around 10600$.
I think we might have bottomed out here.
Its worth noting that RSR has shown high correlation with BTC. And is also, most likely, on the way up when BTC breaks 11,000$.
Trade active
Theres a bear div on BTCUSD on the 1hr and the 15m. So we might retrace from 11100$.Looks like RSRUSDT pair has crossed that trendline and that resistance could act as a support.
Lets see how this rolls out.
I'm bullish for a few weeks minimum.
Trade active
Letting this run in profits. This was a good bottom. Feeling happy.I expect BTC to be bullish for the next 2 weeks. So this is going to be comfortable.
Cheers to all.
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