Is #RSRUSDT on the Brink of a Bullish Explosion? Key InsightsYello, Paradisers! 🌟 Could #RSRUSDT be setting the stage for a major breakout? Let's look at the latest analysis of the #ReserveRights:
💎We've been keeping a close eye on Reserve Rights, and the signals are pointing to a potential bullish continuation from the support zone at $0.0038.
💎After following a falling wedge for quite some time, #RSR has now broken above the descending resistance, and it's setting its sights on the next key level—the resistance at $0.0060. If RSR holds steady here, we could see a powerful rally, much like what we've observed in past trends.
💎But here's the crucial part: if momentum falters at this support level, there's a chance we might witness a dip, with a potential bullish rebound from the lower demand area between $0.0029 and $0.0032. This moment is pivotal, Paradisers—your vigilance is essential.
💎Keep a close watch on the price action, especially around the demand zone. A daily closure below this area could invalidate the bullish scenario and lead to further declines.
Stay focused, patient, and disciplined paradisers
MyCryptoParadise
iFeel the success🌴
Reserverights
RSRUSDT Is This the Start of a Bullish Reversal?Yello, Paradisers! Are we about to witness a game-changing move in #RSRUSDT? Let’s dive in.
💎#RSR has flashed a bullish signal with a successful breakout above the "Lower High" (LH), indicating a shift in momentum from bearish to bullish. The trend change is confirmed, with the potential for price to first retest the support at $0.00598 before continuing its upward trajectory toward a new "Higher High" (HH).
💎We could also see a test of the demand zone, which would provide a solid foundation for a "Higher Low" (HL) and a significant rebound toward our target at the strong resistance area.
💎If the price fails to rebound at the demand zone around $0.005 and instead moves sideways with low volume, it’s a bad sign. This scenario increases the probability of a breakdown below the demand zone, which would invalidate the bullish momentum and suggest further downside potential.
Stay focused, patient, and disciplined.
MyCryptoParadise
iFeel the success🌴
$RSR :: Everything is indicated in the diagramReserve Rights (RSR) is an ERC-20 token that will serve two main purposes for the Reserve Protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.
The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.
$rsr HTF bottom | big volumethere are very few charts out there that look as clean as RSR does on the weekly. huge volume cluster at the lows. 30x back to the highs and this could easily run much higher.
ATH market cap was just over $5B.. $180MM market cap currently. Think at peak bull this could run to $+50B.
RSRUSDT(Reserve Rights) Daily tf Range Updated till 18-05-24RSRUSDT(Reserve Rights) Daily timeframe range. broke out of 0.007727 it was in that range level for a while. now only way for a valid confirm breakout is a healthy close. if it gets that 0.010066 is open to visit. local support is at 0.005593.
RSRUSDT(Reserve Rights) Daily tf Range Updated till 27-03-24RSRUSDT(Reserve Rights) Daily timeframe range. another beast of a performance from this one. the amount of profit provided from this one level by level is impressive. 0.012928 holding up for now, a retrace is make sense. local retrace point is at 0.009749.
Reserve Rights is leaving accumulation phaseRSR has shown strength as of late, but better late than never.
Currently it is attempting to depart from its macro accumulation phase (high volume area) and is pushing the first level of interest (dotted horizontal). Additionally, it is interacting now with the 100ema on the weekly time frame, meaning I think a shorter term correction is due.
Long term, this chart looks fantastic. I think despite potentially seeing consolidation in the short term, this thing should push up toward our high time frame resistance (macro resistance) in the large red zone.
This is the first higher high out of the bear cycle, so things are really just getting started imo.
Don't sleep on it.
Vatsik
RSR/USDT Gearing up for a Bullish Momentum? 👀🚀RSR Analysis💎Paradisers, let's zoom in on #RSRUSDT, where recent market trends signal an impending retest of the Bullish Order Block (OB).
💎At the moment, #ReserveRights is poised to challenge the demand zone once again. There's a strong likelihood for the price to rebound from this zone and climb upwards, setting its sights on the bearish OB region as the forthcoming milestone.
💎However, if SEED_DONKEYDAN_MARKET_CAP:RSR does not achieve the rebound and instead dips below the demand zone, we may observe a pullback to the Bullish OB vicinity around the $0.0021 mark, where it could gather the necessary momentum for another upward attempt.
💎Historically, the Bullish OB sector has been a critical point for triggering notable recoveries upon interaction. Nonetheless, a breach of this area, signaling a shift towards bearish tendencies, could lead to a pursuit of bullish momentum from a lower echelon.
💎If #RSR doesn't manage to utilize the momentum from this or any lower level, a continued descent may follow. As always, your ParadiseTeam is vigilantly monitoring the developments, ready to navigate you through these market fluctuations.
RSR/USDT gearing up for bullish ride? 👀 🚀 RSR Analysis💎 Paradisers, direct your gaze towards #RSRUSDT, which is currently showcasing signs of bullish potential from its demand zone.
💎 #Reserverights has recently hit a snag at the resistance level of $0.003309, prompting a pullback. Yet, should it manage to hold above the key demand level of $0.002832, we stand on the cusp of a bullish ascent aiming for the next critical supply zone at $0.003827.
💎 In the fast-paced realm of cryptocurrency, adopting a dynamic and adaptable strategy is paramount. Should #RSR struggle to secure its position at this vital demand level, pivoting to an alternate plan might become imperative.
💎 In this event, our contingency involves eyeing a bullish push from a more conservative support level at $0.002514. Keeping a vigilant watch on this threshold is essential, as breaking below it could herald a shift towards a bearish narrative for #RSR.
🔥RSR Broke 2-Year Wedge: LOOK AT THE BUY SIDE❗️🔥Reserve Rights broke it's massive resistance and now have a huge growth potential. The pump of altcoins is possible only in case of Bitcoin growth and RSR have to become one of the gainers.
Now the price tests the key level and support (buy side). It's a bullish sign.
💥The 2 main (mid- and long term) targets are on chart.
like❤️ and follow
RSR/USDT Gearing Up for a Potential Bullish move? 👀 🚀 RSR💎Paradisers, let's zero in on #RSRUSDT as it's displaying a fascinating pattern in the market. After a recent dip, it is regaining bullish momentum, setting the stage for a possible upward move.
💎 Tracing back #ReserveRight recent journey, we've observed that it tapped an internal supply zone, followed by a downward movement influenced by broader market dynamics, particularly #BTC substantial dips.
💎 However, #RSR is now exhibiting remarkable resilience. The asset is maintaining a strong position above the EMA 100, which hints that the selling pressure might have waned, paving the way for an anticipated bullish move to challenge the existing strong supply zone.
💎 Nevertheless, it’s imperative to remain vigilant in the unpredictable world of cryptocurrency. #RSR traders should brace themselves for various potential scenarios. If RSR struggles to break through its resistance zone and begins to lose momentum, pivoting towards a recovery strategy from the support level of $2112 may become crucial.
💎 A downturn below this support level would signal the need for a tactical shift in strategy. Such a change would involve a thorough reassessment of the bullish outlook and a recalibration of trading strategies in response to the shifting market landscape. 🌴💰
RSR/USDT Break or Down ??? Reserve Rights Analysis TodayYello Paradisers, Interesting Coin! #RSR
💎 RSR is currently navigating within a descending channel pattern. The optimal buying opportunity would be to await a breakout from this descending channel pattern.
💎 RSR presents an intriguing scenario as it has been able to sustain above the key support area, preventing further decline. Numerous attempts to breach this key support area have resulted in failure, leading to subsequent rebounds. This suggests that RSR is in a phase of accumulation, potentially gearing up for a significant upward movement.
💎 Adding to this perspective is the recent development where RSR exhibited a strong green bullish Marubozu candle on the daily close, hinting at the possibility of continued upward movement in the subsequent candle and a potential break from the descending channel.
💎However, this analysis would be invalidated if RSR were to close below the key support area in the daily close candle.
RSR/USDT Next Upward Incoming ??? Reserve right Today AnalysisHello Paradisers, gear up for a coin with potential!
💎RSR has not only broken free from its falling wedge pattern but is also currently retesting its resistance trendline.
💎What's more, RSR has surpassed its resistance zone and settled above it, hinting at a possible bullish continuation.
💎For those considering an entry, you might jump in now or patiently await its touch within the support zone of 0.00214 - 0.00217.
💎If a fakeout occurs, it could be an opportunity to accumulate more around the 0.002 demand zone, with a high likelihood of revisiting the Bearish OB.
💎Stay vigilant, ParadiseSquad! 🌴 This analysis might need a revisit if RSR ends the day below 0.0018.
RSR MAINNET 90% COMPLETED$RSR
MAINNET : 90% COMPLETED / TO DO 10%
An introduction to Reserve
Imagine a stable universal currency (let’s call it R$):
R$ is stable in the sense that if you hold your savings in R$ you never have to worry about the prices of goods and services rising over time and the value of your money being inflated away, no matter where you live.
R$ is universal in the sense that whenever you want to buy something, your R$ will automatically convert into your local currency to be spent.
That’s what we’re creating.
So far, we’ve achieved something close to this in Venezuela. We’ve created a digital currency, the Reserve Dollar (RSV), that maintains 1-to-1 parity with the US dollar (highly stable relative to the Venezuelan Bolívar), and a mobile app that makes it easy to store money in RSV, get paid in RSV, and pay for things with RSV (either at the thousands of merchants that now accept RSV, or by converting RSV into bolívares within seconds). Essentially we extended the stability of the US dollar to those who faced hyperinflation in Venezuela in recent years, and we are expanding to other countries in Latin America where inflation continues to be a pressing issue.
Concurrently, we are working towards releasing a smart contract protocol that will enable the creation and decentralized governance of more currencies like RSV. These currencies, called “RTokens”, will have values that can be pegged to diversified baskets of assets instead of USD or any fiat currency, making them unaffectable by USD inflation or any centralized monetary policy.
Once that protocol is released, we as a company will cease to have control over RTokens, but we as a team, in different modes of coordination, will go on to participate in the decentralized governance of RTokens, apply RTokens to more real-world problems, and foster an ecosystem of other teams that want to build in an aligned direction.
Looking far ahead, the applications of RTokens are vast, from extending financial services to people who are discriminated against by the existing system, to having an alternate international reserve currency that isn’t controlled by any single nation.
The 5-min video intro below is from back when we were getting started in 2018. A new intro video is in the works.
$RSR - Saying it's my TIMEHello my Fellow TraderZ,
In the recent up move we saw many #DEFI tokens pumping out of nowhere an with a move of ~ 30-70%. Meanwhile $RSR was lagging behind or say consolidation near the Support Level.
On 4HTF, now #RSR seems to break the SYMMETRICAL TRIANGLE pattern + Horizontal level+ 200 EMA with a strong Volume.
I am waiting to load more on the retest and expecting a further 10-30% gains.
CHEERS!!!
RSR Update - We nailed the trade, now what?RSR - Reserve Rights: This is a long idea that I will take IF and only if we get the criteria I have set out on the chart in the box.
For me to take a position I need to find as many reasons as I possibly can - to keep the chart simple and clear I have left some lines/indicators off otherwise it looks like you're just trying too hard lol.
My points for me are on the chart in a square box, those are the rules I want to be followed for my long trigger.
It's simple, if I don't get them I don't take the trade. I know we are all eager to trade and make back whatever was lost in the bear market, but patience in these times is SO crucial to preserve capital for the bullrun.
Anyways, thoughts are on the chart. There is also a downward trendline I noticed that is not on this chart (taken from previous peaks) which can add a LITTLE more confluence, but I don't really like diagonals so I left it off the chart.
My previous trade on this was a short, and we came right down to where I wanted to see it, the trick is to look at a chart for a while to formulate new analysis. It is not enough to do TA and leave it be for days on end, PA gives us more data to work with and therefore more information to solidify or weaken our thesis. Now that this idea is updated, I will not change my opinion of it until price action tells me something new.
Stay frosty, hope you find this helpful.
Cheers
V
RSR - Don't Get Trapped...RSR (Reserve Rights) - this altcoin has been exciting lately with its mainnet launch. However it is coming up into major resistance that I doubt will easily break on the first attempt. I'd expect a sweep of the previous lows first, toward the range EQ which is a key support level at the moment.
Key for a short would be to see an SFP up and a bearish market structure break making a lower low on lower time frame, my entry would be on the bearish retest of that broken level (see squiggly).
If this somehow flips the range high into support, then I'm invalidated.
Cheers
Retrace targets if this is the tops...Many are pumping RSR based on the upgrade on the 10th of October... remember what happened to ETH... Too much bullish sentiment, going to be a contrarian here... If this is the current tops for now, down we go again, this area was once support now turned to heave resistance.
RSR/USDT Elliott Wave count 4H TFRSR break slope trend line with an impulse that probably is wave 1 and than made an abc correction to retest the trend line after the break for a short wave 2.
This is the wave C probably an impulse to the upside that will hit 1:1 ratio.
2.236 Fib projection 1 vs 2 hits perfectly the zone of the 1:1 ratio A vs C so from here I am expecting to start the wave 3 from this C wave.
I am long on RSR with target into the box and stop lose below invalidation level.
Also take a look to the related idea.
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Thank you and good luck!