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Rsr

RSR/USDT Break out the falling wedge. Bullish Momentum ??💎 RSR has made a notable impact in the market, currently breaking out of a falling wedge pattern. It's now entering a retesting phase at the trendline of this pattern, a critical juncture for its next move. 💎 If RSR successfully completes this retest, probability we expect it to continue its upward trajectory, targeting a significant resistance area. 💎 However, should RSR fail to confirm its breakout during the retest at the resistance trendline, it might signal a false breakout. In such a case, RSR could retreat back to the demand zone. 💎 A key point of observation will be if RSR struggles to rebound in the demand area and only manages to consolidate. This could lead to a loss of support or a breakdown. Under these circumstances, RSR might transition into a bearish phase, potentially moving downwards towards a stronger support area.
by MyCryptoParadise
1
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.
by MyCryptoParadise_Nathan
14
RSR/USDT Need to Break the pattern to confirm Bullish Momentum💎 RSR has indeed caught our eye, demonstrating a notable ascent after rallying from a crucial support level and effortlessly surpassing the local resistance at $0.001813. However, RSR faced a setback after encountering resistance at the descending channel, suggesting a potential retreat for a reassessment phase at a supportive or demand-driven juncture. 💎 This retreat aims to gather sufficient momentum for another attempt to shatter the descending channel's confines. Achieving this breakthrough would signal a bullish upswing for RSR, propelling it towards further tests against upcoming supply barriers, possibly even robust ones. 💎 Conversely, a less optimistic scenario could unfold if RSR fails to hold its ground within the demand zone, particularly if it breaches this area with a conclusive downward close. Such a development could pave the way for RSR's continued descent, steering it back for a reevaluation at the pivotal support zone.
by MyCryptoParadise
RSRUSDT's Pivotal Moments: Breaking Key Resistances.💎 Recently, #RSRUSDT has been a focal point of attention due to its significant price movements. After the emergence of a double bottom, complemented by a bullish divergence on the MACD oscillator, a pivotal breakout has been observed. 💎 In this breakout, #RSR surpassed several key resistance indicators in one fell swoop. Not only did it break the downtrend trendline, but it also moved past the 50 Exponential Moving Average and the VolumeProfile resistance. This convergence of events is a clear signal for the bulls to keep a close watch on #RSR. 💎 Currently, both the VolumeProfile and the 50 EMA are anticipated to act as robust demand zones. This suggests that the momentum for an upward trajectory has considerably strengthened. As long as the double bottom structure remains intact, we can expect the bullish momentum to propel the price upwards. 💎 The immediate supply zone aligns seamlessly with the 23.6% Fibonacci retracement level. This alignment hints at a potential price surge of over 20% from its present position. If $RSR climbs even further, it could be an indication of a mid-term trend reversal, targeting the 38.2% Fibonacci resistance next. 💎 In conclusion, the future looks bright for #RSRUSDT. The MCP team, with its keen market insights, is actively on the lookout for an exceptional risk-reward buying opportunity. Paradisers, stay tuned for more updates!
Long
by MyCryptoParadise
2
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.
by MyCryptoParadise_Nathan
In a trend of falling power with falling⏰ Time four hours: ⬛️ This currency is in a downward trend, so there is a possibility of a fall. The two important support and resistance ranges in the 4-hour time are marked with green and red boxes, which are the prices of 0.002054 and 0.001799. Therefore, there is an 8% growth probability and a 5% lower support probability for this currency in 4 hours. Hourly time: ◼️In the hourly time, we are in a symmetrical triangle, where failure from any side can cause growth or fall for this currency, as much as the opening of the triangle. ◼️Two important ranges of support and resistance for this currency in the hourly price are 0.001960 at 3% higher and support at 0.001862 at 2% lower.
by karaco2022
RSR – High Risk High RewardFirst, I would like to say that I don’t know anything about the fundamentals of this project. This is a chart analysis only. If you’re a fan of the project, don’t take it personally. RSR’s chart shows a lifetime downtrend. RSR pumped hard between October 2020 to April 2021 and since then it is in a downtrend. I can’t see a reversal sign on the chart. Since April 2022 RSR is forming a falling wedge. You can see on the chart that it is respecting the support and resistance lines very well. Hypothetically, should the bull market return and if RSR performs well, it could go back to its ATH. If it does, it’s almost a 50X. From my POV, it’s a complete Degen play but, I might try it. If anyone knows something about this project, please put it down in the comments. NFA Feedback will be appreciated. Best wishes to all.
by NewThoughtCrypto
6