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Rsrlong

RSR / USDTWhat Is Reserve Rights (RSR) ? Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform. Reserve Rights’ dual token setup includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities. Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals — helping holders shape the future of the Reserve Rights ecosystem. In the later stages of the project, Reserve Rights plans to back the Reserve stablecoin by an increasingly diverse basket of assets, and eventually move it away from the U.S. dollar peg — instead creating an alternative reserve asset where RSV tokens instead represent fractional ownership of the collateral pool.
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by HolderYoda
1
RSR is going higher!The pattern still needs to be confirmed as well, but at the moment, we can state with a high degree of confidence the reliability of such forecast. This token is already in the public eye and about a week ago Grayscale Investments announced adding RSR to the pool of assets under its management. In the circumstances of general bullish sentiment, We observe the correction which gaining distinct features of an Inverse Head and Shoulders bullish pattern, with a bullish moving average crossover. So we can wait and try to catch up with the trend tomorrow, or We can lead it today! Our profit-taking levels: $ 0.09 and higher.
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by Deviantor_Wayne
1
We are reconsidering our RSR positionWarning: our thoughts are ours; not financial advice. We are still very bullish on Reserve , but with activities of the past few days, we are reconsidering our position as stated in our last analysis (analysis attached below). We recently sighted a bullish reversal pattern, therefore, we won't be adding anymore position at this price as we do not consider it cheap enough for our strategy. However, our new short-term target has been raised to $0.087.
Long
by coin-barbie
RSR's Strong Daily Candle Means A lotWarning: our thoughts are ours; not financial advice. Yesterday was very bullish for the Reserve (RSR) cryptocurrency yesterday. This to us means a lot. And with a close above the 21 MA, we can only but expect more bullish days ahead. We believe RSR can easily go 2x from this point in the coming days. Don't forget, it's a good practice to take little profits along the way to the top cause no one really knows the top. You don't want to HODL your way right to the top and lose all again. Be smart.
Long
by coin-barbie