RSR looks super bullish (1D)It looks like wave B is over, which was a triangle. By maintaining the green range, it can move up to the red box.
The price has entered a bullish wave C.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
RSRUSDT
Reserve Rights (RSR) ResearchThe Reserve protocol is an innovative platform on Ethereum that, for the first time, enables the creation of asset-backed and over-collateralized stablecoins without the need for permissions. Reserve's primary mission is to introduce scalable, decentralized forms of stable currency designed to reduce the volatility common to cryptocurrencies like Bitcoin and Etherium.
The Reserve protocol empowers anyone to generate stablecoins, which are secured by collections of ERC-20 tokens across Ethereum, Base, and Arbitrum. These digital currencies, underpinned by stable assets within the Reserve framework, are dubbed "RTokens". After setting up an RToken, users can produce these tokens by contributing the full set of backing collateral tokens, and similarly, they can retrieve this entire set upon redemption. Consequently, the trading value of an RToken closely aligns with the aggregate market value of its backing basket, with discrepancies inviting arbitrage opportunities. RTokens boast an overcollateralization feature, ensuring that in the event of a collateral token failure, there's a reserve of value to offset the deficit. This extra security layer comes from holders of Reserve Rights (RSR), who have the option to stake their RSR on any RToken. Should a collateral token falter, the staked RSR can be automatically claimed through a system driven purely by blockchain-based price oracles, devoid of any need for governance decisions or human intervention.
Long-term goals of the project
Examining the lineage of currency shows us that as one dominant global empire cedes to another, the currency of the former inevitably declines. Historical examples include the Dutch Guilder and the British Pound, and now, according to Ray Dalio, the U.S. dollar might not retain its status as the global reserve currency forever.
Bloomberg has highlighted concerns, echoed by figures like Larry Fink of BlackRock, that burgeoning U.S. fiscal deficits might alienate significant foreign investors. This scenario could lead to a potential 30 percent drop in the dollar's value, as the Federal Reserve might find itself compelled to finance the national debt through monetization.
In response to this, the Reserve community is motivated to craft a stablecoin, known as an RToken, which aims to decouple from the U.S. Dollar's peg. The ultimate ambition for cryptocurrencies is not merely to mirror the stability of existing assets in the short term but to innovate a financial instrument that maintains stability in the immediate and exhibits superior stability over extended periods.
Investors
The RSR (Reserve Rights Token) project has attracted attention and investment from a number of prominent cryptocurrency and venture capital market participants.
Coinbase Ventures
GSR (MM)
Arrington Capital
Shima Capital
NGC Ventures
Fenbushi Capital
Digital Currency Group (DCG)
BlockTower Capital
Distributed Global
Chapter One
PreAngel (China)
Sam Altman
Peter Thiel
These investors are investing in RSR believing in the project's potential to improve the stability and availability of cryptocurrencies, especially in regions with unstable economies. The participation of such significant names indicates the high interest in the project in investment circles.
Staking
Reserve Rights (RSR) serves as an over-collateralization mechanism to protect RToken holders in the rare event of a collateral token default. To enable RSR holders to provide this over-collateralization, they have the option to stake their tokens on any single RToken or distribute their RSR across multiple RTokens. Additionally, RSR holders can choose not to stake their tokens at all.
In exchange for providing this over-collateralization, RSR stakers can expect to earn a share of the revenue from the specific RToken they stake on. Generally, the greater the market cap of the RToken they stake on, the more revenue RSR stakers will receive.
When RSR is staked on an RToken, the tokens are deposited into a staking contract specific to that RToken, and the staker receives a corresponding ERC-20 token, which represents their staked RSR position on that particular RToken. This token is transferable and fungible with other staked RSR for the same RToken, allowing you to send any portion of the staked position to someone else or trade it, and the new holder has the option to unstake it if they choose to.
Understanding RSR Staking Rewards and Mechanics:
Rewards Calculation: Your rewards from staking RSR tokens are influenced by how much revenue the RToken generates, the percentage of this revenue allocated to RSR stakers by governance, and your share of the total staked RSR. For example, if an RToken earns $100, 20% is set aside for stakers, and you've staked 10% of all RSR staked on this RToken, you'd receive $2 as your reward for that period.
Mechanism of Reward Distribution: Rewards are not directly paid out but are used to buy back RSR through market auctions, increasing the value of staked RSR relative to unstaked RSR over time.
Staking Risks and Unstaking Delays: When you stake RSR, your tokens are at risk of being used to cover losses if there's a default in the collateral tokens backing an RToken. Unstaking isn't immediate; there's a delay (typically set between 7 to 30 days by governance) to ensure enough RSR remains staked to cover potential defaults. During this unstaking period, you won't earn rewards, but you can cancel the unstaking process to continue staking.
Accessing Staking: The simplest method to stake RSR is through platforms like Reserve Register, which provide user interfaces to interact with the smart contracts of the Reserve Protocol.
This system not only incentivizes staking by offering rewards but also secures the protocol by using staked RSR as a first line of defense against collateral defaults, ensuring the stability and integrity of RTokens.
Tokenomics
The Reserve Rights (RSR) token has a capped supply at 100 billion. As of now, 50.6 billion RSR are circulating, with the remaining 49.4 billion held within the Slow and Slower Wallets.
Slow Wallet: This wallet, managed by the Reserve project team, is designated for funding initiatives that drive RToken adoption. Any withdrawal from this wallet requires a compulsory 4-week waiting period after the transaction is initiated on the blockchain.
Organizational Shift in 2024: The governance of the funding for the Reserve Ecosystem underwent changes, introducing Confusion Capital. This entity oversees financial support for projects within the ecosystem like Best Friend Finance and ABC Labs, which concentrates on the development of the core protocol.
Slower Wallet: Under the administration of Confusion Capital, this wallet inherits its funds from the Slow Wallet but introduces stricter withdrawal rules. Besides maintaining the initial 4-week delay, it limits withdrawals to no more than 1% of RSR's total supply over any 4-week period. This adjustment aims to minimize the level of trust required in Confusion Capital. Here’s how the withdrawal throttle works:
After a period of no activity, the withdrawal cap could reach its maximum of 1 billion RSR.
Upon initiating a withdrawal of 1 billion RSR, the cap drops to zero.
After 2 weeks, the cap replenishes to 500 million RSR, allowing for a new withdrawal of up to 250 million RSR, reducing the cap back to 250 million RSR.
One week later, the cap increases again to potentially 500 million RSR, depending on previous activities.
This structured approach ensures a gradual release of funds, reinforcing trust and stability within the ecosystem's financial operations.
Blockchain
GSR Marketmaker activity has been spotted and is beginning to gear up for the alt season and pump up the asset. Be ready for a rapid growth of RSR in the near future!
Below are a couple of wallets owned by investment funds. As you can see, they continue to hold RSR after unlocks, which indicates that there was no distribution and we should prepare for pumping, which will trigger liquidity. This way large investment funds will be able to start selling their assets due to “born liquidity”.
It is also worth noting that most of the issuance is in the hands of those who benefit from growth! It can be seen that SlowerWallet and team have >50% of all tokens, followed by exchanges. After exchanges, the obvious leader is investment funds, which I wrote about a bit above.
Conclusion
Reserve Rights and the RSR token are on the cusp of significant change, with the potential for exponential growth. Given its innovative approach to currency stabilization, growing community, expansion into new markets and positive technical analyses, the project is well positioned to strengthen its position in the cryptocurrency ecosystem. The fundamental aspects of Reserve Rights offer an optimistic outlook on its future, making RSR interesting for long-term oriented investors.
Best wishes, Horban Brothers!
RSRUSDT Is a Massive Dump Incoming? Key Level to Watch!Yello, Paradisers! Have you been tracking #RSRUSDT lately? The market is setting up for a potential bearish reversal, and it’s crucial to stay vigilant. Here’s what we see unfolding.
💎#RSR is currently trading within a rising wedge pattern, a classic bearish structure. If the price breaks down from this formation and also slices through the demand zone, we’ll likely see a strong bearish reversal. This could trigger a 30% downward move towards our target Bullish Order Block (OB) area, making it an ideal spot for a short position.
💎However, it’s not all clear-cut yet! There’s still a chance for RSR to retest resistance at $0.0077 or even spike higher into the OB to grab liquidity before a potential dump. This would present an opportunity for an aggressive short entry.
💎If the price closes above $0.00893, it invalidates our bearish outlook. Such a move would indicate continued upward momentum and render any short positions invalid.
Stay focused and always wait for the perfect setup before executing any position.
MyCryptoParadise
iFeel the success🌴
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🌴
RSR/USDT: BREAKOUT,RETEST DONE! READY FOR AN ATH!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
RSR looks promising here. It breaks out from the falling wedge-like structure in the daily time frame and a perfect retest is also done. Now, it seems ready for a 100-150% move. Buy some here and add more in the dip.
Targets:- $0.0068/$0.0092/$0.0122/$0.014
SL:- $0.0048
What are your thoughts on RSR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
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🌴
RSRUSDT bouncing from monthly supportThe price shot up beyond monthly resistance MR1 only to come back down and retest it again where it was rejected and sent back down towards monthly resistance MS1. The price has bounced from MS1 after hitting it and weekly resistance is causing the price to pullback on this bounce. The price might still dip into MS1 before a stronger bounce in case this current pullback goes further deep. However, this monthly support is a strong one and will allow the price to bounce and continue its journey in upward direction, Therefore, I see the price moving beyond monthly resistance MR1 after having a brief pause and pullback there. Once it breaks MR1, it will target monthly resistance MR2 zone. Therefore, a long from MS1 is favorable for this asset at least for the coming months.
$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 buy setupThe structure of RSR is bearish, but we have a good demand at the bottom, which can be used to look for buy/long positions in the form of scalpy.
Liquidity pools are expected to be swept
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
#RSR/USDT#RSR
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 0.004746
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 0.004746
The first target is 0.006078
The second target is 0.06985
The third goal is 0.008128
$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.4HThe RSR/USDT 4-hour chart reveals a recent uptick after testing the S1 support level at $0.004704. This movement could indicate the beginning of a bullish reversal within the lower trading range established in recent weeks.
The MACD shows a slight bullish crossover, where the MACD line has crossed above the signal line, signaling increased buying momentum. However, the overall MACD trend remains in the negative zone, suggesting the need for caution as the market might still be prone to bearish pressures.
The Relative Strength Index (RSI) is hovering around 45, which is closer to the middle range. This indicates a somewhat neutral market sentiment, not particularly leaning towards overbought or oversold conditions, which provides a balanced view but suggests monitoring for a clearer direction.
Given these conditions, if the price can sustain above S1 and continue to move higher, the next target could be the R1 resistance level at $0.005624. Traders should look for a consolidation above this level to consider a more definitive bullish trend towards R2 at $0.007841. Conversely, a fall below S1 might lead to testing the lower support S2 at $0.004070, which could validate further bearish sentiment. The key in the upcoming sessions will be the price's ability to hold above S1, signaling possible strength for a continued recovery.
RSRUSDT.4HThe RSR/USDT 4-hour chart reveals a recent uptick after testing the S1 support level at $0.004704. This movement could indicate the beginning of a bullish reversal within the lower trading range established in recent weeks.
The MACD shows a slight bullish crossover, where the MACD line has crossed above the signal line, signaling increased buying momentum. However, the overall MACD trend remains in the negative zone, suggesting the need for caution as the market might still be prone to bearish pressures.
The Relative Strength Index (RSI) is hovering around 45, which is closer to the middle range. This indicates a somewhat neutral market sentiment, not particularly leaning towards overbought or oversold conditions, which provides a balanced view but suggests monitoring for a clearer direction.
Given these conditions, if the price can sustain above S1 and continue to move higher, the next target could be the R1 resistance level at $0.005624. Traders should look for a consolidation above this level to consider a more definitive bullish trend towards R2 at $0.007841. Conversely, a fall below S1 might lead to testing the lower support S2 at $0.004070, which could validate further bearish sentiment. The key in the upcoming sessions will be the price's ability to hold above S1, signaling possible strength for a continued recovery.
#RSR/USDT#RSR
The price is moving in a descending channel on the 12-hour frame, about to break upward
With a strong support area in green at 0.0045. The price has already rebounded from it
We have a tendency to stabilize above the Moving Average 100
We also have a downtrend on the RSI that has been breached upward
A moderate rise is expected over 3 levels
Entry price is 0.005800
The first target is 0.00645
The second goal is 0.007450
The third goal is 0.008790
RSR main price targetMain price target for BINANCE:RSRUSDT
Possible Targets and explanation idea
➡️Weekly fib. From 9 May 2022 we are around accumulation zone
➡️On money power indicator you can track blue column where mostly money inflow
➡️Lately we saw money outflow on W tf. Usually whales withdraw initial deposit
➡️Market Mood indicator all the time when you see grey zones its a capitulation
➡️First middle term target will be buy side liquidity level
➡️Next one is sweep EqHigh on W tf and zone of fixation % position
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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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.
RSR/USDT It shows bouncing this can be a good sign for upward!💎 Paradisers, #RSR is indeed a coin worth monitoring closely.
💎 With a bullish candle rejection observed on the LTF demand area at 0.00568, there's potential for a bullish reversal. If RSR successfully backtests the resistance at 0.077, it could indicate a strengthening bullish sentiment.
💎 Breaking above the key supply area at 0.00916 would further solidify this bullish momentum, potentially paving the way for RSR to reach our target strong resistance area.
💎 However, if RSR fails to bounce from the LTF demand area, there's a possibility of a retracement towards the Major demand area around 0.0052 - 0.0048. Historical data suggests that RSR has exhibited consistent bounces from this zone, often leading to significant upward movements.
💎 The bullish scenario would be invalidated if the daily candle closes below the Major demand area. Such a development would signal a bearish momentum, potentially leading to further downward movement for RSR.
MyCryptoParadise
iFeel the success🌴
RSR/USDT 4HOUR CHART UPDATE !!Welcome to this quick RSR/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
RSR has broken out of the symmetrical triangle pattern, indicating potential upside momentum. MA 50 confirms a bullish trend, which supports a buy setup.
the explanation:
RSR, in its recent price action, has broken out of a symmetrical triangle pattern. This breakout pattern often suggests a continuation of the previous trend, potentially leading to higher prices.
Furthermore, the Moving Average 50 (MA 50) is indicating a bullish trend. The MA 50 is a widely used technical indicator that tracks the average closing prices of an asset over the last 50 periods. When the current price is above MA 50, it indicates bullish sentiment in the market.
Taking these technical signals together, there is a setup for a potential buying opportunity in RSR/USDT. Traders and investors may consider entering long positions expecting further growth in the price of RSR.
However, like any trading setup, it is essential to conduct a thorough analysis, consider risk management strategies, and closely monitor market developments.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
RSR ANALYSIS🔮 #RSR Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #RSR and perfectly retests the level. It's a 8hr time frame breakout and we will see more higher price in long-term.
💸Current Price -- $0.006722
📈Target Price -- $0.008678
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#RSR #Cryptocurrency #Breakout #DYOR
SUNUSDTGod's money
Our trust is in God
In today's society, money is God, if you are rich, you are God of people
So step by step in the direction of analysis and successful entry and exit, God of the people, be patient and be patient
Sun currency has reached the resistance zone, it is forced to collect and distribute in order to continue moving and aiming for price increase. And the price drop becomes more likely.
So you can enter the market at specified points and make a profit.