RSRUSDT
Reserve Rights - Bottom yet?Yes, I think so. Notice the 5-3-5 corrective wave structure is complete and a 5 wave impulse to the current high. Expect a correction to confirm support before surging ahead.
RSR Long - 50 Daily Moving AverageBINANCE:RSRUSDT
What do we see here?
First, we have RSR crossing 4 times the daily moving average on a timeframe of 237 day.
Each and every time we crossed the MA we got a HUGE rally right after followed by a phase of accumulation.
I think going long on RSR now is not a bad idea if it's used with a good risk management.
My first target is 0.15$ with an extended at 0.22$
RSRUSDT 💫 on the Daily BINANCE*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
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At time of charting this, we just broke the ascending pennant formation from mid March with decent volume. Am anticipating some healthy pullback and consolidation after this current breakout, due to BTC, before legging back up again.
The support and resistance lines are from the channel on monthly view going back to 2020.
This is a Trade only opp for me, not a HOLD strategy.
As always:
Do your own research. Always be watching BTC .
You do you, I'll do me & my own strategy.
Good chat.🤖
RSR is very promising in the long run, as it has been!Technical analysis regarding the price of RESERVE RIGHTS in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏