RSR - bullish symmetrical triangle?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = Bullish, but consolidating (LH, but HL)
Notes:
- Forming symmetrical triangle on the 1H/4H
- D1/W1 support holding nicely
- Symm triangle breakout could coincide with breaking W1 resistance
Ideas:
- If symm triangle breaks up and we break the W1 resistance I'm expecting continuation to the upside
Daily resistance above the weekly should pose no issue in that case
RSRUSDT
RSRUSDTHere is a trading range that prevents the currency from falling at $ 0.0308. Also, the price of $ 0.04950, which is the highest price, prevents the price from rising. Given that the current (#RSRUSDT) price is higher than the initial price of this currency ($ 0.03859), and the MACD and RSI indicators are in a good position to break the All-Time High ( ATH ), it can be said that the possibility of rising and registering a new price is more probable, but If the price of the currency rises, with resistance in the range of $ 0.0495, we are likely to return to the bottom of the trading range or perhaps fall further.
As a result, given the starting of the alt-coin season and the bitcoin being in the trading range, the price of this currency is much more likely to rise.
You can have a good investment in this crypto-currency by managing risk and determining the stop-loss limit and future conditions of Bitcoin .
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.
RSRUSDT (Channel Breakout)RSRUSDT (1H CHART) Technical Analysis Update
Channel Breakout
RSR/USDT currently trading at $0.041
LONG Entry-level: $0.040 to $0.042
STOP LOSS: Below $0.0365
Resistance level 1 (Target 1) : $0.0441
Resistance level 2 (Target 2) : $0.0493
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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RSR LongRSR is currently trading close to the support of $0.036. It has a good setup to scalp. If it can hold this support, we could start seeing a move towards $0.041, $0.046, $0.050 and $0.054. Failure to hold the support at $0.036 could lead to a drop towards $0.033.
RSR START GROWBINANCE:RSRBTC Big resistance between 135-150 sato let's see what happend in the next week
$RSR $BTC | Imminent Break, 3 Key Metrics To WatchBINANCE:RSRBTC
Very interesting chart with 3 key tings to watch for.
1st - Price action is about to react to a previous resistance zone and re-test. Break of this and we're likely to trend down considerably for some time. Rejection and we're looking for a higher high to confirm the trend to be sure but with rejection gives opportunity for an entry.
2nd - Incidentally this is a key area as POC on the VPVR is also piercing right through with much of the high volume nodes
3rd - Price action has been slowly compressing over time with a series of lower highs and higher lowers visually represented by the resistance and support lines drawn forming a bull pennant
Can be patient with this one and wait for confirmation or alternatively long the retest
$RSR $BTC | UPDATE | Breakout played out as expectedBINANCE:RSRBTC
RSR had broke out of the symmetrical triangle and responded well to the buy zone on our chart.
Targets are fib levels & targets on the chart. I adjusted the first level
RSR/USDT : fake breakout BINANCE:RSRUSDT
Hello everyone 😃
RSR showed some bounces and Broke Trendline but on our vision it's targeting 0.3$ support line.
Volatility is being Bearish, Also RSR failed to hold above Trendline !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
-Helical_Trades