RSR/USDT for the Bounce to ATH's!Hello Traders,
RSR is playing the Fib chart perfectly along with the EMA's.
EMA's are as follows: 50/100/200/255. I currently have the 2 Hour chart set up. But you can look at any of the hourly time frames such as 1 hour, 2, 3, and 4 to see that the price has flipped all of these EMA's. I trade heavily upon any EMA breaks, as this generally confirms an uptrend/ bullish.
The 2 hours, 255 ema, and fib chart played the bottom wick perfectly, which has resulted in the uptrend we see currently.
Once the heavy resistance zone is broken and the zone above it is broken we should see some new ATH's.
On the fundamental side of things, there has been some positive news about DEFI's, which should help to bring in some mainstream volume.
I'm taking profits between .786 - 1 on the fib. for 50% and the other 50%, I will be waiting for the ATH's to be broken.
How many of you remember playing pick up sticks when you were a kid? This is what this mess of trendlines look like to me but it's interesting to lay them out and see which ones act as support and resistance.
Good luck!
