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RSR / TetherUS PERPETUAL CONTRACT

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RSRUSDT.P trade ideas

RSR Super Bullish for May- expect out performance: $0.20 > ATH SUMMARY: very bullish, we had a recent correction and great buying opportunity - price target $0.15 -- Technical -- After a steep correction , trigger by the drop in BTC price by almost 20k , crypto market is recovering. Next target is $0.15, can be easily achieved. Represents 1.618 Fib extension - easy and often reached level. 4H Bollinger Bands candle sticks have pierced multiple times the lower bound and are swinging towards to upper bands - very bullish RSI was recently close to oversold hitting the 35 level. MACD is about to move into a golden cross - very bullish. -- Fundamentals -- The Market Cap is about $1bn only and is in the top 100 cyrptos. It would only require small volume of buys to push price higher. If RSR had Dogecoins mkt cap, it would be about $7 per coin. $$$ Happy Bull Market come Alts season $$$ Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<---- *Not financial advice and is for educational purposes only. Always DYOR. SO: What do you think, have I got it right? Let me know below.
Long
by Tez8
4
RSRUSDT H8: +300% gains bulls THE BEST LEVEL TO BUY/HOLD(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -No MACD / RSI /MA/FIBONACCI -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates -no moonboy/crazy targets -TA that makes sense and -setups that payout RSRUSDT H8: +300% gains bulls THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: RSRUSDT H8/candle chart review ::: accumulation in progress now ::: bullish chart looks good ::: updated/revised outlook ::: setup still valid as of today ::: chart is LOG SCALE ::: get ready to BUY LOW later ::: currently PULLBACK MODE ::: BUY LOW near 0.06-0.07 ::: entry - late May 2021 ::: for now PULLBACK/CORRECTION MODE ::: will last 2-4 weeks ::: up to 300% gains possible later ::: short-term pullback/correction ::: re-test of range lows is likely ::: before uptrend can resume later ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +300% gains ::: details: see chart ::: FINAL TP is +300% gains USD ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +300% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: PULLBACK/MODE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
10
RSR might break a support zoneRSR has formed a descending channel, meaning at a certain point it should break upwards. At least according with theory. Instead, price is currently breaking VLPR's control line, should this candle close below it another leg downward would be likely. At 15min and 1h BB are stretching meaningn a price movement is about to happen but until we see BB stretching also at 4h and/or daily it's highly possible that price change won't affect much larger timeframe. Ichimoku shows that a 5-6% retracement is to be expected if candle closes like that. I think the opportunity for a short here is risible, I'd rather watch this for a possible entry. Once this channel will break upwards (sooner or later) price should establish a support over 0.10. Good luck
by Shotokhan
1