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RSR / TetherUS

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RSRUSDT trade ideas

RSR - 4H Bearish DivergenceRSR has shown incredible positive price action in the last days, skyrocketing from ~$0.005 to $0.01 in a matter of a week. I was expecting a tiny correction from $0.008 area but instead price jumped ~20% up. Higher highs on RSR price did not follow with the same pattern on RSI and MACD, making me believe that a small price correction vis-a-vis negative outlook on public markets, cyrptocurrencies in general and overall geopolitics. Opened a short in area $0.0096, targeting $0.0092 and below. Trade cautiously as the token is experiencing positive traction and lot of speculation.
Short
by crypto_angelz
RSR analysis Let’s have a look at rising #RSR RSR is the native token of the Reserve Protocol platform launched in 2019. The long-term goal of the protocol is to create a stable decentralized global currency, protected from inflation and at the same time not pegged to any fiat currency. The project uses RSR to secure the value of the Reserve stablecoin (RTokens) through staking. A basket of tokenized assets is used to back the currency. As announced by the project team, the full deployment of the protocol and the launch of its main network will take place in October. Presumably this will happen on October 10th. This will enable the decentralized applications (dApps) platform, allowing the creation of RTokens. As you can see, while waiting for the launch of the mainnet, RSR has shown an increase of 85% over the past 10 days which is a strong and aggressive growth and also we have come to the resistance zone with almost no corrections. For me, this means that this resistance will be broken sooner or later, but now I would expect a correction from this level and accumulation, perhaps we can break through this resistance earlier on the news background, but it seems to me that this breakdown may be false and after the news we will show a correction. We see a very good accumulation and the coin is really very interesting, but the bear market
by razumcapital
As mentioned on September 25th Idea: RSR followed XRP pop!It's always happening . RSR is now +25% Accumulate such data, and you will do very well in investment markets. XRP aswell had a massive spike in volume ( and price ) shortly before Friday morning. Looking forward for next week's move! RSR's move was lagging for roughly a whole day, but it has now catched up as we expected. There's a lot of hype amongst CT investors for RSR, especially because mainnet's imminent. But as always, they will fall on the trap of their own greed. When they buy/long, they supposedly have a target, but once it is near their target, they want more and increase their exit target... They do the same for buying. Back in the day when Bitcoin was $60,000+ EVERYONE on CT was saying it was a dream that would never happen again to see Bitcoin below $30,000 and they would just dream with the chance to be able to accumulate < $30,000... Well, it is now below $20,000 and guess what they're doing? - They have adjusted to buy @ $10,000... If it gets to $10,500 they will not buy and they will adjust again to buy @ $5,000... Until the trend reverses and they lose the train. It's just the way 99% of the investors play this game, and that's why they didn't make money, and never will. Don't be them. If there's profits, realize them and wait for new opportunities when they show. We don't decide when is best to enter... the market does . We read it, and we enter when we find enough confirmations to do so. Build your 100x by extracting 2x at a time .
by KryptoManiacool
1
RSR - Short -bearish divergence short termRSR has been experiencing very strong buying momentum over the course of the past days, galvanized by the upcoming mainnet launch at beginning of October. Price action has been generating higher highs, reaching top of >0.0085. RSI and MACD have been crunching lower highs instead, suggesting we might experience a bearish divergence which can push prices lower in the short term. Please note that the token might experience high volatility given the mainnet launch as market will follow the old adage, buy the rumour sell the news. Would position with a short, but with tight stop loss
Short
by crypto_angelz