RSRUSDT 1D#RSR is moving inside a falling wedge and has recently been rejected at the daily MA50. We may see a retest of the support level before a bounce. In case of a breakout above the pattern, we expect a 100% bullish wave.
RSRUSDT trade ideas
RSRUSDT Buy opportunityRsrusdt has recently experienced a significant breakout from a falling wedge pattern. This breakout suggests a strong bullish sentiment and presenting potential trading opportunities.
We have identified a strategic buy back area on the chart, which presents an optimal opportunity for re-accumulation of the coin.
Targets for profit-taking have been outlined on the chart, ranging from immediate to final setup targets. These levels serve as potential exit points.
In the event of a price retracement, a robust demand zone has been identified to act as a strong support level, potentially preventing significant downside movement.
It is essential for us to exercise caution and implement effective risk management strategies. This includes setting moderate stop-loss levels to mitigate potential losses and adhering to sound money management principles.
Your insights and opinions on this coin are welcomed for further discussion.
RSR 30x move aheadRSR
we already bought the bottom(0.0022) & sold at top around 6x(0.013)
x.com
it's time to think for long term
SEED_DONKEYDAN_MARKET_CAP:RSR is close to its horizontal support that's makes big I H&S which completes around(0.095) that is 30x from green zone
set your bids
#NFA
#DYOR
follow for more updates
RSRUSDT bouncing from monthly supportThe price shot up beyond monthly resistance MR1 only to come back down and retest it again where it was rejected and sent back down towards monthly resistance MS1. The price has bounced from MS1 after hitting it and weekly resistance is causing the price to pullback on this bounce. The price might still dip into MS1 before a stronger bounce in case this current pullback goes further deep. However, this monthly support is a strong one and will allow the price to bounce and continue its journey in upward direction, Therefore, I see the price moving beyond monthly resistance MR1 after having a brief pause and pullback there. Once it breaks MR1, it will target monthly resistance MR2 zone. Therefore, a long from MS1 is favorable for this asset at least for the coming months.
RSRUSDTWe can attempt to short RSRUSDT from specified level as it making LH , also 0.5 FIB intact , also there is no bullish divergence occur indicate that it moves downward.
SL , TP mention in chart.
$RSR :: Everything is indicated in the diagramReserve Rights (RSR) is an ERC-20 token that will serve two main purposes for the Reserve Protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.
The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.
RSR buy setupThe structure of RSR is bearish, but we have a good demand at the bottom, which can be used to look for buy/long positions in the form of scalpy.
Liquidity pools are expected to be swept
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
#RSR/USDT#RSR
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 0.004746
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 0.004746
The first target is 0.006078
The second target is 0.06985
The third goal is 0.008128
$rsr HTF bottom | big volumethere are very few charts out there that look as clean as RSR does on the weekly. huge volume cluster at the lows. 30x back to the highs and this could easily run much higher.
ATH market cap was just over $5B.. $180MM market cap currently. Think at peak bull this could run to $+50B.
#RSR/USDT breaks the Diagonal Trendline in 4-Hour TF!#RSR/USDT breaks the Diagonal Trendline in 4-Hour TF!
SEED_DONKEYDAN_MARKET_CAP:RSR filled the 4H FVG too. Expecting a bullish momentum here. The local resistance level is PWH $0.0064, and the support level is PML $0.005.
RSRUSDT.4HThe RSR/USDT 4-hour chart reveals a recent uptick after testing the S1 support level at $0.004704. This movement could indicate the beginning of a bullish reversal within the lower trading range established in recent weeks.
The MACD shows a slight bullish crossover, where the MACD line has crossed above the signal line, signaling increased buying momentum. However, the overall MACD trend remains in the negative zone, suggesting the need for caution as the market might still be prone to bearish pressures.
The Relative Strength Index (RSI) is hovering around 45, which is closer to the middle range. This indicates a somewhat neutral market sentiment, not particularly leaning towards overbought or oversold conditions, which provides a balanced view but suggests monitoring for a clearer direction.
Given these conditions, if the price can sustain above S1 and continue to move higher, the next target could be the R1 resistance level at $0.005624. Traders should look for a consolidation above this level to consider a more definitive bullish trend towards R2 at $0.007841. Conversely, a fall below S1 might lead to testing the lower support S2 at $0.004070, which could validate further bearish sentiment. The key in the upcoming sessions will be the price's ability to hold above S1, signaling possible strength for a continued recovery.
RSRUSDT.4HThe RSR/USDT 4-hour chart reveals a recent uptick after testing the S1 support level at $0.004704. This movement could indicate the beginning of a bullish reversal within the lower trading range established in recent weeks.
The MACD shows a slight bullish crossover, where the MACD line has crossed above the signal line, signaling increased buying momentum. However, the overall MACD trend remains in the negative zone, suggesting the need for caution as the market might still be prone to bearish pressures.
The Relative Strength Index (RSI) is hovering around 45, which is closer to the middle range. This indicates a somewhat neutral market sentiment, not particularly leaning towards overbought or oversold conditions, which provides a balanced view but suggests monitoring for a clearer direction.
Given these conditions, if the price can sustain above S1 and continue to move higher, the next target could be the R1 resistance level at $0.005624. Traders should look for a consolidation above this level to consider a more definitive bullish trend towards R2 at $0.007841. Conversely, a fall below S1 might lead to testing the lower support S2 at $0.004070, which could validate further bearish sentiment. The key in the upcoming sessions will be the price's ability to hold above S1, signaling possible strength for a continued recovery.
$RSR may explode#RSR chart seems bullish. Already triple bottomed in mid term and now have a bull flag and W bounce in STF. Not financial advice.
RSR Leading DiagonalGray waves 1 and 2 seem to be over, with gray 2 setting a bottom at 0.004746.
The new uptrend is looking like a leading diagonal, and the gray zone could provide support to end blue 4 and begin blue 5.
This gray level is where I´ll look for reversal patterns in smaller timeframes, for long trades.
RSRUSDT: Bullish Trend (Double Bottom)RSRUSDT is showing promising signs amidst its current downtrend, finding strong support at 0.0079. We’ve identified a robust bullish divergence paired with a double bottom formation. To capitalize on this potential reversal, we are monitoring for a breakout above the previous lower highs (LHs). This breakout will confirm the bullish trend, presenting a prime opportunity to enter a long position. Ensure proper risk management by setting a stop-loss (SL) and a target price (TP) to maximize gains. Stay tuned for the breakout confirmation and get ready for a potential ride to profit!
RSRUSDT 8H#RSR is moving inside a symmetrical triangle on the 8H time frame. In case of a breakout, the targets are:
$0.009108
$0.010743
$0.011816
$0.013387
RSRUSDTHM signal v5.0 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 0.007624-0.008028
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
RSR LONG : This is MY idea This is a diary for myself.
The increase in volume since FEB - APRIL
We are still in correction (ACCM)= GREEN BOX
From Previous High to Current Low indicates the next expected pump.
We should expect a pump most often than not ends at the 0.625 (RED) GANN target.
The expected time frame for this trade is shown at the bottom
Entry: 0.0057
TP: 0.018 (~200%)
SL: 0.00412 (~20%)
#RSR/USDT#RSR
The price is moving in a descending channel on the 12-hour frame, about to break upward
With a strong support area in green at 0.0045. The price has already rebounded from it
We have a tendency to stabilize above the Moving Average 100
We also have a downtrend on the RSI that has been breached upward
A moderate rise is expected over 3 levels
Entry price is 0.005800
The first target is 0.00645
The second goal is 0.007450
The third goal is 0.008790
#RSR "Signals Green: Buy Now, Thank Me Later!"**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions.
2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action.
3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis.
4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns.
5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses.
6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
REERVE RIGHT (RSR) - UPDATE
BINANCE:RSRUSDT
I have gotten a bit of confirmation that I need to declare this scenario our primary scenario over the other. Now I expect the previous high wave 3-yellow should be taken meaning price will be returning there and the path/journey to that destination is shown in this analysis.
Impatient, buy now, patient, wait for 5-10% price retracement rom current price. Invalidation is clearly on the chart (red-dotted line) previous swing high of wave 1-blue.
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