RSRUSDT trade ideas
RSR - Almost ended Out standing performance. I really liked it, it was just pump pump pump.
But now it's almost the end of it. See that thick resistance? That's about it.
There are many support areas but only 2 of them are the main ones which I've shown on the chart. This might be a start of a breakout so those support areas can be very important.
I'll keep this chart updated.
Current Market Price: $21
Good Luck
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RSRUSDT Will Go Up After the Breakout
Welcome back Traders, Investors, and Community!
Hi Traders, RSRUSDT on D chart the price is getting close to the end of the Triangle, if we get a break above the Resistance on the lower TF we can look for potential entries for long.
⬆️Buy at Resistance Breakout or Buy at 30535.0
⭕️SL @ 0.00720
✅TP1 @ 0.026
✅TP2 @ 0.042
✅TP3 @ 0.058
✅TP4 @ 0.082
We will have more FREE forecasts in TradingView soon
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Have a Profitable Day
RSR RISING WEDGELike to support and follow for more content!
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We can see RSR go to the upside to 0.026 again. Currently we are in a rising wedge position, if we break to the downside we will go to our targets:
0.022
0.02
0.018
Watch BTC on the side.
Support: 0.02
Resistance: 0.026
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What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
ALT Coin In Bottoming Process part 2
MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
If ALTs can hold this Level we should see a large bounce
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Reserve Rights / USD $RSR - Writing was on the wallIn retrospect, on most cyrpto, the writing was on the wall for a major pullback.
RSR was no exception and dipped significantly. On Binance, dropped even deeper, but I use Huobi as it has full history.
In this case, I count a complete 5 wave move up. My EW is not the best, so take it or leave it. What was obvious though are the 4 consecutive tops on a daily timeframe with bearish divergence on RSI. This coupled with the BTC Dom chart looking to be locally bottomed at support, should have been an obvious red flag, which I ignored due to the Alt mania.
The move down is difficult to count but wave 2s tend to be sharper and more aggressive and we have touched the 0.382 fib on Binance already. If BTC has found local bottom then RSR should do well.