RSR Uptrend Resumes - Target $0.20SUMMARY: bullish and consolidation period ending - looking for entry point to go long.
-- Technical --
RSR has been consolidating for the last 4-5 weeks and looks to be ending it cycle, after breaking to the downside on the ascending triangle.
Bollinger Bands daily is pushing the bottom of the volatility cloud and indicates a bottom has been reached.
MACD daily is indicating momentum down is slow and we are close to golden cross.
RSI 1D shows plenty of headroom for upwards buying momentum.
-- Fundamentals --
RSR is a solid project with a market cap of approximately $1bn - I see as a challenger to XLM or XRP.
It could easily achieve a 10x upswing in this environment.
Needless to say - I am ultra bullish on this one.
$$$ Happy Bull Market Alts season is here $$$
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*Not financial advice and is for educational purposes only. Always DYOR.
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