RSRUSDT trade ideas
RSR / USDTWhat Is Reserve Rights (RSR) ?
Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.
Reserve Rights’ dual token setup includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities.
Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals — helping holders shape the future of the Reserve Rights ecosystem.
In the later stages of the project, Reserve Rights plans to back the Reserve stablecoin by an increasingly diverse basket of assets, and eventually move it away from the U.S. dollar peg — instead creating an alternative reserve asset where RSV tokens instead represent fractional ownership of the collateral pool.
RSR broke out the resistanceThat violet triangle there was a resistance zone, RSR passed through it and opened a new 4h candlestick over it. I think it's safe to say we're heading toward 0.10 now. I suppose at a certain point we'll retrace, should this happen take it as a chance to buy more, I won't suggest you to buy in this moment because it's pumping already.
Indicators are good, ADX+DI shows the bullish moment is still there. This is going to do well
a Deep dive on RESERVE : (RSRUSDT analysis)"Reserve is a flexible pool of stablecoins
designed to reduce risk through diversification and decentralized governance."
"To everyday users
Reserve is just an app for buying, holding, and spending digital US dollars.(Available in Venezuela, Argentina, and Colombia )"
❇️(coinmarketcap DATAs:
(Rank #74 kind:Token ,On 65,590 watchlists , Market Cap:$1,218,559,783 , Fully Diluted MarketCap:$9,257,124,169 , Circulating Supply: 13,159,999,000 RSR (13%) ,Max Supply:100,000,000,000 )
What Is 🌟Reserve Rights (RSR)🌟?
Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.
it includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities.
Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals.
❇️Who Are the Founders of Reserve Rights?
Reserve Rights was co-founded by Nevin Freeman and Matt Elder. Freeman is Reserve's CEO and a seasoned entrepreneur. He describes his life goal as "solving the coordination problems that are stopping humanity from achieving its potential."
Matt Elder, on the other hand, is an experienced engineer who previously worked for Google and Quixey, and now works to oversee the architecture of the Reserve protocol implementation as the project’s CTO.
❇️What Makes Reserve Rights Unique?
Unlike other stablecoins that are typically backed by U.S. dollars (USD) held in reserve in a bank account controlled by the stablecoin issuer or a trusted custodian, Reserve stablecoins are backed by a basket of cryptocurrencies managed by smart contracts.
This basket initially consists of Ethereum stablecoin assets, including USD Coin (USDC), True USD (TUSD) and Paxos (PAX), but there are plans to later transition to a more diverse basket, which might eventually include fiat currencies, securities, commodities and complex asset types, like synthetics and derivatives.
Arguably Reserve's major defining feature is its Reserve Rights token, which is minted and sold when the RSV stablecoin loses its peg with the U.S. dollar. The funds generated by selling RSR tokens are used to replenish the RSV collateral pool, whereas when RSV is valued at above $1, the additional collateral will be used to purchase and burn RSR from the secondary market, driving down the supply.
Arbitrageurs can benefit from this mechanism when RSV is valued at above $1.00, by buying RSV at $1.00 from the Reserve smart contract using RSR, and then selling it at the current market price to net the difference as profit. This option is only available to RSR holders, and is currently one of the main drivers for holding RSR tokens.
❇️refrences: coinmarketcap - reserve. org
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✅TECHNICAL ANALYSIS
Since mid-September, we have seen that the currency is stuck in an uptrend channel that regularly fluctuates between 100 and 200% for 5 times, which provided a good and low-risk opportunity for swing traders, and in any case. I think this currency will have to leave this channel and maybe it will happen in the vicinity that after leaving the channel, you can enter to a long position or with low-probably it can see the bottom of the channel again in the green support range and then climb.
But this scenarios is also a possibility and it may go in any direction which market chooses .
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
RSR/USDT Entering to Alert ZoneIt is about to hit is next all-time high and may fall back to the short term support level 0.062 Zone. The time span between two highs is about the same and it may reflect the opportunity to do short. The trend needs to fall back to its short/long support level to continue the Bearish trend.
The short opportunity will be reflected between 0.098 - 0.102 (This is only for short-term) Overall the charts are bullish.
Share your thoughts on this.
Disclaimer:
This is not financial advise, do your research and analysis before entering the trades.
You may lose all money if you enter into the wrong trades.
RSR | Near the 0.1$ critcal level price is trending in contraction and soon to be expanded, I would like to see a daily candle close above the critical level of 0.1$ to confirm the high probability of expanding furthermore toward 0.5 level, notice that the price might get aggressive after breaking the 0.1$ and do not consolidate in 0.5$ area but to go directly to 2$ level ,, however , in this setup holding to 2$ if the price gets aggressive will be a good strategy,,
RSR Cup and Handle breakout This one is very straightforward:
-Cup and handle pattern clearly visible and completed
-Already broken overhead resistance at top of cup
-Retesting now for a support/resistance flip
-Looking for a bounce to enter
-bullish bias as higher lows forming on RSI
TARGET : 0.11
RSR Price in Bullish PennantRSR cryptocurrency the giant crypto currency and best investment project price is now at the moving in the bullish pennant
RSR cryptocurrency coin chart looks really good bouncing off the support zone and also at the trend line support.
Breakout above the 0.09 USDT it can move higher after the breakout
Big inverted head and shouldersI will only go long if a 4 hour candle closes above the yellow line. If so, it seems likely that price will move up to test the aqua colored logarithmic trendline. There is both a big and a small inverted head and shoulders to keep an eye on, and closing above this level will mean that both of them are in full force pushing price up.
Rsr ready for the next leg upRsr is forming higher highs and is still following the plan.
Is see this forming new ath soon.
A close above the $0.08 on the daily is key for further continuation.
Has RSR Gone Full Parabolic?RSR looks like it has made the move to go full parabolic. The trend has been continuing this way since June of 2020.
If the trend sustains, expect as much as a 2x around May 2021.
The RSR token is built on solid tokenomics and an awesome outlook on bringing stable money to people around the world.
Here's a zoomed out view:
Here's a local future outlook:
Happy Trading!
Time to Long RSR-- To the moonTripple bottom for RSR and has been retested. Excellent support. Time to Long
TP1 at 0.08
TP2 at 0.09
TP3 at 0.1
RSRUSDT Third wavePossible third wave setup. See the chart for projections and Fibonacci targets, Good luck!
