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RSR / TetherUS

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RSRUSDT trade ideas

Reserve Rights is leaving accumulation phaseRSR has shown strength as of late, but better late than never. Currently it is attempting to depart from its macro accumulation phase (high volume area) and is pushing the first level of interest (dotted horizontal). Additionally, it is interacting now with the 100ema on the weekly time frame, meaning I think a shorter term correction is due. Long term, this chart looks fantastic. I think despite potentially seeing consolidation in the short term, this thing should push up toward our high time frame resistance (macro resistance) in the large red zone. This is the first higher high out of the bear cycle, so things are really just getting started imo. Don't sleep on it. Vatsik
by cryptovatsik
RSR/USDT Bounce from the support, Indicating continue upward!💎 RSR has recently encountered significant developments in the market. Currently, RSR has successfully bounced from a support level that was previously a resistance, indicating potential for further upward movement towards testing our target Bearish OB area. 💎 However, if RSR revisits the support area around $0.0057, it needs to bounce again. Failure to bounce, and especially a breakdown below this support level, could lead to continued downward movement towards the demand area ranging from $0.0041 to $0.0037. 💎 When RSR reaches the demand area, a bounce is essential as it represents a crucial support level from previous bullish movements. 💎 Failure to bounce at this level and a subsequent breakdown below the demand area would signal a bearish trend, potentially leading to further downward movement.
by MyCryptoParadise
RSR/USDT Gearing up for a Bullish Momentum? 👀🚀RSR Analysis💎Paradisers, let's zoom in on #RSRUSDT, where recent market trends signal an impending retest of the Bullish Order Block (OB). 💎At the moment, #ReserveRights is poised to challenge the demand zone once again. There's a strong likelihood for the price to rebound from this zone and climb upwards, setting its sights on the bearish OB region as the forthcoming milestone. 💎However, if SEED_DONKEYDAN_MARKET_CAP:RSR does not achieve the rebound and instead dips below the demand zone, we may observe a pullback to the Bullish OB vicinity around the $0.0021 mark, where it could gather the necessary momentum for another upward attempt. 💎Historically, the Bullish OB sector has been a critical point for triggering notable recoveries upon interaction. Nonetheless, a breach of this area, signaling a shift towards bearish tendencies, could lead to a pursuit of bullish momentum from a lower echelon. 💎If #RSR doesn't manage to utilize the momentum from this or any lower level, a continued descent may follow. As always, your ParadiseTeam is vigilantly monitoring the developments, ready to navigate you through these market fluctuations.
Long
by MyCryptoParadise_Simon
2
RSR/USDT Break out descending channel, Bullish Momentum for RSR?💎 RSR has recently experienced significant market dynamics. After breaking out of a descending channel, the price is currently undergoing a retesting phase before probability continuing its upward movement towards our target Bearish OB area. 💎 However, if RSR fails to bounce during this retesting phase and breaks below the support area, it could indicate a reversal in momentum, leading the price back downward towards the Bullish OB area. 💎 Historically, the Bullish OB area has acted as a strong support zone, with the price bouncing after reaching this level. Yet, if the Bullish OB area is breached, it may signal further downward movement towards the strong support area.
by MyCryptoParadise
2
RSR/USDT gearing up for bullish ride? 👀 🚀 RSR Analysis💎 Paradisers, direct your gaze towards #RSRUSDT, which is currently showcasing signs of bullish potential from its demand zone. 💎 #Reserverights has recently hit a snag at the resistance level of $0.003309, prompting a pullback. Yet, should it manage to hold above the key demand level of $0.002832, we stand on the cusp of a bullish ascent aiming for the next critical supply zone at $0.003827. 💎 In the fast-paced realm of cryptocurrency, adopting a dynamic and adaptable strategy is paramount. Should #RSR struggle to secure its position at this vital demand level, pivoting to an alternate plan might become imperative. 💎 In this event, our contingency involves eyeing a bullish push from a more conservative support level at $0.002514. Keeping a vigilant watch on this threshold is essential, as breaking below it could herald a shift towards a bearish narrative for #RSR.
Long
by MyCryptoParadise
$RSR Wyckoff Schematic - Full ReturnTo validate, youd want to see a reclaim of 0.004 and a checkback to confirm the break into the range is now being supported. Then youll typically get the sign of strength in short order, an impulsive move to 0.009 before you could expect a high and tight consolidation for the partial decline move / bu This could present itself as a checkback at the prior supply zone or support. The partial decline would confirm with a retest of the range high, with the expectation thereafter of a breakout of the range and expansion phase into fib extension levels. The liquidity dots are meant to represent path of travel when a level is reclaimed, or lost, and id consider each level a partial take profit opportunity, or zone you may expect to see consolidation / checkback after breaking out. Dont let the operator fool you, he'll often over shoot these levels and then mean revert as a way of trapping traders in both directions. The parabolic log curve is meant to act as a representation of time / mean reversion, alongside the initial trend. While an accelerating asset will steepen its trend, its often a good gauge of fair market value, and potential targets on corrective phases.
Long
by TradingNomadic