thedailychartist

RSRUSDT potential breakout setup from this textbook pattern...

Long
BINANCE:RSRUSDT   RSR / TetherUS
Keeping it simple here as per usual. This as good as it gets if you're a breakout trader.

This coin is in price discovery mode so.... moon? :)
Comment:
There it goes. Measured target marked but I think this goes higher. ;)
Not trading advice!
Comment:
Premise of a breakout still valid but not ideally strong with sellers walling the market right now. Waiting for a higher high to form to further validate the breakout.
Comment:
Pattern has been invalidated. Still think we're in a bull trend so this is just another dip.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.