#RSR, one of the most undervalued coins didn't show a good move in the recent crypto market surge and it seems to be it is going to be its turn.
Technicals:
- Falling wedge formed. Price already broke the triangle.
- RSI and MACD on favor of the bulls.
- Guppy EMA showing a bullish sentiment short period EMAs crossing longer period ones.
- Volume Decrease + Falling wedge formation = really bullish pattern.
- For now it seems the 200EMA is the magnet towards the 38.2% fib resistance at around $0.0057. Before that it should close above the current resistance level of $0.0045
- Volume looking not bad but needs a more momentum.
- Price formation looking good and strong for the past 4 to 5 week.
- Correctional retracement and a pull back is expected in the middle before reaching all the targets.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of neither #AbaNefsoBulls nor its subsidiary CTE community, rather it is authored and complied by its founder. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
With Regards.
Nathnael B.
Technicals:
- Falling wedge formed. Price already broke the triangle.
- RSI and MACD on favor of the bulls.
- Guppy EMA showing a bullish sentiment short period EMAs crossing longer period ones.
- Volume Decrease + Falling wedge formation = really bullish pattern.
- For now it seems the 200EMA is the magnet towards the 38.2% fib resistance at around $0.0057. Before that it should close above the current resistance level of $0.0045
- Volume looking not bad but needs a more momentum.
- Price formation looking good and strong for the past 4 to 5 week.
- Correctional retracement and a pull back is expected in the middle before reaching all the targets.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of neither #AbaNefsoBulls nor its subsidiary CTE community, rather it is authored and complied by its founder. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
With Regards.
Nathnael B.