RSR in a falling wedge
RSR seems to be forming a falling wedge and according with Fib retracement we're on a potential reversal level, however we're also close to a resistance around 0.04USDT (not shown here not to mess up the chart) and we're currently below ichimoky cloud and EMA 200. Basically we need a volume to increase to push price over such resistance zone.
RSR could go another 2 bounces inside the wedge before breaking upward, should this be the case I expect price to orbitate a little bit below 0.618 but not to touch 0.786. If buy volume spikes I think we can break at the next touch of the wedge's upper resistance.
If you wanna enter do it now and set a stop loss at 0.033USDT from current price (0.037 at the time I'm writing). You can also use a lower SL if you want, I think this is due to another pump which, eventually will take it over 0.1USDT.
Overall it's a good buy, even to hold for mid and long term.
Good luck
RSR could go another 2 bounces inside the wedge before breaking upward, should this be the case I expect price to orbitate a little bit below 0.618 but not to touch 0.786. If buy volume spikes I think we can break at the next touch of the wedge's upper resistance.
If you wanna enter do it now and set a stop loss at 0.033USDT from current price (0.037 at the time I'm writing). You can also use a lower SL if you want, I think this is due to another pump which, eventually will take it over 0.1USDT.
Overall it's a good buy, even to hold for mid and long term.
Good luck
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.