RSR warming up

If you wanna enter RSR I'd advice you to set a buy around 0.0304 and another one a little bit higher. as you can see there's a falling wedge with a rising price inside it. Indicators makes me I think we should expect a little retracement (I see some little bearish divergences at 1h and 4h) however the path is clear.... UP!

Look at Fib retracement, the bounce in the 0.786 area happened as it does most of the times so I think entering from now on is safe enough.

RSR is a good project and is backed from paypal, I expect it to go over its ATH when it'll pump strongly!

Use stop loss according with my R/S and patterns supports.

Good luck

Comment:

RSR is up 13% since my call although there's a bearish DIV at 4h. If market will keep to be bullish I doubt the DIV will have any noticeable effect

Comment:

I adviced you wrongly on the entry price because I checked wrongly and there was no bearish DIV so probably you didn't enter this if you followed exactly my advices, however if you did enter following your instinct this is currently breaking out (at least I was right on this)!

VLPR control line is high enough and volume is rising, I think the break out will keep going, my only worry is the EMA 200 currently acting as resistance. Also remember that wedges tend to be retested after the breakout

Comment:

I'm using the 4h to show better that RSR has broke out and has retested the wedge. VLPR's control line is at the base of current 4h candle, it's likely the retest is positive and from here it goes up. Target is on the chart.