rsr coin currently trade now on strong support area we are expecting now some good moves in rsr coin if its hold now its
support area
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jazakallah
BINANCE:RSRUSDT
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Now almost all alts charts looks the same! top, one and half year downtrend line and bottom around more or less -0.18 and -0.27 zone by fib!
Everything on chart is D1 Timeframe
Possible...
We anticipate a dip in the RSR price and have laid out a trading plan that can serve you well. The parameters that we have set for our trading idea are :
Short RSR/USDT
➡️Entry: 0.00444
✅Targets: 0.00433(50%) - 0.00421(25%) - 0.00409(25%)
❌SL: 0.00455
Welcome to this quick RSR/ BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- RSR/BTC Triangle pattern create to buy RSR/BTC
Entry:-BUY THE GREEN ZONE
Target:-Long time hold target 400% with levels 5X to 10 and spot and margin and features
Stop loss:- 0.00000038
Remember:-This is not a piece of financial...
as we ca see this instrument is just broken its past low accumulation zone and entered to a volatile accumulation zone
which is its preparation zone for some blasting move up.
we can forecast the up coming targets by initially the parallels leg zone of Fibonacci projection 1TP and if touched by the 2TP which is the extension zone of the same fib projection and...
RSR looking really solid with the trendline retest, we have a few confluences like inv H&S and bullish obv and bullish harmonics so it looks like we'll break the resistance, if we breaks it you can jump on the trade and ride it till the marked target areas!
RSR waiting for it to do something and catch up with other beasts.
If you liked this idea, give it a thumbs up! :-)
Based on my TA, RSR is currently forming a double bottom on the weekly chart and on the daily chart it is trading above the 50MA which is a good indication. However, there is a strong resistance at the yellow triangle ($0.05-$0.058)
I would go long if it broke this level and close 2 daily candles above the yellow triangle.
SL: $0.048
TP1:$0.065
TP2:$0.073
TP3: $0.084
If it can break the downtrend line upwards and stabilize above the static resistance, we can see good movement...
The 0.08 support area is very important to us...
RSR channel developing - Reserve Rights Token - Long
This one has garnered some attention, has good backing and is targeting countries with failing central bank currencies. Hence; alt bull season = this one goes HAM.
Ham in a can.
