Is RSR/USDT ready for it's next leg up?I've been trading in and out RSR/USDT since . 01 and it is the gift that keeps on giving.
I am shitcoin_rich. I'm just some guy who made it in 2017 and gave a lot back to the market in 2018 and 2019, but, I learned a lot of great lessons and nuances of the alt market. My TA is meant to be simple, no gann fann's and fib circles. A few alt coin trading tips. I trade with EMA's as my baseline with price action as my basis for exact entries. I use fibonnaci/ market geometry/ indicators/ divergence for confluence on my entries/ exits. I am the farthest thing from a financial advisor.
1) When BTC is trending bearish , alts are mostly bearish .
2) When BTC is trending bullish , alts are mostly neutral or bearish .
3) When BTC is consolidating, alts are most neutral or bullish .
4) After a BTC bull trend, and moves into short to mid term consolidation, money almost ALWAYS moves into alts.
5) Alts follow Ethereum's macro trail mostly. Ethereum follows BTC's macro trail mostly.
6) If you trade alts with bearish momentum for Bitcoin or Ethereum , odds are you will lose.
BTC is King. Ethereum is queen. Alts are volatile peasants.
Trade Alt coins when BTC and ETH have bullish and/or sideways conditions.
RSR/USDT put in the daily high on Feb 13th, and the daily swing low on Feb 23rd, and has broken market structure to the upside on March 9th . Some technical observations, especially regarding the Feb 23 low.
- The February 23 low tagged the macro .618 fib extension and reacted bullishly. The low also wicked bullishly with a hanging man candle into a weekly order block. The reaction of the low put in a close of a higher high. And lastly the low tagged the Daily 55 EMA and moved bullishly away.
- Subsequently we have put in a higher high at .083 cents and I am looking for a support/ resistance flip at the .067 local high. If that area (local . 618 retracement / 6hr 55ema) holds, I am forecasting the next leg up to .13
I am bullish on RSR's fundamentals and expect it to reach .50 and maybe even 1.00 this year IF BTC and ETH hold bullish macro market structure.
And remember! Don't over risk! DYOR! Have a trading plan!
RSRUSDT
RSR is going higher!The pattern still needs to be confirmed as well, but at the moment, we can state with a high degree of confidence the reliability of such forecast.
This token is already in the public eye and about a week ago Grayscale Investments announced adding RSR to the pool of assets under its management.
In the circumstances of general bullish sentiment, We observe the correction which gaining distinct features of an Inverse Head and Shoulders bullish pattern, with a bullish moving average crossover. So we can wait and try to catch up with the trend tomorrow, or We can lead it today!
Our profit-taking levels: $ 0.09 and higher.
RSR following the plan Rsr is following the plan perfectly making HH and HL
I expect this to go a lower short term the $0.65 area to make a HL that would be a perfect entry.
The inverse head and shoulder has broken out to the upside and $0.9 is still on the table.
Dips are for buying and thats why I will be doing.
RSR: +100% pumping incomingThe RSRUSDT is moving in a log channel for a long time. Now it is heading to the upper band again, which is expected to be around 0.115 to 0.13 usdt range.
But be careful of the midline of the channel. The midline always played as a resistance/support in the history of RSR. Let's see if it breaks out.
MACD is golden crossed in the daily. RSI is moving strong.
We also have a nice Head&shoulders pattern, which is almost confirmed. The target of H&S is 0.9744.
I will take some profit at the upper line.
Supply Zone Hit and Time For a RetestAs predicted RSR has dropped to the supply zone around 70 - 80 satoshis and now it seems it will have to come down for a retest according to the Stochastic RSI. Feel free to look at my previous post on RSR.
- Not financial advice, practice and DYOR
RSRUSDTRSR looks pretty bullish.
This coin just had a 30% jump and made way to the hottest coins on Binance today.
Keep it under watch because if it can stay above resistance and close the 4H candle there, Those 2 Targets on the chart are highly expected.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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RSRUSDTI know the chart is crowded :)
entry: around 0.046
TP1: 0.0575
TP2: 0.0629
TP3: 0.069
TP4: 0.073
TP5: 0.082
SL: 0.03452
Check my website for tutorials, examples and calls :)
cry-pto-surf.com
- My trades are not financial advices
- always use stop-loss
- invest only the amount of money you are ready to lose
- trade with a strict money management method
Reserve, now as cheap as we expect.Warning: our thoughts are ours; not financial advice.
In our past reserve analysis, we expected the RSR to make a pullback to 4 cents. Thankfully, it trades even lower.
However, it needs to remain in its channel that began on 9th January 2021.
If it holds, the potential short-term target for us would be 8 cents.
However, if we break this channel to the downside, we could see RSR fall even further to 2 cents.






















