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RSRUSDT

RSR – High Risk High RewardFirst, I would like to say that I don’t know anything about the fundamentals of this project. This is a chart analysis only. If you’re a fan of the project, don’t take it personally. RSR’s chart shows a lifetime downtrend. RSR pumped hard between October 2020 to April 2021 and since then it is in a downtrend. I can’t see a reversal sign on the chart. Since April 2022 RSR is forming a falling wedge. You can see on the chart that it is respecting the support and resistance lines very well. Hypothetically, should the bull market return and if RSR performs well, it could go back to its ATH. If it does, it’s almost a 50X. From my POV, it’s a complete Degen play but, I might try it. If anyone knows something about this project, please put it down in the comments. NFA Feedback will be appreciated. Best wishes to all.
by NewThoughtCrypto
6
$RSR : Looking for an easy mid term 2X move.#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.
Long
by cryptotalk_et