Looking at Reserve’s Rights (RSR) token today. Seems like it wants to fall and test 21 sats again or finally fall for its listing low of 14 sats. Macd has yet to cross it’s lines to suggest a positive trend change and the rsi has never been sub 20. At least on Huobi.
Might be worth considering the mfi has been sub 20 for the past couple days.
Looking at RSR on the daily chart
Not much to see on the daily.
Willy in no mans land
Histogram making LL
OBV not to healthy
No volume coming in yet
Last support at 14 sats
Considering this is a fairly new asset TA could be invalidated here because of fundamental news. Also looking on the 4h RSR seems to look a lot better than the daily. Chart for that will be...
RSR is backed by Ycombinator president, Coinbase Ventures, Founding executives of Paypal and many more. They did IEO on Huobi, It didnt moved that much due to low awareness.
Their product Reserve Dollar is slated to be launced in Q2/Q3.
We can speculate Coinbase listing and many other exchange listing in near future. Currnetly market cap is just $ 10.7 mil at...
IEO are HOT. RSR is one of them. FA is solid, the team is strong and it is backed by Coinbase. Co-founder of Paypal Peter Thiel is investing in RSR and some other big names as well. Potential could be huge. But for now the team should show case the real benefits of RSR and RSV.
For now RSR needs again some momentum. Perhaps we can see soon some price action to...