Welcome to this quick Update, everyone.
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RSR/USDT is making a triangle pattern.
Entry: CMP or more upside the white trend...
We are approaching a key level of resistance, after which a double bottom pattern could play out on the weekly time framce. On the daily time frame, another double bottom has been formed with a neckline at 0.0488$, which has been retested and confirmed. Once the daily one plays out, the weekly will as well. I would take profits at the Fibonacci retacements levels.
Reserve Rights is accumulating above 50MA support and preparing for the next big move to come!
#RSR #DeFi reserve.org
Current Price= 0.035359
Buy Entry = 0.035421 - 0.031653
Take Profit= 0.051122 | 0.075996 | 0.113954
Stop Loss= 0.024730
Risk/Reward= 1:2 | 1:4.82| 1:9.13
Expected Profit= +52.41% | +126.57% | +239.74%
Possible Loss= -26.27%
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Welcome to this RSR/USDT update.RSR looks super bullish here. It already broke out cup&handle pattern in the daily time frame. I'm expecting at least 200% profit from it. Buy some now and add more in the dips.
Entry range:- $0.042-$0.047
Mainnet is gonna be launched in December.
Good Opportunity for Short-Term and Midterm Investments.
10X potential in the midterm
100X Potential in the Long term.
Current price $0.04
My target $0.50
RSR is facing a big structure resistance, once it breaks through it, it can be a great opportunity to Long.
Signal: Blue -> Green
Structure confirmation: 0.048 Break Through
Condition: Bitcoin maintain the present level.
RSR, RSRUSD, RSRUSDT, RSRUSDTP, RESERVE RIGHTS, CRYPTO, CRYPTOCURRENCY
This is only a personal opinion and does NOT serve as investing...
**the chart INVERTED!**
compress leg up to the resistance (support), a rising (falling) wedge is formed, inside a triangle is formed, and bothe of them are broken downward (upward). DOUBLE TOP (DOWN) DIVERGENCE ON RSI. first target is 0.032
The green support line has held strongly so I would assume this will continue to follow which could lead to a breakout to newer highs at the upper two red circles.
There is a resistance line pushing it down currently so we would need to break through that.
I entered on the last pullback to the demand zone as there was a head and shoulders pattern forming on...
The bottom green trend line has been a strong support so I assume it may follow this - this would be perfect to break out on the two upper red circles to then lead to new highs.
Depending on how Bitcoin behaves we may see it follow the black trend line down into the lower reversal area to the break upwards, anything below that .. nope.
I had entered on the last...