RSRUSDT trade ideas
RSRUSDT IS A BULLISH BREAKOUT COMING SOON?Hello Traders, This is a Screenshot of my Analysis on this Pair. Price has been Bullish on the Monthly Timeframe, confirming that we are in a Bullish Environment.
However, we have an Accumulation on the Daily Timeframe and we can see Price bouncing inside a Pennant. I have marked out an area of Demand and I will be Monitoring Price Action inside this Demand Level for Potential Bullish Trading Opportunities in the Coming Days. Stay Put for this one.
Reserve Rights (RSR)Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stable coin platform on Ethereum. The Reserve Protocol comprises a dual token model: the RSR utility token and the RSV stablecoin backed by a basket of assets as collateral.
Reserve is backed by High Profile Venture Investors Including Peter Thiel, Coinbase Ventures, and Sam Altman. Certainly a contender for one of the top cheap cryptocurrencies to buy in 2021.
RSRUSDTRSRUSDT (1H Chart) Technical Analysis Update
Trendline Breakout
RSR/USDT currently trading at $245
Buy-level: $0.083 - $0.085
Stop loss: Below $0.076
Target 1: $0.090
Target 2: $0.096
Target 3: $0.10
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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🆓Reserve Rights/USDT Analysis (10/4) #RSR $RSRThe 0.08$ zone shows it is an strong support and the new rally may start from here up to 0.14$ zone
📈BUY
-Buy: 0.078-0.082$. SL B
📉SELL
-Sell: 0.137-0.143$. SL A
♻️BACK-UP
-Buy: 0.068-0.072$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RSR/USDT is expected to gain 70% in next few weeksRSR is ready for the next wave and headed towards the next all-time high. It is following the chart patterns as we predicted in the last publication.
The next phase is to gain 70% from the current point but may face resistance around 0.98, this gain will be in the next 3-5 weeks. You will notice the sell zone around 1.2. The volume is stable and moving in the favour.
Buy in parts since the market correction is expected. Best of Luck.
Disclaimer:
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in the publication constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
RSRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has gone out of its support line and completed its pullback and experienced further decline. We are considering a shopping area that we have identified for you dear ones. If the price reaches that area, it is a good purchase offer that can see the specified targets.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!