RSRUSDT
RSR/USDT for the Bounce to ATH's!Hello Traders,
RSR is playing the Fib chart perfectly along with the EMA's.
EMA's are as follows: 50/100/200/255. I currently have the 2 Hour chart set up. But you can look at any of the hourly time frames such as 1 hour, 2, 3, and 4 to see that the price has flipped all of these EMA's. I trade heavily upon any EMA breaks, as this generally confirms an uptrend/ bullish.
The 2 hours, 255 ema, and fib chart played the bottom wick perfectly, which has resulted in the uptrend we see currently.
Once the heavy resistance zone is broken and the zone above it is broken we should see some new ATH's.
On the fundamental side of things, there has been some positive news about DEFI's, which should help to bring in some mainstream volume.
I'm taking profits between .786 - 1 on the fib. for 50% and the other 50%, I will be waiting for the ATH's to be broken.
How many of you remember playing pick up sticks when you were a kid? This is what this mess of trendlines look like to me but it's interesting to lay them out and see which ones act as support and resistance.
Good luck!
Reserve Rights - Poised to explode higherReserve Rights is sitting right under the breakout zone for completing the cup & handle pattern.
The MACD has flipped bullish - The trend is our friend.
Im expecting a few days of consolidation here under resistance, build some pressure then blast through resistance on high volume & reach target shortly after (within a few weeks).
Patience is key here.
If BTC shits the bed then all bets are off
RSR channel developing - Reserve Rights Token - LongRSR channel developing - Reserve Rights Token - Long
This one has garnered some attention, has good backing and is targeting countries with failing central bank currencies. Hence; alt bull season = this one goes HAM.
Ham in a can.
10 CRYPTOCURRENCIES TO 10X IF INVESTED IN 2021 | 6: ReserveDISCLAIMER: The following is not financial advice. Invest at your own risk.
This is part 6 of the 10 part series of 10 Cryptocurrencies you should invest in 2021 to have exponential returns in the future.
The investment strategy centers on fundamentals and predictive models. It assumes all exponential assets obey the following:
Volume and Price action is everything.
Price always reaches the upper band (green in color in the chart) of the previous cycle high.
Ignores black swans and outliers ("A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.")
Price always regresses to the mean: Fibonacci zone 50%.
Each cycle's return diminishes by Fib levels: 100% to 78.6% to 61% and so on
Why you should invest in Reserve Rights:
Projected ROI on Log Scale: 1100% or more
Projected Price Target: 0.38993
Maximum Drawdown on Log Scale: 100 to 300%
Risk/Reward: 11X
Expected timeline: 1 to 3 years (Please note the predictive model doesn't predict time period. It simply predicts price projection)
Fundamentals of Price Movement:
Since chart data for RSR is limited, we are going to focus on key fundamentals like Problems, Solutions, Team, and Investors. Please do your research before investing. I provided links at the end to help you out.
RSR is right now aiming to be a currency for countries with high inflation. However, they want to be a global currency of the world.
Stable coins just got legalized:https://www.coindesk.com/occ-banks-stablecoin-payments
It's backed by top Silicon Valley investors, including Peter Thiel (Peter Thiel usually don't make a shitty investment).
Nevin Freeman, it's CEO, is a genius and visionary. I can tell when I see one.
It were part of Davos 2019 discussion: www.youtube.com
Massive inflows of Smart Money in Bitcoin means massive inflows of money into major altcoins based on Market Capital.
Altcoins are one cycle behind bitcoin, which means the return in altcoins will be 2X to 10X the return of Bitcoin.
Total Crypto Altcoin market cap expected to reach 2.5 to 5 trillion in this cycle.
See the chart below:
Research Materials to Learn More:
www.realvision.com
reserve.org
marketsuncovered.medium.com
Don't forget to like this if it helps you. Welcome to the greatest wealth transfer of the generation. Check the previous post below. Next post will be about Band Protocol
✳️Reserve Rights/USDT Analysis (27/12) #RSR $RSRThe buying power appeared in 0.016-0.017$ zone and RSR will increase again and retest the bottom of the broken symmetrical triangle pattern at 0.019-0.02$, if successful conquering this zone, RSR can completely rise sharply to the zones of 0.027$, 0.032$ and even the ATH zone at 0.039$
📈BUY
-Buy: 0.016-0.017$. SL B
-Buy: 0.019-0.020$ if A. SL B
📉SELL
-Sell: 0.027-0.028$. SL A
-Sell: 0.032-0.033$. SL A
-Sell: 0.038-0.039$. SL A
♻️BACK-UP
-Sell: 0.016-0.017$ if B. SL A
-Buy: 0.013-0.014$. SL B
-Sell: 0.013-0.014$ if B. SL A
-Buy: 0.009-0.010$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RSRUSDT forming a Cup and Handle formation. About to pump?RSRUSDT has been on a clear Cup and Handle formation that began on September 3rd; the handle forming since November 25th.
Things to take into account:
- We know the formation is valid as the cup has been forming steadily for 84 days - the handle for 35.
- Price volume has been decreasing during the handle formation period, which is a healthy sign typical of these types of formations.
- MACD shows signs of crossing over. This together with the volume decrease it signals bearish exhaustion and a potential reversal.
My own position triggered on December 23rd at fib level .236 at price .015, which is a good spot for a local bottom. The formation itself will be invalid IF we don't hold this level. My own SL set up at .014 to give it some space to breath.
Good luck to everybody out there.
✳️Reserve Rights/USDT (28/11) View + Trading Plan #RSR $RSRRSR is currently under very strong selling pressure and it is likely to continue falling to re-test the 1600sts zone. If successful, it will rise back to the 2000sts zone and possibly increase to the 2800sts zone.
But the high possibility is that the uptrend of the RSR has ended and will fall sharply to the 1000sts in December
📈BUY- LONG
-Buy: 1600-1700sts.SL B
-Buy: 2000-2100sts if A, SL B
📉SELL-SHORT
-Sell: 2000-2100sts, SL A
-Sell: 2700-2800sts, SL A
♻️BACK-UP
-Sell: 1600-1700sts if B, SL A
-Buy: 900-1000sts, SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RSRUSDT D1: XABCD 225% gains BEST LEVEL TO BUY(SL/TP)(UPDATED)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
RSRUSDT D1: XABCD 225% gains BEST LEVEL TO BUY(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: RSRUSDT 1day/candle chart review
::: updated/revised outlook
::: still great setup for 225% gains
::: XABCD setup in progress
::: currently CORRECTION MODE
::: stuck in tight conso mode
::: expecting pullback soon
::: point C is near 0.010
::: BUY LOW point C / PRZ
::: entry - late December
::: up to 200% gains possible later
::: short-term BEARISH
::: bulls wait for pullback
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +150%/+200% gains
::: details: see chart
::: FINAL TP is 0.030
::: recommended strategy: BUY/HOLD after correction
::: best entry near 0.010
::: TP BULLS +200% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/CORRECTION