RSRUSD - Another resistance test (breakout soon?)Quickly approaching resistance again, tested multiple times, trending strong. I think it's reasonable to expect a breakout here.
Watching closely.
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RSRUSDT
Reserve Rights - RSROne of those coins I see growth potential and now I'll explain to you. Why? What's it?
Company reserve.org
Reserve is a flexible pool of stablecoins designed to reduce risk through diversification and decentralized governance.
The company has two tokens:
Reserve (RSV)
The stable cryptocurrency that is economically and legally robust at any scale. Decentralized, 100% asset-backed, and funded by top Silicon Valley investors.
Reserve Rights (RSR)
The fluctuating protocol token that plays a role in stabilizing RSV and confers the cryptographic right to purchase excess Reserve tokens as the network grows.
As is well known, there are already we've about two dozen stable coins, but this's a project with a decentralized stablecoin that won't allow the team to conduct unlimited emission as the Tether company does;
The second - is the team;
The third is the initial investor Coinbase, co-founders of PayPal and others;
You can see on the site all the major investors.
Speaking of technical analysis, we've now broken through a long-term resistance line and this's a signal for many investors to enter a position.
Please, let us know what you think about it in the comment section.
Regards EXCAVO
RSR USDT Buy & Hold Idea for May 9th, 2020MA 50 & MA 200 look good here. They are creeping up. RSRBTC seems to be bottoming out soon. The USDT pair looks primed for another breakout and the buy line is sloping upwards. Break this diagonal trend line resistance and I think we make a solid move here.
Not financial advice. These are just me learning how to chart.
RSR - Potential for growthJust one more short altcoin review.
RSR - a cryptocurrency used to facilitate the stability of the Reserve token, i.e some kind of shares for RSV (stable coin).
Doesn't look too stable lol, but max drawdown if just buy and hold is moderate - only 67%, far from the worst result among altcoins. And looking to the chart it can be noticed that it pumped with btc.
So, if btc will pump soon (due to halvening mb) there're good chances RSR will do 1.5x-2x.
Ofc it's not a good idea to buy it now at resistance. Better to decide when BTCUSD goes up.
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Information is just for educational purposes, never financial advice. Always do your own research.
RSR/BTC Falling WedgeRSR/BTC has formed a falling wedge , breakout is upwards. Falling wedges have observed highest success rate so far.
RSRrsr needs to follow the yellow trend line and stay above it or imo 0.0020 would be my next target
No real news to excite the RSR project as yet!
with other cryptos trying and failing in Venz, im not sure if even RSR will prosper
BUT keep an eye on it, some one might actually do it, it might be RSR
RSRUSDTLooking at RSRUSDT on the daily chart
Willy is stupid
Potential div working in histogram
OBV noting that healthy
We are in location in the buy zone between the 618 and 786
Its trading right at the POC
Very low volume, will the bulls or the bears win this battle.
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 posted bellow.
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RSR strugglingRSR broke its recent support uptrend line.
depending on BTC obviously , RSR might take a while to regain some uptrend.
brilliant prospect RSR
conflicting messages from the RSR team are not helping to be fair and most holders are confused to how it works, RSR really need to remember that not all holders understand economics and crypto.