RSRUSDT.P trade ideas
Bullish Gartley in the making for RSRUSDT ?Harmonic pattern idea for RSRUSDT
If price reaches lvl A pattern will no longer be valid.
I've added possible trading idea for short and long in the chart.
Target for short is at 1.272 A-B at pattern completion.
Targets for long are at .786 A-D and 1.618 A-D
RSRUSDT EXPECTED RETURN 40%+ OVER THE NEXT WEEKHello everyone,
this is my 5th recommendation in the altcoin crypto market. as I start every post first let me briefly describe what you are seeing on the chart. In white you can see the price of RSRUSDT , while in black that's the set of technical indicators that I'm using. This set is composed of simple moving averages with the following period lengths (20, 40 , 80, 160, 320, 640, 1280, 2560, 4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H + L) / 2 OF 2H candle sticks. This chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. to trade this, the more compressed it is the more you buy and the more stretched it is the more you sell while in between you just freeze. Now if you look at the chart you will find RSRUSDT is in the compressed mode and you will see that it has very strong long-term trend, it doubles on average every 75 days (will explain how to quantify trend strength in the coming posts) which means that you are buying a very strong crypto-asset at its fair price, which I consider a bargain.
with all that said my conclusion is that RSRUSDT is expected to be one of the best performing crypto-assets in the next week or two. please follow in order to see updates if the asset reaches the selling zone, and to see my new trading ideas.
please like, and ask any questions in the comments. also If you like my ideas please support me by offering a job or you can just tip me through my RSR wallet address bellow:
0x850df6a0f6b4f8f2d19910654aff47dbec8dc226
your support is much appreciated.
thanks
Mustafa
V-bottom formationAs you can see this looks a lot as V-bottom formation which usually break over the neckline, retests it and then pumps. In this case, since the V is cut at 3/4 from a resistance/support zone I think this will work as "neckline".
To be sure my theory is right we just have to see if once price retests the zone, if it bounces back then resistance has became support and our target might be reached.
The squeeze momentum indicator shows clearly that the V bottom is where most of the downward squeeze was released as it should be in these cases. Currently the upward momentum (confirmed by ADX+DI, not shown here) should be charging before exploding.
Basically if we bounce off the resistance zone you can jump in.
RSRUSDT - Reserve the Right to cash your tokens in on a big moveThere is an area of confluence waiting at an apex of two ascending trendlines, like a magic gravity well, it's drawing the smart money up after a period of consolidation. Also, stochastics is trading mid-range, reinforcing the possibility of a possible trend upward.
I also asked your mom, even she agrees on this one. Just don't tell dad you spent his retirement fund on a "token". And, remember, if you don't agree with me, press play and see.....
RSRUSDTentry: around 0.090
TP1: 0.099
TP2: 0.105
TP3: 0.1125
TP4: 0.1192
SL: 0.08212
Check my website for tutorials, examples and calls :)
cry-pto-surf.com
- My trades are not financial advices
- always use stop-loss
- invest only the amount of money you are ready to lose
- trade with a strict money management method
$RSRUSDTThe one thing i learned about Cryptos is patience. You have to believe in the project and let the trade follow. Give it time and stick to your plan and you will be successful.
ReserveReserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.
Reserve Rights’ dual token setup includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities.
important HERE :
Arguably Reserve's major defining feature is its Reserve Rights token, which is minted and sold when the RSV stablecoin loses its peg with the U.S. dollar. The funds generated by selling RSR tokens are used to replenish the RSV collateral pool, whereas when RSV is valued at above $1, the additional collateral will be used to purchase and burn RSR from the secondary market, driving down the supply.
So this coin will use a Burning mechanic to stabilise RSV Second coin to 1$. Burn RSR = Grow up... invest wisely and DYOR more about Reserve.... this kind of coin could hit Coinbase PRO.
Buy Zone : Now
TP1 : 0.13.5$
TP2 : 0.1995$
SL : No need
Happy Tr4Ding and Stay S4Fe!
$RSR to 0.1?If RSR breaks the trend line, the next target is 0.1. Could happen very quickly so keep your eye on this.
RSRUSDT is ready for new ATH 🦐the price is ready to get the new ATH. The price tested 0.618 Fibonacci level, and now wants to have a breakout from 4h resistance. if the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
