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RSR / TetherUS

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RSRUSDT trade ideas

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.
Long
by Shotokhan
5
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.....
Long
by Ifyouonlyknew
1
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!
Long
by thecryer
8
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 ––––– 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.
Long
by InkyGrip
6
RSR / USDTWhat Is Reserve Rights (RSR) ? Reserve 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. Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals — helping holders shape the future of the Reserve Rights ecosystem. In the later stages of the project, Reserve Rights plans to back the Reserve stablecoin by an increasingly diverse basket of assets, and eventually move it away from the U.S. dollar peg — instead creating an alternative reserve asset where RSV tokens instead represent fractional ownership of the collateral pool.
Long
by HolderYoda
1