Rsr
0-5 triangle trade setup (sideways but range is getting tight)-Yurlo
We've seen a 2 thousand dollar pump from $17,500 - $19,500 since the run at ATH on December 1st 2020, so what does this mean?
Pumping to new highs and entering price discovery won't be easy, if we dumped to $18,300 from this range it would still be a higher low and at support on the trend line. Lose that and we fall much lower, break this triangle to the upside and we're less than $500 from ATH's which we havent seen since 2017/2018.
If i was short I'd have a s/l just above ATH's and if i was long i'd have a s/l just below $19,000 which is local support.
Enjoy your day and have an amazing week, I'll post again on Friday.
Cheers friends 👍
RSR is preparing for moonshotMa ribbon has not been crossed yet on daily timeframe but something is brewing.
MAs are tightening more and more each day.
MACD is still below neutral zone.
I would wait a break of the ribbon with a positive macd to enter this trade.
Remember that money management is everything.
Good trade to everyone.
$RSR/BTC 4h (Binance Spot) Descending triangle breakout#ReserveRights is looking ready for the next move up, let's grab a bag here.
Current Price= 0.00000101
Buy Entry= 0.00000102 - 0.00000098
Take Profit= 0.00000112 | 0.00000124 | 0.00000132
Stop Loss= 0.00000088
Risk/Reward= 1:1 | 1:2 | 1:2.67
Expected Profit= +12.00% | +24.00% | +32.00%
Possible Loss= -12.00%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
LONG RSR - Oversold in an uptrend!!Reserve is a stablecoin introduced in January 2019 to iterate on the stablecoin projects that preceded it. The team decided that to build a lasting stablecoin, several design choices were necessary: an asset-peg that, short term, is set to a fiat currency, but long-term, is set to a basket of assets; fully collateralized backing; decentralized issuance mechanism. Thus, Reserve starts as a fiat-pegged stablecoin with the goal of transitioning to a diverse asset-backed stable currency in the future. The price target is originally set to equal $1.00.
Rights Reserved might be more that Reserved. RSRUSDA similar picture to Balancer. Anyway I am bullish, but might be a little to draw meaningful goals at this stage, but like BAL, I have positions in this. Good luck traders! Not financial advice.