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Rsr

RSR - 4H Bearish DivergenceRSR has shown incredible positive price action in the last days, skyrocketing from ~$0.005 to $0.01 in a matter of a week. I was expecting a tiny correction from $0.008 area but instead price jumped ~20% up. Higher highs on RSR price did not follow with the same pattern on RSI and MACD, making me believe that a small price correction vis-a-vis negative outlook on public markets, cyrptocurrencies in general and overall geopolitics. Opened a short in area $0.0096, targeting $0.0092 and below. Trade cautiously as the token is experiencing positive traction and lot of speculation.
Short
by crypto_angelz
RSR analysis Let’s have a look at rising #RSR RSR is the native token of the Reserve Protocol platform launched in 2019. The long-term goal of the protocol is to create a stable decentralized global currency, protected from inflation and at the same time not pegged to any fiat currency. The project uses RSR to secure the value of the Reserve stablecoin (RTokens) through staking. A basket of tokenized assets is used to back the currency. As announced by the project team, the full deployment of the protocol and the launch of its main network will take place in October. Presumably this will happen on October 10th. This will enable the decentralized applications (dApps) platform, allowing the creation of RTokens. As you can see, while waiting for the launch of the mainnet, RSR has shown an increase of 85% over the past 10 days which is a strong and aggressive growth and also we have come to the resistance zone with almost no corrections. For me, this means that this resistance will be broken sooner or later, but now I would expect a correction from this level and accumulation, perhaps we can break through this resistance earlier on the news background, but it seems to me that this breakdown may be false and after the news we will show a correction. We see a very good accumulation and the coin is really very interesting, but the bear market
by razumcapital
RSR - Short -bearish divergence short termRSR has been experiencing very strong buying momentum over the course of the past days, galvanized by the upcoming mainnet launch at beginning of October. Price action has been generating higher highs, reaching top of >0.0085. RSI and MACD have been crunching lower highs instead, suggesting we might experience a bearish divergence which can push prices lower in the short term. Please note that the token might experience high volatility given the mainnet launch as market will follow the old adage, buy the rumour sell the news. Would position with a short, but with tight stop loss
Short
by crypto_angelz
RSR moved 8%. What's next?Hello, dear TradingView members. This is an RSR idea. RSR just made an 8% move up and got rejected after reaching the local resistance area. It is still bullish, considering how the Bollinger Bands are expanding, and the price is pushing up the upper band. There are two possible scenarios for now: Scenario One: The price will move a bit longer above the local support area and reach resistance levels. Scenario Two: The price will get rejected by the upper Bollinger Band and fall on our support levels. RSI is near the oversold area, but the price has more room to go up. Now let's see your ideas. Let's have a discussion. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
22
RSR/USDT READY FOR A 200% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this RSR/USDT trade setup. RSR looks very good here. Breaks out from the symmetrical triangle in the daily time frame and currently retesting the triangle. After this successful retest, we can expect a good 200% move to the upside. Buy some on spot and hold it. Entry range:- $0.0066-$0.0072 Target:- 200% SL:- $0.0058 Buy some now and add more to the dip. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
6