Fundamental analysis of RSR reveals that this project deserves a lot more attention than it has already garnered. No wonder it is one of the top projects Coinbase has invested in. However, it has not been listed on Coinbase yet. This bodes well for mid-term and long-term hodlers.
Technically speaking, RSR is breaking out of a huge range. The crucial resistance level ahead will catapult this coin into previous highs if retaken. RSI is in the overbought territory; however, it has some tiny room to grow to settle above the resistance zone. MACD indicates that it has some fuel left to propel the drive. Plus, an incoming golden cross between MA50 and MA100 might prove to be a catalyst. More importantly, the flip is a matter of "when", not "if".
I will definitely open a trade on the retest of the resistance flipped support. The trend line in black might prove a bit of a hurdle. Having said that, momentum will force a break out of that. Patience is the name of the game for now. A great opportunity is brewing.
Technically speaking, RSR is breaking out of a huge range. The crucial resistance level ahead will catapult this coin into previous highs if retaken. RSI is in the overbought territory; however, it has some tiny room to grow to settle above the resistance zone. MACD indicates that it has some fuel left to propel the drive. Plus, an incoming golden cross between MA50 and MA100 might prove to be a catalyst. More importantly, the flip is a matter of "when", not "if".
I will definitely open a trade on the retest of the resistance flipped support. The trend line in black might prove a bit of a hurdle. Having said that, momentum will force a break out of that. Patience is the name of the game for now. A great opportunity is brewing.
Kommentera:
The first swing at the stiff resistance zone.
A brief introduction to Reserve Rights.