Camarilla 3rd level monthly trend analysis (long term)
May vs June R3 under S3 (Most Bearish relationship)
Monthly close under S3 might spark drop to S4 - 21K where could find strong support from 2 months S6 and June S4 (multiple levels - Power Of Confluence)
July Developing 3rd level (dotted lines) creating same S3...
Sxp is forming higher highs and higher lows on the micro time frames.
The next level of resistance is around the $2.25 area I will see how it reacts there.
$1.60 seems like the bottom for now, volume needs to start kicking in on alts for follow through.
Keeping a close eye on btc seems choppy in the short term.
Ada/btc is looking brilliant, it has wiped off the entire drop from the 19/05 and is currently breaking out if a IH&S looking to make fresh highs.
Ada has held up very well in this crash and i expect further upside.
Btc is still on shaky ground so any sudden drop could still destroy alts in the short term.
Be cautiously optimistic.
Reserve Rights (RSR)
Max Supply 100 Bn
Circulating 13.6 Bn (13,6% of 100%) - Big potential
Goal 1 : X2 From Now - Near mid-end of Summer 2021
Goal 2 : X10 From Now - Near May-June of 2022
Don't Forget subscribe, i Will be adding more coins - soon.
Profits to everyone!
One could add here for target 305 /400+, flag like structure can be depict from chart.
1) Company has posted stellar quarterly result.
2) volume is high
3) company would benefit by import ban on solar glass from china.