RSR may revisit the 0.067 zone for the healthy retracement. We've been see this gem recently a good price action, but in a healthy market there's no such thing that is full vertical pump healthy correction occurs after a pump. Price target are shown inside this chart. Thank me later.
In this technical analysis, it shows hidden divergence in 4 hours time frame. Fair enough to indicate a good sign of correction. One thing is the falling wedge pattern from the top before the dump. BUT. Bear momentum is very strong, it might invalidate anytime and it could break the parabolic structure. If 41k level doesn't break, i want to see a consolidation...
We may hit the 2$ in some few days. If the retest on the nearest resistance is successful. Im going to close my position in 2$ before Chinese New year. It may cause a big dump before CNY.
Good day!! I brought up some analysis today since the market is so boring and risky. As per my analysis, in 1D TF indicates us a trend reversal pattern using head and shoudler. Aside of that if BTC doesnt play on its resistance, rsr would go down and it has a possibility to break its strong trend line. No one knows how deep it would be. But if you believe in...
Quick TA for this coin, it is about to break out and continue to break it's short term bearish momentum
The candle is attempting to surpass the resistance again. If the candle is close above the resistance, it may break ATH soon.
$RSR is still on bullish bias based on the past trend. We are experiencing consolidation period as of now, but still in good looking condition. I believe, this accumulation period will blast off after the preparation of the bulls. We may still experience this scenario in a few days. Invalidation of this content when the price action breaks if resistance.