SUMMARY: bullish and consolidation period ending - looking for entry point to go long.
-- Technical --
RSR has been consolidating for the last 4-5 weeks and looks to be ending it cycle, after breaking to the downside on the ascending triangle.
Bollinger Bands daily is pushing the bottom of the volatility cloud and indicates a bottom has been reached.
MACD daily is indicating momentum down is slow and we are close to golden cross.
RSI 1D shows plenty of headroom for upwards buying momentum.
-- Fundamentals --
RSR is a solid project with a market cap of approximately $1bn - I see as a challenger to XLM or XRP.
It could easily achieve a 10x upswing in this environment.
Needless to say - I am ultra bullish on this one.
$$$ Happy Bull Market Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Got questions? Shoot.
-- Technical --
RSR has been consolidating for the last 4-5 weeks and looks to be ending it cycle, after breaking to the downside on the ascending triangle.
Bollinger Bands daily is pushing the bottom of the volatility cloud and indicates a bottom has been reached.
MACD daily is indicating momentum down is slow and we are close to golden cross.
RSI 1D shows plenty of headroom for upwards buying momentum.
-- Fundamentals --
RSR is a solid project with a market cap of approximately $1bn - I see as a challenger to XLM or XRP.
It could easily achieve a 10x upswing in this environment.
Needless to say - I am ultra bullish on this one.
$$$ Happy Bull Market Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Got questions? Shoot.
Commento:
Long wick on the 1D - bullish signal
