DONATE & Share Post Your Content On Smart Money Management

Follow Our Hourly Post by Email

Saturday, August 15, 2020



RSR is looking really good. Massive breakout. Plenty of room with the MACD to move up. Stoch is a little high on the 1 day but does not concern me. Volume is growing steadily. I have a clear bull signal which has been honoured 90% of the time with this coin.

Price action is growing. Reserve Rights Token price today is $0.01717016 with a 24-hour trading volume of $33,680,139. It has a circulating supply of 6.8 Billion coins and a max supply of 100 Billion coins. Don't let those token numbers fool you. DYOR. They have a unique policy on supply. Understand it before you invest. It will give you peace of mind.

I can see that this coin is in total price discovery . It is going to bounce a lot around for a while. There is clearly something brewing. The volume is my main indicator. It does not lie. Don't be shocked if you wake up one day or on multiple days and you see 40% - 60% jumps in price. If BTC stays steady in range, I can see $RSR going on a rampage. And it will be violent.

Another important note is that liquidity. For the bigger exchanges to come on board that needs to be sorted out. I don't see that as an issue. They have plenty in reserve and they have cash reserves to continue operations for years. The people behind this coin are extremely powerful. Think: Ex Paypal and others. Once again, DYOR.

I just picked up from their twitter page: "We are working to bring $RSR and $RSV to additional crypto exchanges. To do so, we are deploying treasury funds for $RSR liquidity provision. Check out our medium for details. We're excited about what's to come for the project and our community."
Here is a basic outline of where I see this coin:

New listings on major exchanges like Binance, Coinbase are probably within the near future.
It's well undervalued against where I see it in months (not years). Therefore an easy ALT hold in this environment.
Well funded.
It's already backed by Coinbase....
Mainnet is near
Partners are super connected:
-Peter Thiel- advises Trump on economic and security
-Brian Brooks- Head banking Regulations
-Paul Atkins-Form SEC coss. provides Trump eco advice
Liquidity already in place for large exchanges - this to me means it is imminent
Has potential to go to Billions in Market Cap and be a Top 10 coin
Has so many advantages over their competitors.
Some potential deal with Paypal.
Don't underestimate the 'Rangers' factor.

These elements will help 'explode' the price. IMO , this is one of the most undervalued coins in the market full stop.

No advice. #DYOFR #RSR We live in a bubble. Go enjoy life. Make trades and enjoy the outcome whatever that maybe. Life is one giant video game! How can you take advice from someone with those views.

Enjoy. Love and light.

Crypto Nut

from Trading Ideas
via gqrds

No comments:

Post a Comment