RSR has been trading inside a clear descending channel, forming consistent lower highs and lower lows while respecting the broader bearish structure.
Recently, price formed a rounded bottom near 0.00133 and started a recovery move toward the descending channel resistance around 0.00186–0.00198. This region aligns with multiple trendline resistances and acts as a key decision zone.
If buyers manage to break and hold above this resistance, the structure could shift from a corrective bounce into a stronger bullish expansion. In that case, RSR may target 0.0028–0.0030, which represents the next major supply area.
However, if price gets rejected at the channel resistance, the broader downtrend remains intact. A rejection from this level could push price back toward 0.00133, and potentially even lower toward the channel support.
For now, RSR is approaching a major structural resistance, and the reaction at this level will likely determine whether the market transitions into a breakout or continues the downtrend.
Recently, price formed a rounded bottom near 0.00133 and started a recovery move toward the descending channel resistance around 0.00186–0.00198. This region aligns with multiple trendline resistances and acts as a key decision zone.
If buyers manage to break and hold above this resistance, the structure could shift from a corrective bounce into a stronger bullish expansion. In that case, RSR may target 0.0028–0.0030, which represents the next major supply area.
However, if price gets rejected at the channel resistance, the broader downtrend remains intact. A rejection from this level could push price back toward 0.00133, and potentially even lower toward the channel support.
For now, RSR is approaching a major structural resistance, and the reaction at this level will likely determine whether the market transitions into a breakout or continues the downtrend.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.