I took my time drawing this chart for you showing all the different stages of the market cycle.
We are looking at Reserve Rights (RSRUSDT) on the weekly timeframe.
Full chart
» A bear market ends with an ending diagonal pattern and final bottom.
» The reversal forms as a classic cup and handle pattern.
» The market transitions from bearish to bullish and turns green.
» Price action changes from lower highs and lower lows to higher highs and higher lows.
» RSR creates a rising channel.
» We are witnessing the start of the next advance.
» Reserve Rights is ready for a higher high and the highest prices in four years, since 2021.
Current price action
» RSRUSDT is on its fourth consecutive green week.
» In early 2024, it produced 7 consecutive weeks closing green as a minor advance.
» The correction that followed was brutal but ended as a higher low in August 2024 than a new advance, this time a total of 17 weeks rising but not all green.
» We are set to experience the last and strongest bullish wave for this RSRUSDT bullish cycle.
» It should be many times stronger compared to last two.
2025 New all-time high
» The final target for this wave can be many times higher than what is shown on the chart.
» On the chart I am showing only a very conservative target.
» I expect higher prices.
» Looks like a good pair based on TA.
Thank you for reading.
Namaste.
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