💟 Market Health (October-19) In this period, BTC is approaching the $64000 zone and it will take more time to conquer this zone. And in the past few days Altcoins are accumulating quite a lot but the price is still decreasing, so we can expect that in the next few days Altcoins will have rapid and strong price increases and it will be very difficult to buy these coins at good price range. Let's continue to accumulate according to our plan
💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
RSR is conquering the $0.04 zone and is moving towards the $0.05 and $0.065 zone this August. However, the volume of RSR is quite low so we need to watch out for the possibility of it falling to the $0.035 zone
📈RED PLAN 🔴Buy : 0.039-0.041$
🔴Buy : 0.034-0.036$. SL if B
📉BLUE PLAN 🔴Sell : 0.0488-0.0512$. SL if A
🔴Sell : 0.0635-0.0665$. SL if A
🟣PURPLE PLAN 🔵Buy : 0.0293-0.0307$. SL if B
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stablecoin platform on Ethereum. The Reserve Protocol comprises a dual token model: the RSR utility token and the RSV stablecoin backed by a basket of assets as collateral.
As the value of the collateral tokens may be volatile, when the marketcap of collateral tokens the platform holds is not sufficient to back up the marketcap of the RSV stablecoin in a 1:1 fashion, the platform will mint more RSR tokens and use them to purchase more collateral assets on secondary markets.
Conversely, when there are excess collateral tokens on the platform, the excess will be used to buy back RSR tokens on secondary markets, which will be subsequently burnt.
Reserve's stability mechanism depends on arbitrage activities by users. For instance, when the price of RSV falls to 0.95:1.00 against the USD, in secondary markets, users can purchase 100 RSV priced at 0.95 USD per token on exchanges, and redeem these tokens on the Reserve platform for collateral tokens worth 100 USD. If the price of 1 RSV goes above 1 USD, users can purchase RSV on the Reserve platform and sell on exchanges for a profit.