RSR has successfully conquered the $0.03 zone and is heading towards the $0.036, $0.042 or even $0.065 zone in August. However, if it loses the $0.03 zone, it will correct to the $0.025 zone and if hit If you lose this area, RSR will fall sharply to the area of $ 0.015

📈RED PLAN
🔴Buy : 0.0293-0.0307$. SL if B
📉BLUE PLAN
🔴Sell : 0.035-0.037$. SL if A 🔴Sell : 0.041-0.043$. SL if A 🔴Sell : 0.0585-0.0615$. SL if A
🟣PURPLE PLAN
🔵Sell : 0.0293-0.0307$ if B. SL if A 🔵Buy : 0.0244-0.0256$ if A. SL if B 🔵Sell : 0.0244-0.0256$ if B. SL if A 🔵Buy : 0.0145-0.0155$. 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.