Technical analysis by SaeedSalehinia about Symbol RSR: Buy recommendation (12/3/2024)

Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve protocol: over-collateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing and voting on changes to their configuration.Anyway, the RSR chart is simple: an upward phase followed by a deep correction phase. The correction unfolded in a descending triangle. Then, RSR broke the downtrend line and went up, made a minor correction, and continued the upward wave. It seems RSR is aiming to reach the ATH or even go higher. Let's see what happens.