Reserve Rights (Huobi: RSRUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, RSR began a wave one advance on May 22. The red wave one finished on May 24, and the red wave two (blue sub-waves a-b-c) correction ended on October 24. If this wave count is correct, RSR should be heading next towards the May peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Reserve protocol comprises two tokens: the Reserve token (RSV - a decentralized stablecoin) and the Reserve Rights token (RSR - a cryptocurrency used to facilitate the stability of the Reserve token and confers the cryptographic right to purchase excess Reserve tokens as the network grows). You can watch their intro video below.
(Sources: https://reserve.org/)How Will Reserve Rights Trade?
Reserve Rights (Huobi: RSRUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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