This is one of those altcoins that bounced nicely following bitcoin's flash-crash.
It tapped the demand zone at 2500 and shot through a prior consolidation level, capped at 3500.
To confirm a bullish case, RSR would need to reclaim 4320.
If it starts closing above this level on the daily, pay attention.
Ideally I would want to see it break through and retest it, but these set-ups don't always give that opportunity.
Additionally, the 3500 level needs to hold. A clean break below would signal a retrace to 2500.
Obviously, much depends on bitcoin price action, so be careful.
It tapped the demand zone at 2500 and shot through a prior consolidation level, capped at 3500.
To confirm a bullish case, RSR would need to reclaim 4320.
If it starts closing above this level on the daily, pay attention.
Ideally I would want to see it break through and retest it, but these set-ups don't always give that opportunity.
Additionally, the 3500 level needs to hold. A clean break below would signal a retrace to 2500.
Obviously, much depends on bitcoin price action, so be careful.