ROSE becoming more efficient
As of right now the Trend Probability Indicator is still bullish:
this means that we are still on the lookout for continuations in the trend.
We see a lot of altcoins pumping a lot, a good idea is too understand what levels the coins might retrace to, if you were to miss a pump.
Currently we see that the dominance of alts still have room to grow, so if the trend is still to the upside the next weeks, there is still a lot of potential:
The image above shows the dominance of alts, when it is green, that means that alts are outperforming blue-chip coins like BTC and ETH, when it is red we see that alts underperform
My thoughts on ROSE
As of right now we have just been rejected off a bearish OB, this doesn't mean we go much lower, but I expect a retracement to fill out the imbalance left at 0.07071 (right below the golden zone of the fib)
Then I see us projecting higher to 0.08211 and to 0.08583
I expect ROSE to do well also because it is currently outperforming BTC and ETH!
All the best
- Omar
this means that we are still on the lookout for continuations in the trend.
We see a lot of altcoins pumping a lot, a good idea is too understand what levels the coins might retrace to, if you were to miss a pump.
Currently we see that the dominance of alts still have room to grow, so if the trend is still to the upside the next weeks, there is still a lot of potential:
The image above shows the dominance of alts, when it is green, that means that alts are outperforming blue-chip coins like BTC and ETH, when it is red we see that alts underperform
My thoughts on ROSE
As of right now we have just been rejected off a bearish OB, this doesn't mean we go much lower, but I expect a retracement to fill out the imbalance left at 0.07071 (right below the golden zone of the fib)
Then I see us projecting higher to 0.08211 and to 0.08583
I expect ROSE to do well also because it is currently outperforming BTC and ETH!
All the best
- Omar
Join my community where i share signals and my secret algos:
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.