ROSEUSDT in the moment formation of the day formed a global reversal set-up, which failed, but formed a strong support base. The price is now breaking resistance and confirming the intent of the market.
After the formation of a strong reversal area, the price from the channel resistance forms a retest of the support area 0.05-0.04, after grabbing the liquidity cryptocurrency makes a retest of the resistance. The price makes an attempt to break through global trend resistance and begins to form a bullish momentum. The bulls have a chance to reverse the market.
Strong support: channel boundary, 0.072, 0.0685 Strong resistance: 0.0857. I expect the continuation of growth after the price fixes above the broken line. My target is 0.1100.
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.