ROSEs Are Red.
Updated
BINANCE:ROSEUSDT
I managed to get pre .30 Rose ATH in a discord chat. But I'm this time I'm looking to target on TV.
Daily we are looking very bullish . There's been an ascending trend line which has been majorly respected. Considering the market sentiment right now though I feel - we are destine to see a fairly reasonable retrace to the .33 level.
Daily bullish divergence is also in play - ill update as we progress
When looking at weekly macro structure - Weekly wicks and bodily closures helps gauge price direction. We are still bullish on Weekly structure however, breaking down past weekly support levels, I feel were going to be approaching
the Weekly RSP . (I will attach the charts below)
Lastly I will be breaking down micro structures to refine daily levels. Refinement will help to see how likely we are to achieve particular levels within these deep retracements off the ATH .
I do want to mention also that looking for dips can be dangerous if BTC keeps tumbling. Personally if looking for buys break positions and dollar cost avg in. I did call the current move on BTC . So for now I'm letting price action build more structure
before I carry on to analyse the chart further. hold on to your hats.
As always structure is king and TA is subjective my bias does change.
Last post got taken down fuming because it was called to the pip...
I got the chart so Ill attach it below
I managed to get pre .30 Rose ATH in a discord chat. But I'm this time I'm looking to target on TV.
Daily we are looking very bullish . There's been an ascending trend line which has been majorly respected. Considering the market sentiment right now though I feel - we are destine to see a fairly reasonable retrace to the .33 level.
Daily bullish divergence is also in play - ill update as we progress
When looking at weekly macro structure - Weekly wicks and bodily closures helps gauge price direction. We are still bullish on Weekly structure however, breaking down past weekly support levels, I feel were going to be approaching
the Weekly RSP . (I will attach the charts below)
Lastly I will be breaking down micro structures to refine daily levels. Refinement will help to see how likely we are to achieve particular levels within these deep retracements off the ATH .
I do want to mention also that looking for dips can be dangerous if BTC keeps tumbling. Personally if looking for buys break positions and dollar cost avg in. I did call the current move on BTC . So for now I'm letting price action build more structure
before I carry on to analyse the chart further. hold on to your hats.
As always structure is king and TA is subjective my bias does change.
Last post got taken down fuming because it was called to the pip...
I got the chart so Ill attach it below
Note
So we wicked under the trend line. It seemed to act as I thought and hold true. Since we didn't get a body close under. Therefore it was a fakeout.
Price came into POI 2. On the trend line and retraced with strong signs of Bullish Divergence.
Note
Comment: Line chart on the 4 shows the respected close of the trend line. There is alot of people looking to catch the dip. So this area is value for people.if I was looking to catch buys or rather avg into Oasis. I would be really focused on how structure on the micro frames present them self. Personally the Tweezer top from the rejection off the MAs plus the strong present of demand - shows there's alot of market depth present.
I think there's possibility to see a higher low form. However it really does depend on structure of the market. Wait for price action to paint a picture - wait for them candle stick closures before looking to avg into positions. Although, personally I would be targeting around .30c for buys, if the levels hold true.
Note
Here we see on the line chart the momentum of ROSE is very strong. There is a lot of historical ranges which seems to be holding very bullish. We also have strong signs of divergence and price seems to be breaking above MAs.
However, we still have to keep in mind that we are in a range...
I drew a D fib to measure the retracements what has seemed to still held
with closures being above the 786. So is this a potential bottom for ROSE.
Related publications
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.