🔥 ROSE Reversal Area
Since earlier this summer, ROSE has been trading in this ascending wedge pattern. In my last ROSE analysis, ROSE was trading at the top of the pattern, which ended up in a bearish move.
During the dump, ROSE failed to break through the support of the wedge, which could indicate a reversal in the short term. I'm waiting for a strong green candle to mark the bottom, ideally a BTC above 50k as well. Be aware that a bearish break out could lead to term bear trend for ROSE.
Target would be the top resistance of the wedge.
Happy trading!
During the dump, ROSE failed to break through the support of the wedge, which could indicate a reversal in the short term. I'm waiting for a strong green candle to mark the bottom, ideally a BTC above 50k as well. Be aware that a bearish break out could lead to term bear trend for ROSE.
Target would be the top resistance of the wedge.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.