RookUSD, are buyers starting to reconfirm the demand area? Hello, Trading View community and our follower. Thanks for taking the time to read our latest analysis. After days of heavy selling, crypto markets have started to see signs of demand today, with most of the top 25 coins moving into the positive after being hammered within 24 hours ago. Today, things continued to look dire as coins continued to touch new monthly lows.
KeeperDAO (RookUSD) continues to fight back from the 71.40 -76.80 area. This area has been showing demand and support for buyers since January. Sellers till this point haven’t been able to break through, pushing the downtrend to that next level lower.
Buyers have rejected five attempts at beating the level. But they haven’t been able to get a new trend going as resistance at 142.20 has continued to halt their runs.
Looking at the picture now, there are two obvious outcomes. 1, we see the demand area hold, and we see a new push higher from buyers. If buyers can reach that level again, the test will be at 142.20 resistance. 2, overall pressure returns to the crypto boards, and selling returns pushing price back into the demand area and possibly through it confirming a weekly continuation.
Good trading
ROOKUSDT
rook looking goodaccumalating rook down here
could see a big move soon if we can break the down trend
Rook 1H ShortSetup: Rook is respecting the 50 EMA. So the plan is to wait for price to bounce off the 50 EMA and have a price rejection candle, that is when we go short. We also wait for MACD to cross down. When these 2 conditions occur, this is when we enter the trade.
Entry: Price rejection candle off the 50 EMA and MACD crosses down
SL: 1 ATR above 50 EMA
TP: 114.3( Daily support)
Keep an eye on ROOKKeep an eye on ROOK. Decision point - look like cup and handle(ish). Currently at diagonal and horizontal resistance and it is almost exactly 2 x from the bottom so it is not buy now.
I believe NFT profits will rotate back to DEFI at some point and ROOK is one to watch.
ROOKUSDfalling wedge back to listing price zone
theres a week bullish divergence on the macd from late febuary till now
and a stronger short term bullish divergence building on the RSI
but the market is weak rn so i cant see a big move happening for a little bit
sub 200$ entry would be good
still dont fully understand keeperdao tbh
