ROSEUSDT 1WROSE ~ 1W Analysis
#ROSE This is the lowest support for now. Buy from here if you still have a Conviction on this coin with a minimum target of 20%+.
Roseusdlong
ROSEUSDTROSE ~ 1W ✅
#ROSE Make purchases gradually after breaking through the resistance line of this descending pattern.
ROSEUSDTROSE ~ 1W ✅
#ROSE If you are given a second chance and the price reaches this demand zone,. you don't hesitate to buy it. this is a very good bottom price.
ROSE LONG POTENTIALWe just finished ABC correction of Elliot wave, and we are looking for a retracement to a 50% fib zone.
Indicators:
AROON: Is showing bullish momentum (Orange line crossed blue one)
Bollinger bands: We bounced off of a bottom band
Entry: 0.257
Invalidation: 0.213
Target: 0.382
I am stocking up on ROSEUSDT, here's why.We have identified a strong ABCD pattern on BINANCE:ROSEUSDT , indicating a bullish trend in the short-term. However, I wouldn't rely on this pattern alone.
The stochastic RSI suggests that we are currently oversold, which checks out because we are indeed testing the support line in the middle of our current uptrend.
Additionally, the MACD tells us that bullish momentum is still standing strong. This in combination with the stochastic RSI being oversold tells me that we might see a run to the upside very soon, which would confirm the ABCD pattern.
What are your thoughts?
