Rose - Key levels, waiting for global trend breakRose has broken local trend and is fast approaching intersection of two key levels, strong resistance but will gain if broken. Wait for confirmation
**Caution with BTC
Roseusdtlong
Rose - Next moves Rose has been highly volatile, moving up and down 15% at a time with BTC movements. I was lucky enough to be holding some I purchased long term at the current demand zone when it ran recently. As you can see it tapped and tried to break global trend and wicked up to previous price support at 0.23 on the 4hr.
These will be the two key points to break:
Global trend which is also the top trend of bullflag (break will attracted a lot of investor attention)
Previous Price floor 0.2-0.23 which will be resistance
My indicators show nothing surprising, but all confirm the recent move without bearish divergence
OBV is trending positively, MACD is healthy
RSI is currently very overbought, I will be looking for a possible consolidation in between 0.17-0.2 range before its next move up.
ROSE has been gaining and losing value rapidly with each move, set yourself clear targets and follow your trading plan
It could very easily loss its position and find its way back down toward demand zone at 0.145 or even further to 0.13 and bullflag bottom trend and July demand zone. Trade carefully
Long on ROSE, strong fundamentals & TAlooking to buy after the retracement to continue upside movement, technology behind it is very good, similar to Polkadot, Squeeze showing a clear buy and volume coming in again.
Make sure to follow me to keep tracking this coin.
ROSEUSDT - New ATH + Resistance Breakout!!ROSEUSDT(1D Chart) Technical analysis
ROSE/USDT(1D Chart) Currently trading at $0.264
Buy level : Above $0.255
Stop loss: Below $0.165
TP1: $0.390
TP2: $0.568
TP3: $0.843
Max Leverage 2x / Buy it on Spot market
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Took some profits for ROSE 🌹 but accumulate more!We saw a 3X gain for our rose position since we entered, we took some off the table at the top and would be looking to accumulate as price continues to move down.
BULL CASE
We could see a fake out to 0.20 shake overleveraged plays before more upside.
BEAR CASE
This pair could play out like CELO and dump all the way to 0.12. Regardless we will buy more of it as it goes down.
Rose 🌹⚡🚀💥 $ROSE #ROSERose broke its downward trend and also hit the pullback. It is now ready to move towards its higher goals. Its resistances and goals are plotted in the Chart.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
