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ROSEUSDT trade ideas
ROSE - Cup and Handle
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ROSEUSDT - Daily
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Pattern: We have the cup and handle pattern.
Which is well completed.
The price has broken the trend.
And it will give us a very good opportunity to invest, in a pullback.
But perhaps the price will continue to move without any pullback.
Analysis request: Oasis Network (ROSE) with great OBV break-outOasis Network (ROSE) had a great OBV break-out after price corrected to the FIB golden pocket (yellow box in price chart).
But since the price is at the RSI resistance and a bearish divergence shows up in the RSI it is now maybe not the best time to buy, even when ROSE broke the RSI resistance 3 times before.
A re-test of the OBV support-line would be a better (re)-entry in this asset.
It was a pleasure for me to analyse ROSE after requested in a comment ;-) makes fun
So drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*no financial advice
do your own research before investing
ROSE - 260+ Day formation Breakout possible, buy the retestRose is currently breaking above the major resistance of this 260+ day cup and handle formation, if it can close the daily above this level I expect a lot of upside, looking for a target of 0.7ish. If it can hold above this level I will be loading up for the price discovery
see details in related idea
Made some beautiful gains over the past 3 days which I have followed closely
🔥 ROSE Facing Massive Resistance: Dump Or Break Out?A little while ago I made an an analysis on ROSE's bull-flag break out, which was a great success.
In the meantime, ROSE announced that they're going to use META's platform, which launched the price up and the token doubled in price in a couple of days.
As of now, ROSE is facing very strong resistance around the trend line which connects the two last tops. Chances are that ROSE will reverse from here and move back towards the lower support of the rising wedge. However, a bullish break out is likely, assuming that BTC sentiment will get better. The first option is more likely imo.
Happy trading!
Oasis Network Breakout OpportunityThis crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further.
It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised.
A good point of entry would be around 0.32 USDT, which is the point of retest in Fibonacci levels and previously higher trendline.
Risk Reward Ratio - 2:1
SL placed below major support and below trendline.