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!
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🔥Premium Signals: fierytrading.com
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🎯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
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.