Around two weeks ago I made an analysis on ROSE where I discussed the bearish break out from the ascending wedge pattern. I argued that there was more downside ahead and indicated an area of support where I expected either a consolidation or a bullish reversal.
As of yesterday, we've achieved both profit targets. Congratulations if you took the trade.
For now, I think we can expect some sideways price action for a couple of days. At least until Wednesday, since we have the FOMC interest rate decision then.
However, longer-term I'm still bearish. I think that ROSE can easily fall another 50% or so if BTC continues it's path towards $30k.
As of yesterday, we've achieved both profit targets. Congratulations if you took the trade.
For now, I think we can expect some sideways price action for a couple of days. At least until Wednesday, since we have the FOMC interest rate decision then.
However, longer-term I'm still bearish. I think that ROSE can easily fall another 50% or so if BTC continues it's path towards $30k.
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šÆOfficial Channel: t.me/FieryTradingChannel
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.