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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🎯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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.