ROSE - Weekly at key level again, possible short sell

7 thg 10, 2021

I have been hopeful of Roses bullish trajectory (and not quitting on this possibility yet), but from the weekly we can see that Rose is again at a key level, while consolidating in a similar triangle. Sellers have been strong and BTC dominance rising. If we see this weekly candle close below 0.17 there may be a possible short sell down to 0.12

Indicators are actually healthy, with positive divergence. So this will be conditional on continued BTC dominance and seller strength.

Hang in there ROSE

7 thg 10, 2021

Ghi chú

(Daily would suggest apporx 0.16 is the lower trend. Something to watch)

15 thg 10, 2021

Ghi chú

Rose has held this weekly trend, showing positive price potential for me. It iss possible we read this (like much of the market formation at the moment) as a type of cup and handle. Waiting to see if we test that 2.5 range and a possible break above. or alternatively a price breakdown and ranging trade down to 1.4-1.2, if the 1.7 support is lost