the ROSE asset illustrates a bearish prospect
The price of ROSE has been in favor of buyers earlier. It rose from the demand zone of $0.0400 to the supply level at $0.1800. During its upward movement, ROSE broke through all intermediate resistance levels, including $0.07750 and $0.14450.
However, at the higher resistance level of $0.1800, the battle amongst bulls and bears got intense. Due to the bear's strong existence at the top price level, the bulls ended up losing their ground and started deteriorating on the daily chart.
However, ROSE crypto has demonstrated a descent by following a downward trendline, as the price decreased from a crucial supply price level of around $0.1800 on the chart. if the ROSE of crypto falls more, then this tremendous drop could persist, as it has already reached the resistance level and started to fall on the daily chart.
The ROSE asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline. Also, the price structure is in between major trend 20-day, and 50-day EMA's.
Similarly, the ROSE asset illustrates a bearish prospect as MACD exhibits a bearish crossover and the RSI is decreasing gradually and currently is at 40.97. This forecasts that the ROSE crypto asset is losing traction and can reach new lows after taking another possible decline from a declining trendline.
On observing the overall chart of ROSE crypto asset, it is demonstrating bearish behavior and shows that it has more room to decrease. It has achieved a bad performance in the last week by -7.78%, and month by -21.85% despite being in an uptrend from so long from the last quarter, thus implying a robust downward direction dip possible in the coming days session on the daily chart.
As of now, the current trading price of ROSE is $0.12797, which has seen a slight intraday decline of 0.02%. Based on the current price action, if the price continues to decline and breaks the nearest major support of $0.11750, then its price may dip further. However, if the price gains sudden buying pressure and manages to break the trendline resistance, then it may reach the targets of $0.14100 and $0.18000.
However, at the higher resistance level of $0.1800, the battle amongst bulls and bears got intense. Due to the bear's strong existence at the top price level, the bulls ended up losing their ground and started deteriorating on the daily chart.
However, ROSE crypto has demonstrated a descent by following a downward trendline, as the price decreased from a crucial supply price level of around $0.1800 on the chart. if the ROSE of crypto falls more, then this tremendous drop could persist, as it has already reached the resistance level and started to fall on the daily chart.
The ROSE asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline. Also, the price structure is in between major trend 20-day, and 50-day EMA's.
Similarly, the ROSE asset illustrates a bearish prospect as MACD exhibits a bearish crossover and the RSI is decreasing gradually and currently is at 40.97. This forecasts that the ROSE crypto asset is losing traction and can reach new lows after taking another possible decline from a declining trendline.
On observing the overall chart of ROSE crypto asset, it is demonstrating bearish behavior and shows that it has more room to decrease. It has achieved a bad performance in the last week by -7.78%, and month by -21.85% despite being in an uptrend from so long from the last quarter, thus implying a robust downward direction dip possible in the coming days session on the daily chart.
As of now, the current trading price of ROSE is $0.12797, which has seen a slight intraday decline of 0.02%. Based on the current price action, if the price continues to decline and breaks the nearest major support of $0.11750, then its price may dip further. However, if the price gains sudden buying pressure and manages to break the trendline resistance, then it may reach the targets of $0.14100 and $0.18000.
Penafian
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