Rose - Next moves
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Rose has been highly volatile, moving up and down 15% at a time with BTC movements. I was lucky enough to be holding some I purchased long term at the current demand zone when it ran recently. As you can see it tapped and tried to break global trend and wicked up to previous price support at 0.23 on the 4hr.
These will be the two key points to break:
Global trend which is also the top trend of bullflag (break will attracted a lot of investor attention)
Previous Price floor 0.2-0.23 which will be resistance
My indicators show nothing surprising, but all confirm the recent move without bearish divergence
OBV is trending positively, MACD is healthy
RSI is currently very overbought, I will be looking for a possible consolidation in between 0.17-0.2 range before its next move up.
ROSE has been gaining and losing value rapidly with each move, set yourself clear targets and follow your trading plan
It could very easily loss its position and find its way back down toward demand zone at 0.145 or even further to 0.13 and bullflag bottom trend and July demand zone. Trade carefully
These will be the two key points to break:
Global trend which is also the top trend of bullflag (break will attracted a lot of investor attention)
Previous Price floor 0.2-0.23 which will be resistance
My indicators show nothing surprising, but all confirm the recent move without bearish divergence
OBV is trending positively, MACD is healthy
RSI is currently very overbought, I will be looking for a possible consolidation in between 0.17-0.2 range before its next move up.
ROSE has been gaining and losing value rapidly with each move, set yourself clear targets and follow your trading plan
It could very easily loss its position and find its way back down toward demand zone at 0.145 or even further to 0.13 and bullflag bottom trend and July demand zone. Trade carefully
Komen
Rose possible reset on the 50 RSI in the next 8 hours, not unlikely to be another push up by the buyers from around that point. Keep it on your watch list
Penafian
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