ROSE Technical Analysis in a 3-Day Timeframe

22 Ogo

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

ROSE has been in a bearish trend since March 2024. The price has nearly reached the support range between $0.04305 and $0.05452.

With the current price of $0.06, ROSE will likely test the 21 EMA resistance. A rejection could pull the price toward the support range, followed by a strong rebound.

The RSI is in the oversold range, and a bullish rally can be expected if the market favors the bulls.

Key levels:

- Support/Accumulation: $0.04305 to $0.05452.
- Primary Resistance: 21 EMA.
- Long-term Target: $0.23.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE