Challenger n°2: $ROSE

Project: @OasisProtocol

I'm bullish currently 📈

📌Weekly view = bearish 📉

📌The daily view is forming a local bottom and the price is moving into an oversell area.

(bull div RSI daily📈)

⚡️In my opnion, the price is moving into this kind of falling wedge (HTF).

Mid term scenario📉:

We might see a dump toward the 0.03400 - 0.03500$ zone corresponding to the double bottom daily (HTF) & the lower trend of the wedge.

Short term TF scenario📈:

The current price is neutral (H4 - H1 view) & facing many resistances.

Regarding the weekly view and the bull div RSI, we should see a retest of the 0.4600 - 0.4500$ zone which correspond to the flat tenkan (weekly retest)

Local buy zone; 0.03800 - 0.03850$ (for short term scenario - SWING) 📈

⚡️Key supports:

0.03800 - 0.03750$

0.03500 - 0.0340$ area

⚡️Key resistances;

0.04080 $

0.04300$ area

0.0450- 0.04600$ area

Invalidation for the bearish scenario (mid term): If daily close above 0.04600$

#crypto2023 #dyor #rose #crypto #bitcoin