#ROSE HAS NOW MOVED TO ITS NEXT LEVEL OF SUPPORT: WHAT'S NEXT?
Last August 2024 we had this analysis for ROSE:
ROSE is attempting to hold the key level 0.055. If this key level breaks, the next level of support will be at 0.047. This key level will establish new line of support on top of the broken resistance at 0.045-0.047. Once demand arises from the mentioned key levels, we can see strong bullish divergence forming for another continuation of the long-term markup.
September 2024 update:
As ROSE have already moved down the previous support that it attempted to hold at 0.055. We are now looking at the next level of support that held its declining momentum. There are also other key levels that we can see where it will create possible long wicks at 0.4551, 0.04172 & 0.03990. For the points of reversal that we're looking, we can safely assume that the supports mentioned could be made as its reversal points. However, the price with the highest chance of becoming its reversal point would be 0.03816 where the previous major resistance last 2020 was broken. We're also not denying the possible outcome of breaking down these supports (as its neckline) causing further declines.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
