WHAT COMES NEXT FOR $ROSE NOW THAT IT HAS GO TO THE NEXT LEVEL OF SUPPORT?
We conducted this analysis for ROSE in November of 2024:
The goal of ROSE is to maintain the critical threshold of 0.055. The next level of support will be at 0.047 if this crucial level is broken. The broken barrier at 0.045-0.047 will be followed by a new line of support at this critical level. Strong bullish divergence is emerging for another continuation of the long-term uptrend once demand emerges from the key levels mentioned.
Updated in December 2024:
The prior support that ROSE tried to hold at 0.055 has already been pulled down. The following level of support that maintained its waning momentum is what we are currently examining. We can also observe more critical levels like 0.4551, 0.04172, and 0.03990 where it may form potential lengthy wicks. We may fairly presume that the supports listed could be used as the reversal points for the points of reversal we are looking for. However, 0.03816, where the previous big resistance was broken in 2020, has the best possibility of becoming the price's reversal point. Furthermore, we do not rule out the possibility that further drops could result from the breakdown of key supports (such as its neckline).
Stay wise, trade cautiously.