ROSE failed to break out of it's previous Cup & Handle pattern formation, and is now continuing to draw a bullish pennant / bull flag. It is currently trading at the lower end of the pennant, so breakout looks uncertain, but most likely it will continue to the end of the pennant before breaking up.Overall,
ROSE looks bullish. It is holding the 0.382 FIB level, as well as keeping its previous ATH of $0.36 as support. This may be an excellent long position as ROSE is posed to hit the technical price target for the bull flag at $0.70.Currently
ROSE's toughest resistance is at $0.42 and will need a confirmed break before uptrend resumes, such as a daily candle close above this level or an increase in volume.
3d art director and crypto hodler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
3d art director and crypto hodler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.