For those watching ROSE, look for a bounce at 0.27 (previously marked area of interest, and 0.68 fib retrace) for a possible continuation to the upside with a break of this falling wedge formation. May be the opportunity to reload before it attempts another move up
Break to the low side will see a move toward 0.21-0.22 trend support
Detail about ROSES levels and movements in related idea
Break to the low side will see a move toward 0.21-0.22 trend support
Detail about ROSES levels and movements in related idea
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Trade is active, 20% jump from the reversal point. Looks like a confirmed breakout :) watch for the deep retestNote
Just below 0.36, not a bad time to lock in some profit if you haven't already. +30% so far
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If we can hold above 0.32 bullish wave will continue.
Alternatively we dump and retest the price floor from which it launched and after that the 0.27 - I'll be looking for a sharp bounce off the price floor if it dumps
Hoping we just hold 0.32 and continue up though
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With BTC little dip, new wedge in formation. See what happens, sellers getting active
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Rose attempting breakout right now. We break this neckline we go up to major resistance
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ROSE trading plan, for upside and downside movements:
I'm really impressed ROSE has so far held the 0.3 support zone, I have trades active and my stop losses are nestled in under both that support zone and the possible dynamic support forming as marked on the chart.
If we break up: we can see a global trend has now formed for this structure. ROSE will need to break that trend and the 0.32 resistance for the buyers to gain the upper hand. I will be taking profits at the 0.35-0.36 neckline and reloading if we pierce through that zone of the 4H retest. There is as the possibility of a descending channel resistance, but I think the trend and neckline are the primary points to watch.
If we break down: If we break to the down side, I will be watching for a bounce first at the revisit to the 0.27, but the 0.23-0.21 is the optimal buy zone as this is the confluence of a high value area at 0.23 and the dynamic support ROSE has been active for the past couple of months. This is the zone I will be looking to really load up. Happy trading
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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.