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🔥 ROSE Facing Massive Resistance: Dump Or Break Out?A little while ago I made an an analysis on ROSE's bull-flag break out, which was a great success. In the meantime, ROSE announced that they're going to use META's platform, which launched the price up and the token doubled in price in a couple of days. As of now, ROSE is facing very strong resistance around the trend line which connects the two last tops. Chances are that ROSE will reverse from here and move back towards the lower support of the rising wedge. However, a bullish break out is likely, assuming that BTC sentiment will get better. The first option is more likely imo. Happy trading!
by FieryTrading
5
Meta, 22 Nov. Will the Head & Shoulders Work Out?FB printed a large inverted H&S pattern and consolidates at the neckline. However, price is currently in the 50-61% reversal zone so that we need to observe positions carefully. Elliott: We can count a wave (i) and wave (ii) in blue, which retraced precisely 50%. Now we count the unfolding wave (iii) on a smaller degree (green waves). Geometry: Price reacts nicely to the current pitchfork. A breakout above the upper boundary (blue dashed line) confirms that we are indeed in a wave (iii), because it would also catapult price above the .618 retracement fib. This is important. Gann: Support: 340, 312 Resistance: 370 How I trade it: The idea is to trade the inverted H&S pattern with an entry above the Gann level (341). The target of the pattern is 383. The 355 level (.618 retracement of the previous wave down) is critical because price could drop from here. In that case we are able to close at breakeven and invert the trade.
NASDAQ:METALong
by UnknownUnicorn12250317
What will MANA do this weekend?In this video we take a look at where MANA will find support as it is falling from the top of the trend channel at $4.36. Previously in my last video where I did a complete breakdown of MANA's current trend and breakout. We identified a clear doji star on Nov 11th, h&s breakout pattern, and retest of the neckline at the $3.50 level. My prediction: I believe MANA will catch support at either the neckline level just above $3.50 OR continue falling to the bottom of the channel between $3 - $3.30. Like, subscribe, and comment your thoughts! Thank you so much for watching. Cheers!
COINBASE:MANAUSDLong
by DeFiDeshaun
3
🔥 MANA Bullish Channel: Shot At New All-Time HighMANA has seen a tremendous move after META announced a big focus on the Metaverse. After hitting the top around $4.95, META has seen a few weeks period of consolidation. However, since a week or so MANA is seeing new bullish impulses and has been trading in a bullish channel. Currently, MANA is trading near the lower bound of the channel, so there's a decent probability that MANA will bounce and continue going up. In this case, I'm expecting MANA to reach the current ATH again, potentially moving past $5. Happy trading!
Long
by FieryTrading
17