ROSE Price Forms a Falling Channel: The daily chart reveals a declining trend, indicating an ongoing pullback phase for Oasis Network's ROSE price.
Testing Bullish Fortitude at 50D EMA: The ROSE price is nearing a critical test at the 50-day Exponential Moving Average, a pivotal juncture for potential trend reversal.
Potential Dip to $0.105: The current trend suggests ROSE might reach the support trendline, offering an attractive buying zone around $0.105.
Bear Cycle in Play: Despite a bearish short-term outlook, the volume indicators imply a limited supply, suggesting a possible trend reversal.
Sustained Positive Trend: Oasis Network has maintained a positive trajectory over recent months, reinforcing expectations of a bullish reversal.
From October Uptrend to Current Pullback: Since October 2023, ROSE experienced a significant rally, climbing 246%, followed by the current correction phase.
Evening Star at Overhead Trendline: A bearish pattern signals the possibility of a short-term price drop within the falling channel.
Testing Crucial Support Levels: ROSE is set to test the convergence of the 50-day EMA and a key support trendline.
Current Price Movement: Trading at $0.11563, ROSE shows a slight dip, aligning with the broader bearish pattern.
Technical Indicators Point to a Reversal: The MACD and EMA indicators are aligning for a potential reversal, making the current dip a potential entry point for investors.
30% Upside on Successful Reversal: If ROSE breaks the channel upwards, it could revisit its recent peak at $0.1394, indicating a 30% potential upside.
Downside Risk to $0.10: A breakdown could see ROSE testing the $0.10 support level.
Testing Bullish Fortitude at 50D EMA: The ROSE price is nearing a critical test at the 50-day Exponential Moving Average, a pivotal juncture for potential trend reversal.
Potential Dip to $0.105: The current trend suggests ROSE might reach the support trendline, offering an attractive buying zone around $0.105.
Bear Cycle in Play: Despite a bearish short-term outlook, the volume indicators imply a limited supply, suggesting a possible trend reversal.
Sustained Positive Trend: Oasis Network has maintained a positive trajectory over recent months, reinforcing expectations of a bullish reversal.
From October Uptrend to Current Pullback: Since October 2023, ROSE experienced a significant rally, climbing 246%, followed by the current correction phase.
Evening Star at Overhead Trendline: A bearish pattern signals the possibility of a short-term price drop within the falling channel.
Testing Crucial Support Levels: ROSE is set to test the convergence of the 50-day EMA and a key support trendline.
Current Price Movement: Trading at $0.11563, ROSE shows a slight dip, aligning with the broader bearish pattern.
Technical Indicators Point to a Reversal: The MACD and EMA indicators are aligning for a potential reversal, making the current dip a potential entry point for investors.
30% Upside on Successful Reversal: If ROSE breaks the channel upwards, it could revisit its recent peak at $0.1394, indicating a 30% potential upside.
Downside Risk to $0.10: A breakdown could see ROSE testing the $0.10 support level.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.