ROSE becoming more efficient

16 Nis 2023

As of right now the Trend Probability Indicator is still bullish:


this means that we are still on the lookout for continuations in the trend.
We see a lot of altcoins pumping a lot, a good idea is too understand what levels the coins might retrace to, if you were to miss a pump.

Currently we see that the dominance of alts still have room to grow, so if the trend is still to the upside the next weeks, there is still a lot of potential:

The image above shows the dominance of alts, when it is green, that means that alts are outperforming blue-chip coins like BTC and ETH, when it is red we see that alts underperform


My thoughts on ROSE
As of right now we have just been rejected off a bearish OB, this doesn't mean we go much lower, but I expect a retracement to fill out the imbalance left at 0.07071 (right below the golden zone of the fib)

Then I see us projecting higher to 0.08211 and to 0.08583


I expect ROSE to do well also because it is currently outperforming BTC and ETH!





All the best
- Omar