ROSE has been one of the major gainers of the last couple of weeks. Ever since ROSE hit the macro bullish resistance line, we've been trading slightly bearish.
This is normal for assets which have pumped hard recently.
In my view, ROSE is still looking bullish. The bearish channel will likely end up being a bull-flag, so wait for the top resistance to break.
Do we have to wait for the break to open an order?
TheSignalyst
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I personally like Rose and I am looking for a similar analysis
HAMED_AZ
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Nice one 👍
caglaryrt
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+1
Solldy
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What a great idea! The design is also on top, all the necessary information is very well displayed. Thanks for the technical analysis of the asset)
hutteto
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I agree with your analysis. Thank you for providing. Weirdly I just sold ROSE moments before I got your alert(I follow you). I still have bullish bias on ROSE, but I sold cause it was t looking good immediately as we begin our BTC decent…. I am out most of my positions at the moment until we show a breakdown I’ve been waiting on…
Still waiting for a bull flag with todays climate ?
FieryTrading
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@caglaryrt, No. I mentioned in the text that a bull flag was likely (thus not guaranteed). So I waited for a bullish break out. In the end, the bullish break out never came, so no entry has been made.
caglaryrt
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Expecting rose to be more than 1USD hopefully in a couple of months of time