🔥 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!
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!
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Feragatname
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