ROSEUSD trade ideas
ROSE D Update
After reaching a potential black wave C with bullish RSI divergence, we have completed the first leg to the upside (black 1-2).
The strong rise in the last few days is labeled as blue 1... I'll keep a watch on pullbacks (blue 2) for buying opportunities.
Rose macro reversalRose, after a 3 month correction and recent BTC weakness has printed another god candle through multiple weekly EMAs. This trend is likely to continue with an area of high interest at my short-term target of .138. I expect this very soon on this level of pivot. The stochastic RSI is starting to point upward which means momentum on the longer-term time frame is just getting started. I was able to add a new weekly demand zone on that previous red candle adding the base of this new candles bottom to draw it. There is a ton of resistance around 18 cents after this.
Oasis Network $ROSE ready for takeoff 🚀BCBA:ROSE has flipped its 2021 weekly breaker and is ready to ride both the AI and RWA narratives.
First target is the monthly level around 32 cents, then range high at 60 cents.
Market cap is currently below $1 billion so a 10x is within reason.
ROSE in CorrectionROSE finished the black 5-wave cycle and we're now correcting the move up from the beginning of the year.
I'm considering we're still in black wave A, and expect choppiness in the short term until the correction is completed.
The 0.09 - 0.11 zone (yellow box) seems like a good target for the pullback, but let's see what price action tells us first.
Rose hit target, will correctRose hit my short-term target as altcoins look to be correcting here. I expect a large pullback here. Back to trend or at least that previous fib.
15-16 cents
Rose claiming new fibsRose has very strong momentum alongside the altcoin markets. The stalling candle we saw with the longer wicks than body is indicative of a reset. If Rose can base on this fib, a grasp for the golden momentum fib is very possible soon. I marked an area of price history that has two weeks of resistance on the dashed green.
-21 cents in a few weeks seems reasonable
-we do need a major pullback in the market at some point be cautious if you haven't been in positions for a while
-As long as OBV is maintained strongly above this trend the price will rise or consolidate
Update on roseAn update on my long-term cup and handle on Rose. My timer I drew is looking to expire soon and this is where I predicted the handle would finish and blast off would occur. This looks to be playing out beautifully, I will reduce my position at 20 cents and keep the rest staked long-term for this cycle.
Closeup on Rose cup and handleThis is a closeup chart on the Rose cup and handle I have been tracking for a long time. With alts finally really heating up a channel is formed on the token. If this momentum remains I expect the token to ride right to the 15 cent price target short-term. Medium term, the golden fib attempt around 22 cents. I have held and staked Rose for a long-time.
ROSE Clear EW CountWaves still behaving according to my longer term count.
As long as we stay above the purple line (wave 1 high), we can expect a wave 5 hitting at least 0.15.
A break of the purple line will lead to a new analysis/count.
Rose cupRose cup and handle on the weekly is forming beautifully, if we get that BTC dead cat bounce this will form the rest of the handle before liftoff. This is a longer-term chart here, I am net long but for 2024. 4-5 weeks time for the formation to play out.
A Dip to $0.10 Signals Buying Opportunity in ROSE 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.
ROSE/USDTA wise BCBA:ROSE is a nice chart that in the short term can easily do a 5x imo
you can set alert on the white diagonal line and enter on the retest!
enjoy!
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Using the DPPM-Oscillator with modified settings we find 3 past Entry signals⬜️for ROSE👀
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+174% gains
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-21% loss
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Trades to close when switching from 🟩to🟥
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Rose huge cup and handleRose is a project I started DCAing at the peak of the last bull run. I did heavily average down on the play, I am still at a net loss but this token has recovered substantially. Between staking and this momentum I think this investment will play out nicely next year. Hopefully we get a little cool off to finish the handle formation. Rose approaches a pretty substantial resistance as the first dashed green price target. A more bullish target is pointed out above. This rally is just getting started as the green fib hasnt even been taken, I drew the fibs from the swing high in Feb 22.
ROSE/USD - Where to next?Target aligns with .786 fib and price around 10 cents. Consider taking profits around this level
Massive flag and pole pattern on ROSE! Classic flag and pole pattern on ROSE. Wait for breakouts and support retests for entries. With Bitcoin gaining momentum this pattern might prove to be very profitable.
$ROSEdebating how far this will run
nice legs on those last 3 daily candles
should get sent to 12ish from here imho
7.3ish flip is where things get fun
higher lows being made so till then let it run
ROSE Impulsive Wave Count
The buying point I mentioned in my September post brough over 100% return in two months.
The impulsive wave seems to be in its final stages, with a valid 5 wave count and RSI divergence present.
I expect a correction soon, initially targeting 0.065 support.
ROSE Token: Looks Like Crazy Pump Is Around the Corner?This is my opinion and analysis on BINANCE:ROSEUSDT , since the historical support is still intact, and it has been holding nicely for the second time since 2020.
It appears like a reversal is imminent from this level.
We will look out for breakout of descending triangle on HTF, and we will use fibo levels for confirmation and taking profits.
What are your thoughts about this analysis? Share it with me in the comment box.
If this analysis makes sense to you, follow me now and support my idea.
Cheers!
ROSE - Worth a Shot
In early 2023, ROSE price action token has shown signs of a corrective pattern, following an ABC structure. In this scenario, it's plausible that wave C, the final phase of this corrective movement, is nearing its completion.
If the historical low point around 0.0333 maintains its position, we have a potential trade with huge risk-to-reward ratio.
With this in mind, my approach is to place a smaller order around 0.037 and watch how the price reacts. The relatively minor impact of a stop loss in this context is in line with my risk tolerance.
