ROSE Technical Analysis: Is The Fall By 60% Real?

Stopping the ROSE cryptocurrency price in the range of $0.21-$0.3 begins to create threats, intrigue and excitement. This is how the ROSE price has been moving within the trend growth channel since January 2022. And it doesn’t just move, it bounces off its trend lines. Starting from September 2021, the middle line of the trend channel is working well, from which the ROSE price is constantly jumping. However, after a weak attempt to increase buyers on 14 March, the probability of a breakdown of the middle line of the downward trend channel and the beginning of a total decline in the ROSE market increased. In the weekly timeframe, we see the unwillingness of buyers to continue to grow from the $0.214 range. Low trading volumes without ambitious weekly candles clearly emphasize this. Therefore, the best scenario for buyers at the moment is to continue the consolidation in the range of $0.214-$0.31. Loss of control by buyers over the $0.214 mark will mean the collapse of the cryptocurrency and the probable fall wave by 60%. Therefore, after fixing the ROSE price below $0.214, we do not recommend keeping investments in this cryptocurrency. Technical Analysis Of ROSE On The Daily Timeframe https://www.tradingview.com/x/7G2FaKgM/ Analyzing the movement of the ROSE price on the daily timeframe, we can conclude that the fall wave from 5 April is incomplete. After a strong daily impulse on 6 April, sellers changed tactics and continued ...