Bullish Momentum Building: #ROSUSDT Targets Supply Zone💎#ROSUSDT has been consolidating within a triangle pattern for the past week, but a recent upside breakout on the hourly chart has sparked bullish momentum. Prior to the breakout, #ROSE found strong support at two key levels, the 78.6% Fibonacci retracement, suggesting a potential pullback to the upside.
💎Considering these factors, the probability now favors a short-term uptrend with a potential price increase of 24%, targeting the supply zone. However, it is important to closely monitor the nearest resistance level, as a successful break above it would serve as a strong confirmation of a changing sentiment towards the bulls.
💎On the downside, if the most recent 78.6% Fibonacci support is breached, we could anticipate a move down towards the $0.05 demand zone. A confirmed break and close below the $0.048 level would further solidify bearish dominance.
ROSEUSDT.PS trade ideas
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ROSEUSDT and strong trend lineHello everyone. Today we will consider ROSEUSDT on the 1day chart. The coin has been following its trend line for six months now. We have already fought off it 3 times and showed an increase of at least 30%. There were few such repulses and now this rare event is happening for the fourth time. Therefore, it would be a good idea to take a long position with a target of 0.08. The only negative is that the stop is large. Therefore, you can take the area of 0.061 when the price rolls back a little.
ROSE/USDT waiting for rejection to happen here! Hey Hey👋
Next coin that caught our attention here is ROSE with a good potential to make that rejection near upper resistance zone. We will be waiting for price to show some weakness here from where on we will be looking for a good entry in a form of support (on smaller frame) which needs to be broken for further movement!
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
W9.1-5 ROSE BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
ROSE - Maintaining Trend This is an update to the post where we pointed out ROSE was at the top of her trend. Please refer to "ROSE - At Key Level in the Trend"
If you go look at that post I pointed out how if ROSE held the top as resistance then ROSE would fall back to her support trendline around $0.06. This is exactly what we have seen play out so far. Rose is being supported on the daily by both her support line and the 0.618 (golden ratio). As long as we continue to hold this ROSE's price will move up back towards the top of the triangle. If we do end up closing a daily candle under ROSE's support trendline then watch for the trendline to start acting as new resistance. If that does occur take shorts below that trendline opposed to longs above it. For right now, Rose's trend remains intact.
ROSE - Loading Up For A Big Move!Here's a quick look at the ROSE 2-day chart.
This is a great setup you don't want to miss if it breaks to the upside! There's a lot of upside potential if we get a break to the upside!
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The idea is: Buy when the price breaks above 0.077$ and take profits at the levels shown in the chart.
Targets:
1. 0.08$
2. 0.087$
3. 0.096$
4. 0.115$
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Recent Altcoin trades:
ARB / USDT: 30% profit
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About our trades:
Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand.
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
ROSEUSDT → Retest and break resistance. Rising to 0.11?ROSEUSDT in the moment formation of the day formed a global reversal set-up, which failed, but formed a strong support base. The price is now breaking resistance and confirming the intent of the market.
After the formation of a strong reversal area, the price from the channel resistance forms a retest of the support area 0.05-0.04, after grabbing the liquidity cryptocurrency makes a retest of the resistance.
The price makes an attempt to break through global trend resistance and begins to form a bullish momentum.
The bulls have a chance to reverse the market.
Strong support: channel boundary, 0.072, 0.0685
Strong resistance: 0.0857.
I expect the continuation of growth after the price fixes above the broken line. My target is 0.1100.
Regards R. Linda!
Luna and longThis is forming higher high n higher low on weekly tf. The downward trendline is still too be taken as support.
Golden cross in 4h tf will wait for high volatility.
There's a lot of development in Terra ecosystem , eris protocol amplifier, alliance ... My targets for this year is 23$ ... Hope fully it gets completed on 7 May ....
ROSE becoming more efficientAs 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
ROSE- At Key Level in the TrendHere we see ROSE could be at a pivot point. We have been forming a symmetrical triangle for a long time now. Most symmetrical triangles do have a more likely probability of a breakout opposed to a breakdown. We are right now testing the key trendline of resistance to see if we can break above. If we cannot the price will most likely pull back to the support of our trendline around $0.06.