ðĨ ROSE Elliot Wave Analysis: New Bullish Impulse
ROSE has been one of the main coins that I've been watching over the last year. A good team with good prospects always deserves some attention.
If we take a look at the chart, we can clearly see that we've had two bullish impulses already for this token. One during the first run-up of BTC, and the last bullish impulse after the summer-21 bear market.
With BTC and the stock markets seeing more bullish price action recently, ROSE is seeing some gains as well. ROSE bounced strongly from the bottom support of the pennant, which might lead to another bullish impulse wave to the top of the pennant. Be aware that this might take like 3 months to develop, but we can see a sweet +400% gain coming to us in that case.
Happy trading!
If we take a look at the chart, we can clearly see that we've had two bullish impulses already for this token. One during the first run-up of BTC, and the last bullish impulse after the summer-21 bear market.
With BTC and the stock markets seeing more bullish price action recently, ROSE is seeing some gains as well. ROSE bounced strongly from the bottom support of the pennant, which might lead to another bullish impulse wave to the top of the pennant. Be aware that this might take like 3 months to develop, but we can see a sweet +400% gain coming to us in that case.
Happy trading!
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