With the Bitcoin dump kind of over, ROSE found strong support on the upward sloping trend line. This trend line has been holding since late July.
Every time ROSE has visited this trend line, it held, and eventually caused a huge move up. Assuming that BTC has bottomed, I wouldn't be surprised if we're going to see another strong bullish move in the coming weeks.
For reference, I've copied the November bar pattern and pasted it in yellow. Not saying that the coming weeks will follow this pattern, but it sheds some light on what me might expect.
Happy trading!
Every time ROSE has visited this trend line, it held, and eventually caused a huge move up. Assuming that BTC has bottomed, I wouldn't be surprised if we're going to see another strong bullish move in the coming weeks.
For reference, I've copied the November bar pattern and pasted it in yellow. Not saying that the coming weeks will follow this pattern, but it sheds some light on what me might expect.
Happy trading!
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