If we look at the Rose behavioral patterns, it looks like a sinusoidal wave in which the amplitude is increasing logarithmically. So, doing simple math, when the next sinusoidal wave starts it has to go up about 2000% 😵 What do you think?
Kommentera
â‹…
something like this might happen
Kommentera
â‹…
Uptrend wave has started
Kommentera
â‹…
So ROSE has been oscillating in a triangular zone. Also, it seems an inverted Head and Shoulders pattern is forming; thus, reversal might be close. Let's see if ROSE can break the Head and Shoulders' neckline or not.
Kommentera
â‹…
ROSE is progressing according to the analysis.
Kommentera
â‹…
Just an update. ROSE is still continuing upward.
Kommentera
â‹…
So, ROSE went up and reached the major horizontal resistance area. Then, correction started. This horizontal resistance area is somewhat wide and ROSE is going to struggle to pass through it, most probably. Let's see what happens.
Hmm, interesting idea and good job with graphs but I believe there will be a bigger or smaller dump of BTC soon, probably a big jump up after the BTC ETF that will trigger a dump which may half the price of many alts before the market settles and the real bull market before the halving starts. ROSE may be one of those alts that the price drops by 50% or more (hopefully just a short loss and the price will recover at least partially).
ROSE may be one of those alts that the price drops by 50% or more (hopefully just a short loss and the price will recover at least partially).