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FieryTrading
Jan 21, 2022 5:13 PM

🔥 ROSE Closing In On Major Reversal Area 

ROSE / TetherUSBinance

Description

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A while ago I made an analysis where I discussed the ascending wedge pattern of ROSE. In that analysis I wrote that I was expecting ROSE to fall, potentially towards the bottom support of the chart pattern.



Since we've seen some massive bearish pressure over the last couple of days, we're actually quite close to the wedge's support area, see the yellow area. There might be more bearish pressure in the short-term, but I'm expecting ROSE to encounter some serious buying pressure in the yellow area. Keep an eye out for a potential reversal.

Happy trading!
Comments
DeepAnxiety
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rose below line now what
UnitedSignals
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Great idea
YMGroup
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good plan for rose bro I'm agree with you now situation 50/50
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