jamoooo

ROSE - Weekly at key level again, possible short sell

Short
jamoooo Updated   
BINANCE:ROSEUSDT   ROSE / TetherUS
I have been hopeful of Roses bullish trajectory (and not quitting on this possibility yet), but from the weekly we can see that Rose is again at a key level, while consolidating in a similar triangle. Sellers have been strong and BTC dominance rising. If we see this weekly candle close below 0.17 there may be a possible short sell down to 0.12

Indicators are actually healthy, with positive divergence. So this will be conditional on continued BTC dominance and seller strength.

Hang in there ROSE
Comment:
(Daily would suggest apporx 0.16 is the lower trend. Something to watch)
Comment:
Rose has held this weekly trend, showing positive price potential for me. It iss possible we read this (like much of the market formation at the moment) as a type of cup and handle. Waiting to see if we test that 2.5 range and a possible break above. or alternatively a price breakdown and ranging trade down to 1.4-1.2, if the 1.7 support is lost

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