๐ Quick technical analysis for the $ROSE
ROSE/BUSDT pair on the 4-hour chart ๐
We notice that ROSE is experiencing a very strong bullish momentum after it rose by more than 3%, trading around the 0.00619 USDT level. The price is currently holding steadily above the main moving averages (EMA 7, 100, 200), confirming that buyers are in control. However, the Relative Strength Index (RSI) is in an overbought zone near 80 (specifically 79.84), which suggests we may see some volatility or a minor pullback before the move continues.
Here are the expected scenarios for the next price action:
๐ข 1. Bullish scenario (continuation of the positive trend):
Condition: Holding above the quick moving-average support at 0.00604 USDT.
Target: Retest the previous high at 0.00720 USDT. If it breaks that level and a strong candle closes above it, we will open the door to new levels targeting 0.00750 USDT, then 0.00800 USDT.
๐ด 2. Bearish scenario (correction and profit-taking):
Condition: Breaking the 0.00604 USDT level and closing below it.
Target: The price may move to ease the overbought pressure and retest strong support zones between 0.00589 - 0.00580 USDT (which correspond to the EMA 100 and 200 regions). These are excellent rebound areas, and losing them could extend the downside toward 0.00539 USDT.
#GoldFalls3.24%ThisWeek #GoldFalls3.24%ThisWeek
ROSE/BUSDT pair on the 4-hour chart ๐
We notice that ROSE is experiencing a very strong bullish momentum after it rose by more than 3%, trading around the 0.00619 USDT level. The price is currently holding steadily above the main moving averages (EMA 7, 100, 200), confirming that buyers are in control. However, the Relative Strength Index (RSI) is in an overbought zone near 80 (specifically 79.84), which suggests we may see some volatility or a minor pullback before the move continues.
Here are the expected scenarios for the next price action:
๐ข 1. Bullish scenario (continuation of the positive trend):
Condition: Holding above the quick moving-average support at 0.00604 USDT.
Target: Retest the previous high at 0.00720 USDT. If it breaks that level and a strong candle closes above it, we will open the door to new levels targeting 0.00750 USDT, then 0.00800 USDT.
๐ด 2. Bearish scenario (correction and profit-taking):
Condition: Breaking the 0.00604 USDT level and closing below it.
Target: The price may move to ease the overbought pressure and retest strong support zones between 0.00589 - 0.00580 USDT (which correspond to the EMA 100 and 200 regions). These are excellent rebound areas, and losing them could extend the downside toward 0.00539 USDT.
#GoldFalls3.24%ThisWeek #GoldFalls3.24%ThisWeek
