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ROSE mcap red flag
With ROSE trading lower along with its token release schedule, the ROSE market cap chart has proved to be a very good indicator for TP and demand zones. Over the bear market the ROSE market cap chart has developed into a very clear descending triangle. I have been day trading ROSE throughout this bear market and today's daily close saw the first break below the triangle base. Which to me is a bad sign
Currently looking to sell rallies back toward the 220M mcap ~0.03866 ROSEUSD
If ROSE regains that 220M mcap level will be bullish, until then I am bearish, despite the already very low price
The tv ROSE market cap chart doesn't show the full timeline, so linked is another chart with a clearer overview
https://charts.cointrader.pro/snapshot/1MPqm
charts.cointrader.pro/snapshot/1MPqm]https://charts.cointrader.pro/snapshot/1MPqm
Potential targets on USD pair marked here:
Currently looking to sell rallies back toward the 220M mcap ~0.03866 ROSEUSD
If ROSE regains that 220M mcap level will be bullish, until then I am bearish, despite the already very low price
The tv ROSE market cap chart doesn't show the full timeline, so linked is another chart with a clearer overview
https://charts.cointrader.pro/snapshot/1MPqm
charts.cointrader.pro/snapshot/1MPqm]https://charts.cointrader.pro/snapshot/1MPqm
Potential targets on USD pair marked here:
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.