ROSE/USDT - Symmetric triangle - Big Accumulation
ROSE
Given that the trading chart shows two strong levels, I would prefer to wait a bit and see where the price will go. But if you take into account the fact that the price is trading above the level of 0.618 (it is reaper support), you can take part of the deposit in the long, the rest to buy from the second block of the buyer. (indicated on the trading chart)
Trade wisely, do not overestimate the risks.
The altcoin consolidates in a symmetrical triangle, which is interpreted as an accumulation area before the continuation of the main trend.
The accumulation has been going on for a month now, and based on the narrowing trading range, we can conclude that it is in the final phase of formation.
If the price is fixed above the trend border of the triangle, the first target will be the red block of the seller [0.233-0.251$], where local re-accumulation is possible.
After fixing over the block, we should already expect more serious goals, they will be 1.618 Fibonacci 0.294$ and 2.618 Fibonacci 0.392$.
Cancellation of the setup in case of fixing under $ 0.17. This is possible, in my opinion, only in the case of a bitcoin dump.
Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management.
Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading.
LINK IN BIO
Given that the trading chart shows two strong levels, I would prefer to wait a bit and see where the price will go. But if you take into account the fact that the price is trading above the level of 0.618 (it is reaper support), you can take part of the deposit in the long, the rest to buy from the second block of the buyer. (indicated on the trading chart)
Trade wisely, do not overestimate the risks.
The altcoin consolidates in a symmetrical triangle, which is interpreted as an accumulation area before the continuation of the main trend.
The accumulation has been going on for a month now, and based on the narrowing trading range, we can conclude that it is in the final phase of formation.
If the price is fixed above the trend border of the triangle, the first target will be the red block of the seller [0.233-0.251$], where local re-accumulation is possible.
After fixing over the block, we should already expect more serious goals, they will be 1.618 Fibonacci 0.294$ and 2.618 Fibonacci 0.392$.
Cancellation of the setup in case of fixing under $ 0.17. This is possible, in my opinion, only in the case of a bitcoin dump.
Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management.
Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading.
LINK IN BIO
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