Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-04-25 10:25:12

ROSE Technical Analysis: Will Bears Retake $0.20 Level?

ROSE coin price shows the $0.22 support zone cracking under intense selling pressure after multiple bearish strikes. Will the downtrend halt at $0.16? Key technical points: ROSE prices crack below the $0.22 mark. The death cross gains a bearish spread. The 24-hour trading volume of Oasis Network is $132 Million, marking a 45% rise. Past Performance of ROSE ROSE price action shows a falling channel pattern after creeping under the 50 and 200-day EMA, accounting for a downfall of 23% last fortnight. Moreover, the recent fall of 6.74% forms a bearish engulfing candle to break below the crucial support zone close to $0.22. Source-Tradingview ROSE Technical Analysis ROSE prices continue the downtrend under the $0.22 support zone and threaten a freefall below the $0.20 mark. Furthermore, the increased trading volume increases the possibility of a bearish continuation to the $0.16 mark. The crucial daily EMAs maintain a bearish alignment with the death cross, gaining spread and increasing the selling influence. MACD Indicator: It is evident that the MACD and the slow line split into the negative zone and maintain the bearish alignment. Thus, the bearish trend intensifies the negative histogram and suggests a buying opportunity. RSI Indicator: The RSI values are continuing to decline within the 14-day SMA influence and then move towards the boundary of oversold. Thus, the indicator exhibits a solid bearish trend movement. In a nutshel...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.