Hi friends hope you are well, and welcome to the new update on Oasis Network (ROSE).
Big wedge:
On the weekly time frame, since March 2021 Rose is moving in a rising wedge pattern. Recently It has tested the support of wedge in the 1st week of Dec once again and moving up.
Broke out symmetrical triangle:
On daily time frame, the priceline of ROSE formed a symmetrical triangle and broke out the resistance with powerful bullish divergence. Now there is a strong probability that the price action of Oasis will breakout the resistance of the bigger wedge as well
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Big wedge:
On the weekly time frame, since March 2021 Rose is moving in a rising wedge pattern. Recently It has tested the support of wedge in the 1st week of Dec once again and moving up.
Broke out symmetrical triangle:
On daily time frame, the priceline of ROSE formed a symmetrical triangle and broke out the resistance with powerful bullish divergence. Now there is a strong probability that the price action of Oasis will breakout the resistance of the bigger wedge as well
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.