Rose downtrend is confirmed:
1- break down the bearish wedge pattern
2- break down the support line and pull back
3- Bearish crossover of brick indicator
4- Bearish crossover of MA 20 and MA 40
All of these indicate a confirmed downtrend. I expect the downtrend to continue in the future
1- break down the bearish wedge pattern
2- break down the support line and pull back
3- Bearish crossover of brick indicator
4- Bearish crossover of MA 20 and MA 40
All of these indicate a confirmed downtrend. I expect the downtrend to continue in the future
Trade active
The downtrend continued and since the idea was posted, the rose has lost about 28% of its value
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
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.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
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.