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ROSEUSD trade ideas

ROSE is poised to rise towards the upper border of the wedgeROSE crypto showed a strong recovery from the last quarter of 2023 to the first quarter of 2024 but entered a wedge pattern in the second quarter, which continued into the third quarter. However, ROSE entered the final month of the third quarter, ROSE has shown signs of revival, bouncing back from a critical level around $0.04900 on the daily chart. The asset is displaying bullish potential, staying above the 20-day EMA. With increased bullish interest, ROSE could break through the 50-day and 200-day EMA bands as it moves upward. In the short term, ROSE is poised to rise towards the upper border of the wedge. Bulls are working hard to overcome resistance levels and push the price to new heights from the current support zone. The asset is showing bullish strength, with the RSI above 50 at 58.74, indicating it is still in positive territory and could move higher. If the price crosses the 50-day EMA, the short-term target could be near the upper border at $0.08500. In the long term, breaking past the 200-day EMA and upper border could set targets at $0.1050 and $0.1400, respectively. However, if the price fails to break these levels, it may continue to consolidate.
COINBASE:ROSEUSDLong
by Sam_TCR
Can Oasis Price (ROSE) Show gains Amid Improved Sentiments?Can Oasis Price (ROSE) Show gains Amid Improved Sentiments? The Social metrics have grown in the recent sessions indicating an improved sentiment in the community. The bulls need to surpass the key 200 day EMA in order to reclaim control over the trend. Oasis price seemed to be struggling in order to reclaim bullish territory above the 200 day Exponential moving average. The recent sessions have recorded an improvement in the Oasis price after bouncing back from the demand zone. However, The prevailing weakness in the market leaders like Bitcoin and Ethereum has also dented the recent gains of The ROSE crypto dragging it lower in Intraday. At the time of writing, the Oasis crypto was exchanging hands closer to $0.097 marking a 3.08% decline in intraday. Moreover, there has been a positive development in the social metrics curve indicating a possible improvement in the price on the horizon. Let's decode the possible trajectory of Oasis crypto for the upcoming sessions. Social Sentiments On The Rise! The recent sessions recorded a sharp crash in the price in the mid June followed by a recovery after bouncing back from the demand zone. Along with the positive recovery in the price there has been a similar development in the social metrics. The social metrics like social dominance and social volume curve have exhibited an upward trajectory in the recent sessions indicating an improving sentiment among the community and users. Moreover, social metrics are an important tool which records the change in activity of the users across social media platforms like X (Twitter) and Telegram. A heightened social metrics generally prints a heightened price on the charts. Is Oasis Crypto Bullish Or Bearish On The Charts? The short term trend outlook seemed bearish however, the bulls were observed to be struggling for a trend control in the recent sessions. The selling pressure in intraday reveals that the bears might be returning back. However, the price is still maintained above the recent swing of$0.095 indicating the buyer's establishment at the lower levels. Now, if the ROSE crypto price slumps below the $0.095 level it may validate a bearish continuation and the price may decline towards the lower levels of $0.089 and $0.081. Conversely, if the bulls manage to recover again and surpass above the 200 day Exponential moving average marking a bullish reversal in the short term. The RSI and SMA line have withdrawn below the mean line indicating weakness on the charts. Conclusion. Oasis crypto's struggle to stay above the 200-day EMA reflects a challenging market. Despite taking rebound from a demand zone, the short-term outlook still seemed to be bearish. Social metrics recorded a positive development in the recent sessions. However, the intraday selling pressure suggests that the bears might be returning back. However the bulls may attempt for recovery until the price is maintained above the recent support of $0.095. A break below the recent support could lead to further declines to $0.089 and $0.081. Furthermore, A bullish shift requires the price to surpass and sustain above the 200-day EMA. Also, the RSI and SMA lines were placed below the average point to market weakness.
CRYPTO:ROSEUSDLong
by Ritika_TCR
ROSE crypto experiences an upward spikeUpon observing the ROSE chart, it's evident that the price trend was upward until March 10th, experiencing a substantial increase. However, the trend reversed on March 11th, as the price entered a correction phase, forming what seems to be a falling wedge pattern. This wedge pattern was observed as the price of ROSE cryptocurrency plummeted from $0.1850 to the $0.0800 support level by mid-April and then consolidated for nearly two months. By June 5th, the price broke out of the sideways range. Subsequently, the ROSE price witnessed a pullback and seems to be showing signs of positivity on the daily chart. Currently, ROSE is trading at $0.11782, marking an intraday dip of -5.63%. The MACD indicator displayed a bullish cross with the MACD line at 0.00651, positioned above the zero line with a histogram at 0.00194. Additionally, the RSI was above the midpoint at 61.13, indicating that the momentum has not yet reached the overbought zone, leaving room for potential growth for Oasis Crypto. If the ROSE crypto experiences an upward spike, the upper targets would be $0.1510 and $0.2000. However, if Oasis fails to maintain a position above the $10500 level, the price could decline back to the crucial support at $0.0800.
COINBASE:ROSEUSDLong
by Sam_TCR
Social Sentiments On The Rise: Can Oasis Continue To Show Gains?Social Sentiments On The Rise: Can Oasis Continue To Show Gains? Oasis crypto made a retest of the supply turned demand zone at $0.104 after a breakout. The social dominance and social volume curve has been heading upwards indicating a surge in the demand. The Oasis crypto has recently captured the attention of investors after breaking out of a correction phase. The bulls are sitting at a weekly profit of 17.62% and a monthly return of over 32.9%.The successful retest of the previously resistant zone, which has now become a supportive demand zone, underscores the bulls' control, especially at lower price levels. The ROSE crypto has started forming the higher highs and higher lows signaling a potential continuation of its recovery from past losses in the forthcoming trading sessions. Moreover, there has been a significant development in the social engagement metrics, including social dominance and volume, pointing to growing interest and discussion within the community. Social Dominance and Social Volume Surpassed Monthly Highs Earlier, in mid May, during broader market recovery, Oasis (ROSE) crypto stabilized near the $0.8 level indicating a bullish reversal. The price then continued to form higher lows patterns and made a breakout of the crucial supply of $0.01 thus marking an end to a correction phase. Moreover, there has been a notable development in the social engagement metrics like social dominance and social volume. As per the data obtained from a financial website app.santiment.net, the social dominance curve was headed upwards and has surpassed the monthly high marks. The social dominance and volume reflect shifts in the crypto's awareness and popularity among its user base. Platforms like Twitter, Instagram, and Facebook serve as conduits for expanding the crypto's visibility and appeal. An uptick in these social metrics typically correlates with increased user engagement, suggesting a growing demand for the cryptocurrency. This trend often translates to a favorable influence on its market price. Technical Analysis Of Oasis (ROSE) Crypto. From a technical point of view, the price has surpassed the dynamic resistances of 50 and 200 day EMAs marking an end to a correction phase. The long term trend has turned bullish above the 200 day EMA. Moreover, a bullish crossover of the 50 day and 200 day was observed on the daily chart indicating the continuation of a bullish trend. The short term traders and investors may target the higher supply of $0.13 as the next profit booking zone. At the time of writing, the RSI line was placed at 64.8 points whereas the 14 day SMA line was placed at 60.51 points. Both the RSI and SMA line have surpassed the mean line suggesting a bullish continuation.
COINBASE:ROSEUSDLong
by Ritika_TCR
1
the Oasis Network crypto asset is displaying bullish behaviorThe daily chart, between October 2023 and March 10th, 2024, the ROSE price witnessed a bullish market trend, resulting in a significant increase in its value from $0.04000 to $0.18000. During the last six months, it performed well with a 150.22% gain, but in the past week and month, the price violated the uptrend from the supply level of $0.18000. As a result, the chart showed a weekly decline of -21.67% and a monthly decline of -36.80%, respectively. However, the ROSE crypto has revealed a sign of possible recovery coming soon on the daily chart, as the price showed sustenance gestures at a crucial support level of around $0.07900. It is highly likely that the ROSE crypto may witness a substantial surge once again, given that its price had previously skyrocketed from the same level of support. This is largely due to the readiness of the bulls to overcome the resistance level, thereby propelling the asset to new heights from its current support zone. Technical Indications in the ROSE Crypto The ROSE asset indicates that its bullish strength is coming back and its capacity to rise is visible on the daily chart. If buyers come into the market, the price of ROSE could potentially surpass the important 20-day and 50-day EMA's from a lower position. Meanwhile, the Oasis Network crypto asset is displaying bullish behavior as the MACD histogram is not growing, which is at -0.00340 and confirms the sustenance activity. Similarly, the RSI is at 34.04 this highlights that it can extend its gains, as it has turned in the 14-SMA direction in the hopes of breaking it from below. ROSE crypto has seen an increase of 4.45% in the past 24 hours and is being traded at $0.09946 at this moment of writing. Therefore, if the demand for the Oasis Network price (ROSE) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.12000 and $0.14000. In case the price value of ROSE crypto is unable to remain above the level of $0.07900, it may experience a further decrease.
COINBASE:ROSEUSDLong
by Sam_TCR
the ROSE asset illustrates a bearish prospectThe price of ROSE has been in favor of buyers earlier. It rose from the demand zone of $0.0400 to the supply level at $0.1800. During its upward movement, ROSE broke through all intermediate resistance levels, including $0.07750 and $0.14450. However, at the higher resistance level of $0.1800, the battle amongst bulls and bears got intense. Due to the bear's strong existence at the top price level, the bulls ended up losing their ground and started deteriorating on the daily chart. However, ROSE crypto has demonstrated a descent by following a downward trendline, as the price decreased from a crucial supply price level of around $0.1800 on the chart. if the ROSE of crypto falls more, then this tremendous drop could persist, as it has already reached the resistance level and started to fall on the daily chart. The ROSE asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline. Also, the price structure is in between major trend 20-day, and 50-day EMA's. Similarly, the ROSE asset illustrates a bearish prospect as MACD exhibits a bearish crossover and the RSI is decreasing gradually and currently is at 40.97. This forecasts that the ROSE crypto asset is losing traction and can reach new lows after taking another possible decline from a declining trendline. On observing the overall chart of ROSE crypto asset, it is demonstrating bearish behavior and shows that it has more room to decrease. It has achieved a bad performance in the last week by -7.78%, and month by -21.85% despite being in an uptrend from so long from the last quarter, thus implying a robust downward direction dip possible in the coming days session on the daily chart. As of now, the current trading price of ROSE is $0.12797, which has seen a slight intraday decline of 0.02%. Based on the current price action, if the price continues to decline and breaks the nearest major support of $0.11750, then its price may dip further. However, if the price gains sudden buying pressure and manages to break the trendline resistance, then it may reach the targets of $0.14100 and $0.18000.
COINBASE:ROSEUSDShort
by Sam_TCR