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Cryptoknowmics 2022-02-22 06:27:24

ROSE Technical Analysis: ROSE Coin Prices Wither With Head & Shoulder Fallout

With the head and shoulder pattern breakout, the ROSE coin price falls below the crucial trend-setting 200-day EMA. Will the prices reach $0.15? The ROSE coin price depreciated by 45% in the last fortnight resulting in freefall from $0.40 to $0.22. The downtrend breaks below the dynamic support of the 100-days EMA, followed by the failure of the 200-day EMA to push the price higher. Will the downtrend break below the $0.20 mark and reach $0.15, or is a reversal possible? Key technical points: ROSE coin price breaks below the 200-day EMA. The RSI indicator projects the altcoin as oversold. The 24-hour trading volume in the Oasis Network token is $232 Billion, indicating a 60% rise. Past Performance of ROSE ROSE coin price shows a head and shoulder pattern breakout accounting for a 61% downfall from the peak of the head. The price failed to sustain above the 50-day EMA and broke the dynamic support of 100-day EMA resulting in the head and shoulder fallout. Currently, the ROSE token exchanges hand at $0.2168, reflecting the fallout of the $0.23 support level. Source-Tradingview ROSE Technical Analysis The fallout of the $0.23 support level marks a bearish milestone in the ROSE/USD price chart, indicating the next stop at $0.16 if the price break the $0.20 mark. A lower price rejection can bring the altcoin price back above the $0.23 mark despite the lack of support levels. The crucial 50 and 100-day EMAs showcase a falling trend ...