Cryptocurrency ROSE with ticker ROSEUSD is moving nicely as expected based on technical analysis and Elliott wave theory.
On September 11 we have spotted nice and clean bullish setup formation after it unfoleded a five-wave impulse in 2023, followed by a deep A-B-C corrective setback with strong 78,6% Fibo. support area.
ROSEUSD Daily Chart From September 11 2024
Later on November 4, we got a nice bounce away from projected strong support and we pointed a new lower degree bullish setup formation with waves 1 and 2 that can shoot the price into wave 3 of a five-wave bullish cycle.
ROSEUSD Daily Chart From November 04 2024
As you can see today on December 09, ROSE is on fire within a projected wave 3 and with current break above 0.14 bullish confirmation level, it's most likely on the way towards March 2024 highs and 0.20 area within a projected five-wave impulse, so more gains can be seen after 4th wave pullbacks.
ROSEUSD Daily Chart From December 09 2024
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