Technical analysis by Nology3000 about Symbol ROSE: Buy recommendation (6/4/2024)

ROSE had a tough 2024. What looked to be an impulsive wave up after a strong 2nd half of 2023 turned out to be a long drawn out ABC correction that sideswiped a lot of holders. But after a long correction finally hitting 3.618 fib retracement level, #ROSE showed signs of reversal. The impulsive wave is clear to see, and in fact, looks like a series of nested waves means a very strong upthrust and a V Bottom out. Given the long drawn out correction of wave 2, a sharp yet violent wave 4 is predicted further down the line. The price structure of ROSE is very similar to that of PYR - reference my earlier post - which signal to me that many #altcoins are entering the expansion phase to the larger degree wave 3. My Twitter is updated far more frequently than in the Trading View community, for more frequent updates, follow me there. Thank you and good luck if you are a holder of ROSE >