Oasis Network ($ROSE) - Macro Range High incoming
Rose has been ranging in a macro range since it's high printed earlier this year.
My criteria for continuation is a reclaim of the range eq - this is currently happening.
We've had a high time frame candle on the H12 close above the eq and piercing through this resistance level 9red box). If it can maintain and confirm acceptance above this level, with HTF candle closes above, then it will push the upper ranges highs imo.
Macro invalidation below and the range low, with minor invalidations closer to market price if this current breakout fails and breaks down, time will tell.
Trade safely,
Vatsik
My criteria for continuation is a reclaim of the range eq - this is currently happening.
We've had a high time frame candle on the H12 close above the eq and piercing through this resistance level 9red box). If it can maintain and confirm acceptance above this level, with HTF candle closes above, then it will push the upper ranges highs imo.
Macro invalidation below and the range low, with minor invalidations closer to market price if this current breakout fails and breaks down, time will tell.
Trade safely,
Vatsik
Vatsik