Lokesh Gupta
10-06-2024
In mid-May, during the crypto market recovery, #Oasis Network coin stabilized around the key $0.8 level, suggesting a possible reversal.
Oasis has been moving within an upward parallel channel, with signs pointing to an imminent challenge of the channel's upper resistance.
If the upward trend continues, The $ROSE price is expected to rise, aiming for the important resistance zone.
Analyzing the daily chart reveals a bullish reversal pattern the cup and handle formation hinting at possible sustained bullish momentum.
Showing an 8.2% rise since yesterday, the $ROSE price suggests a breakout above the pattern's neckline resistance at $0.12.
According to Coin Gabbar analysis, Expectedly, ROSE price is poised to breach the upper channel resistance, targeting the critical zone of $0.13250 to $0.145.
On the flip side, continuous selling pressure at $0.12 might lead sellers to extend a consolidation phase in Rose Coin.
KEY LEVELS :
RESISTANCE LEVEL : $0.13250-$0.14500
SUPPORT LEVEL : $0.10500-$0.08000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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