JASMY — It's Almost Go Time!
Similar to a couple of other tokens, JASMY currently trades in a triangle pattern. However, in JASMY's case, the pattern looks rather bearish, with clear support at 0.002 and lower highs.
Nevertheless, if the market continues to be bullish, JASMY should be able to invalidate the bearish pattern and break out to the top. In this case, I expect the price to enter the (red) consolidation zone quickly. Depending on the market strength, JASMY might go sideways for a while or—in case of strong momentum—pump above. Once this happens, bulls are definitely back in control, and we can start talking about new heights. Yet, we are not there yet.
On the other hand, a bearish breakout to the bottom will quickly send JASMY's price to 0.016, with the next support at ~0.0013.
Let's hope for some support from the broader market and realize the bullish scenario!
Nevertheless, if the market continues to be bullish, JASMY should be able to invalidate the bearish pattern and break out to the top. In this case, I expect the price to enter the (red) consolidation zone quickly. Depending on the market strength, JASMY might go sideways for a while or—in case of strong momentum—pump above. Once this happens, bulls are definitely back in control, and we can start talking about new heights. Yet, we are not there yet.
On the other hand, a bearish breakout to the bottom will quickly send JASMY's price to 0.016, with the next support at ~0.0013.
Let's hope for some support from the broader market and realize the bullish scenario!
I'm Ben. Crypto lover, trader, and coder.
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I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.