JOE / TetherUSLong
Can #JOE Bulls Continue this Bullish Momentum? Key Levels
Yello Paradisers! Is #JOE about to break out of this falling wedge, or will the bears take full control? Here's why the next move could be massive for #JOEUSDT:
💎#JOEUSD has been trading within a falling wedge formation, consistently rejecting from its descending resistance. This pattern is typically bullish, but we need a confirmed breakout before expecting an explosive move. Currently, JOE is holding above a strong support zone at $0.1390 - $0.2099, where buyers have previously stepped in.
💎A bullish divergence is forming on the MACD histogram, suggesting weakening bearish momentum. However, for bulls to take charge, #JOE must break through the descending resistance and reclaim $0.3709 as support. If this happens, we could see a strong rally toward the $0.60+ zone, where major resistance awaits.
💎The major support zone sits at $0.209 because the bulls have stepped here to defend this level. However, if it fails, the last line of defense is at the $0.139 strong support level. As long as support holds, buyers have a chance to push #JOE higher.
💎If the support at $0.139 fails, the bearish scenario could unfold, driving #JOEUSD into a deeper correction phase. The structure remains intact for now, but a breakdown would trigger further downside risk.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#JOEUSD has been trading within a falling wedge formation, consistently rejecting from its descending resistance. This pattern is typically bullish, but we need a confirmed breakout before expecting an explosive move. Currently, JOE is holding above a strong support zone at $0.1390 - $0.2099, where buyers have previously stepped in.
💎A bullish divergence is forming on the MACD histogram, suggesting weakening bearish momentum. However, for bulls to take charge, #JOE must break through the descending resistance and reclaim $0.3709 as support. If this happens, we could see a strong rally toward the $0.60+ zone, where major resistance awaits.
💎The major support zone sits at $0.209 because the bulls have stepped here to defend this level. However, if it fails, the last line of defense is at the $0.139 strong support level. As long as support holds, buyers have a chance to push #JOE higher.
💎If the support at $0.139 fails, the bearish scenario could unfold, driving #JOEUSD into a deeper correction phase. The structure remains intact for now, but a breakdown would trigger further downside risk.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.