JASMYUSDT Technical Analysis.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
Jasmy has broken down below an important supporting trendline and the 50 EMA support. It is likely to see Jasmy hitting the primary support at $0.0245 and, in the worst case, $0.01632, which would be a 40% dump from the CMP.
Key Observations:
~ Primary Support: $0.0245.
~ Lower Support/Entry: $0.01632.
DYOR. NFA.
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Jasmy
What's Next, JASMY? I received many requests to do another chart analysis. So, let's look closer at where we are and what JASMY's next move will probably be.
We had another amazing pump at the end of May/beginning of June, during which JASMY added another 100% and topped at the 0.045 level. More importantly, the token briefly broke through the resistance at 0.024 and even 0.037.
As expected, JASMY then entered a consolidation phase — which is absolutely necessary and healthy!! So far, JASMY corrected 30% based on the top.
If you zoom out, you can see that JASMY mirrors the March price performance. After the run-up, we had exactly the same correction of 30%. However, at that time, the consolidation took three months.
I don't expect a similar length this time. On a macro-level, I am convinced that the CRYPTOCAP:ETH ETF approval will initiate a run for many altcoins. Additionally, we had a couple of positive news from SONY entering the crypto market, which can also positively influence JASMY.
Ultimately, I expect the following:
- Some more sideways consolidation is likely until the ETH ETF launch.
- Re-test and break through the resistance at 0.037
- Pump towards 0.068 before entering a new consolidation phase.
Levels to watch:
- 0.024: This level should serve as strong support. A break below could initiate a dip towards 0.016 levels.
- 0.036 smaller resistance
- 0.068 target after a bullish breakout
JASMY's trend is completely bearishJASMY's trend is completely bearish and it continues to move downwards with fluctuations. Currently, it is in a descending channel where it continues its downward trend, hitting lower highs and lower lows. The likely scenario is a minor pullback to the top of the channel and then a drop towards the bottom of the channel.
JASMY buy/long setupAfter the pumps, JASMY has formed a bear CH on the chart, which is the first sign to reach the support areas, which is a buy opportunity for us.
This area is fresh and its buy orders have not been consumed before.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
JASMYUSDT bullish movement is about to happen!!!BINANCE:JASMYUSDT
As you can see, the price made a good climb after breaking the triangle, and after that, it started its downward phase and now it is close to the most important Fibonacci level, which after reaching it, the price can react.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
#JASMYUSDT #4h (Binance Futures) Descending channel breakoutJasmyCoin formed a bull flag and is pulling back to 100EMA support, looks good for bullish continuation especially after that previous hammer.
⚡️⚡️ #JASMY/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 6.1%
Current Price:
0.035194
Entry Targets:
1) 0.035153
Take-Profit Targets:
1) 0.046679
Stop Targets:
1) 0.029376
Published By: @Zblaba
CRYPTOCAP:JASMY BINANCE:JASMYUSDT.P #JasmyCoin #IoT jasmy.co.jp
Risk/Reward= 1:2.0
Expected Profit= +98.4%
Possible Loss= -49.3%
Estimated Gaintime= 1 week
JASMY (JASMY)In trying to understand how to use this indicator, I think the unconnected lines going down show where there are support lines, and the disconnected lines going up represent support lines for support and resistance type observations. I placed the lines on the graph according to the indicator with green being resistance lines and the red line being support.
$JASMY Bullish Pennent on daily and weekly TF !
Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider:
### 1. Identify the Pattern
- **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines that create a small symmetrical triangle.
- **Volume**: The volume typically decreases during the consolidation phase and should increase upon breakout.
- **Duration**: This pattern usually develops over a period of one to three weeks.
### 2. Confirm the Breakout
- **Breakout Point**: Enter a trade when the price breaks above the upper trendline of the pennant with increased volume.
- **Validation**: Ensure the breakout is supported by higher trading volumes, which confirms the strength and likelihood of continuation.
- **Entry Strategy**: Place a buy order slightly above the breakout point to avoid false breakouts.
### 3. Manage the Trade
- **Target Price**: Estimate the target price by measuring the length of the flagpole (the initial price increase) and adding it to the breakout point.
- **Stop-Loss Order**: Place a stop-loss order below the lower trendline of the pennant to protect against downside risk.
- **Monitor**: Continuously monitor the trade, adjusting stop-loss levels to lock in profits as the price moves in your favor.
By following these steps, traders can effectively capitalize on the bullish pennant pattern and manage their risk appropriately.
(JASMY) jasmyThe volume value of Jasmy right now is actually not so high that it is worrying. Surely there will be days when the price of crypto is like a weekend from work or even times when people get speculative. The three larger values of volume in comparison to the price lines on the graph itself. Where will the price go from here?
JASMYUSDT.1DIn my professional analysis of the JASMY/USDT daily chart, several key observations can be made based on the technical indicators and price patterns observed:
Support and Resistance Levels: The chart outlines two primary resistance levels at $0.024954 (R1) and $0.051063 (R2), with support levels at $0.013466 (S1) and a lower boundary around $0.013466 (S2). Currently, the price is near S1, which it has tested recently. Holding this level could be crucial for preventing further declines.
Price Movements and Patterns: The recent pattern shows a sharp rise followed by a period of consolidation. This could indicate that the market is deciding its next major move. The presence of a lower resistance at R1 and the subsequent higher resistance at R2 suggests that breaking above R1 might lead to a quick move towards R2 if bullish momentum increases.
Technical Indicators:
Relative Strength Index (RSI): The RSI is below 50, which typically indicates bearish momentum. However, it is close to this midline, which could signal that the downward pressure is weakening.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but close to crossing below, which could suggest a potential change in momentum. It's crucial to watch this indicator closely for early signs of a trend reversal or continuation.
Trading Strategy: Given the current support at S1, traders might consider this an opportunity to buy, aiming for a short-term target at R1. However, due to the potential volatility and the nearness of the MACD lines to a bearish crossover, setting a tight stop-loss just below S1 could help manage risk effectively.
Risk Management: The proximity of the current price to the support level means risk management is crucial. A break below S1 could see the price heading towards S2, representing a significant drop. Hence, maintaining a disciplined approach with clear stop-loss orders is recommended.
Conclusion: The JASMY/USDT pair shows potential for a rebound if it holds the support at S1. The targets to watch would be R1 and potentially R2 if the momentum is strong enough. However, the risk of a further decline remains if the support at S1 does not hold, making vigilant monitoring of price action and technical indicators essential for timely decision-making. This setup offers a balanced risk-reward scenario that requires careful attention to both entry and exit strategies.
(JASMY) jasmyCurrent view of the indicator I'm working on while still missing the main point of what I've been trying to do. The dotted lines show a measured point on the graph and is not drawn. The small dotted lines cover three distances of 50, 100, 150 into the past and up to the current timenow. Not exactly what I've been trying to do to make an indicator.
JASMY strong upward movement, breaking past the resistance level
Key Support and Resistance Levels:
Immediate Support: $0.024512
Primary Support: $0.014300
Immediate Resistance: $0.045934
Primary Resistance: $0.068500
Trend Analysis:
The price has experienced a strong upward movement, breaking past the $0.035000 resistance level. The current price of $0.039087 indicates a bullish trend, reinforced by the recent upward trajectory.
Indicator Analysis:
Stochastic RSI: Currently at 65.31 and 39.42, indicating the price is in a bullish zone but not yet overbought, suggesting potential for further upward movement.
CVD (Cumulative Volume Delta): Shows a positive volume trend of 102.706M, supporting the bullish momentum.
Potential Price Targets:
Short-Term Target: The immediate resistance at $0.045934, if broken, could lead to the next target at $0.068500.
Long-Term Target: Should the bullish momentum continue, the price might aim for higher resistance levels beyond $0.068500.
Strategic Outlook:
The breakout above $0.035000 suggests a bullish sentiment. Traders should watch the $0.045934 resistance closely, as a breach could propel the price towards $0.068500. Conversely, a pullback might find support at $0.024512 or lower at $0.014300.
Conclusion:
The JASMY/USDT chart signals a robust bullish trend with significant potential for further gains. Key resistance levels are crucial to watch for potential breakouts, while support levels provide downside protection.
JASMY Idea - Update for bullish trendHere's the rewritten text in a friendly tone:
Hey Traders! I noticed something interesting on the JASMYUSDT chart.
The price bumped up against the 30 and 60-moving averages on the 4-hour timeframe, which can sometimes act as a bit of a hurdle. But things are looking positive! There's more trading happening in the crypto market lately, especially with altcoins, and other coins are on the rise too. This overall positive sentiment, along with the technical stuff on the chart, suggests JASMYUSDT could be due for a climb. Just like we're seeing with other cryptocurrencies!
Here's the exciting part: If the price on the 30-minute chart breaks above the recent high and crosses above both the 30 and 60-moving averages in 30-Min and 15-Min charts, that could be a good sign for a buying opportunity.
Targets:
$0.04020 and $0.04200
#JASMY/USDT#JASMY
We have a bearish channel pattern on a 2-day frame, within which the price moves and adheres to its limits well
We have a green support area at 0.01500 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 0.02000
The first target is 0.02400
The second goal is 0.02660
The third goal is 0.03000
JASMY IdeaIf the price does not breaking the bottom of the channel, (due to the end of the fifth wave in the 4-hour chart), then after hitting the bottom of the channel as well as hitting the 30-MA. there is possibility to return to top of the channel.
Pay attention: that the closing of the ascending candlestick inside the chanel, and then, passaging the next ascending candle above the highest price of the closed candle, is a buy signal.