JOEUSDT
JOE/USDT Success Reclaim the key area. Could Break the pattern??💎 JOE has recently witnessed significant developments in the market. It has successfully reclaimed the area above the demand and displayed a bounce from this critical level.
💎 The next destination is the resistance trendline within the descending channel pattern. If JOE manages to break out of this pattern, there's a possibility of a price resurgence, with a probability move towards retesting the robust resistance zone.
💎 However, if JOE fails to breach the pattern, the price may retreat to the demand area to build new momentum. Should JOE not exhibit a bounce at the demand area and even break below it, this could be an ominous sign, indicating a shift towards a downward trajectory, with the next target being the support area.
💎 Bouncing from the support is imperative, along with reclaiming the area above the demand, if JOE intends to sustain its upward movement. Conversely, if JOE struggles to rebound and break out, the price may experience further decline.
JOE LONG hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
#JOEAccording to the reviews in the previous post on the currency. In a short-term upward trend with 50% correction of the previous wave, it has continued to grow up to the previous supply area, which will now have the ability to grow up to the neck line and the upcoming supply area in a density after the failure. Therefore, after the failure, we can enter the buy position to continue the upward path.
JOE/USDT probability of bullish continuation from demand? 👀🚀💎Paradisers, get ready for an intriguing phase in #JOEUST market journey, hinting at a bullish surge from its current demand zone.
💎 Following a recent pushback from a formidable supply zone, #JOE has intriguingly swept through buy-side liquidity. This move sets the stage for a possible descent before it gears up for a bullish rebound from the pivotal demand zone at $0.4991. If NYSE:JOE harnesses enough bullish momentum here, we might witness a dynamic push towards challenging and possibly breaking through the robust supply zone above.
💎 The ever-vibrant and unpredictable crypto market calls for a strategy that's as dynamic as the market itself. Should #JOE face resistance in cementing its stance within this crucial support zone, a nimble and strategic pivot could be our key to success.
💎 In such a scenario, our Plan B springs into action: we'd be looking at initiating a bullish move from a strategically lower demand level at $0.3627. This level becomes our new watchtower, as its breach could unravel early signs of a shift towards a bearish landscape in #JOE market story. 🌴💰
JOE/USDT Primed for Supply Breakout ? 👀 🚀JOE Today Analysis💎 Paradisers, focus on #JOEUSDT as it positions itself for a significant trading opportunity. The asset is currently demonstrating a strong bullish movement and is on the cusp of breaking out from its current supply zone.
💎 Looking back at #JOE market behavior, it has a consistent history of navigating descending channels, breaking above, and embarking on upward trends. Currently, It is poised to breach the supply level at $.4489, presenting a considerable opportunity for a bullish movement post-breakout. With this upward trajectory in play, NYSE:JOE aims to target higher supply levels at $.5079 and $.6964.
💎 However, in the ever-shifting dynamics of the market, #JOE traders must stay prepared for alternate outcomes. If it fails to sustain its bullish momentum and drops below the demand level of $.4289, a different market response may unfold. Traders should be ready for a potential bullish recovery from the subsequent key demand level of $.3605. Nonetheless, a decline below this critical juncture might signal challenges in upholding the bullish trend. 🌴💰
JOEUSDT Trend Line Breakout!JOEUSDT Technical Nalaysis Update
JOE/USDT is breaking its trend resistance line. The price is trading above the 100EMA and 200EMA. We are expecting a good up move.
Buy zone : Below $0.418
Stop loss : $0.355
Resistance 1 : $0.474
Resistance 2 : $0.564
Resistance 3 : $0.725
Regards
Hexa
JOE/USDT - Trader Joe: BBand Breakout◳◱ On the $JOE/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.4666 | 0.5019 | 0.5907 and support near 0.3778 | 0.3243 | 0.2355. Entering trades at 0.5011 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Trader Joe
▣ Rank: 231
▣ Exchanges: Binance, Bybit, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Trader Joe is a decentralized trading platform on the Avalanche network that combines DEX services with DeFi lending to offer leveraged Trading. The platform allows users to trade (AMM exchange), participate in yield farming, staking, and borrowing.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.5011 ₮
▣ 24HVol: 6,593,539.140 ₮
▣ 24H Chng: 9.506%
▣ 7-Days Chng: 32.31%
▣ 1-Month Chng: 73.65%
▣ 3-Months Chng: 91.48%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.4666 | 0.5019 | 0.5907
◢ Support: 0.3778 | 0.3243 | 0.2355
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 5.32
▣ Last 90D: 3.02
▣ Last 1-Y: 1.20
▣ Last 3-Y: 0.29
◲◰ Volatility :
▣ Last 30D: 1.22
▣ Last 90D: 0.87
▣ Last 1-Y: 1.18
▣ Last 3-Y: 1.51
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.41 - Bearish
▣ In-depth JOEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
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JOEUSDTJOEUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.40 followed by 0.50
What you guys think of this idea?
#JOE#JOE
For the coin, bullish movement is a priority.
I expect to see the coin in the area of $0.35 with a breakout of this level to $0.42 (1.) soon, where a small rollback is possible.
To confirm further growth, it is important to see the coin above $0.429, where I expect the coin to consolidate between $0.429 - $0.47(2.), where there will either be further growth to $0.6(3.), or a pullback to the lower values (4. )
Of course, if a correction happens now, then consolidation in the area of 0.2968 - 0.2799 $ (5.) is normal, we can see further growth from these values.
Of course, consolidation below $0.2799 will mean a return to the lower boundaries (6.), you can see on the chart.
JOE / JOEUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
JOEUSDT Pending Rally - Ready for a Liftoff? ⚪In the early months of this year, JOEUSDT broke free from a wedge pattern, sending ripples of excitement throughout the crypto community. The subsequent dip found a firm foothold in the demand zone near $0.19, from where it catapulted upwards, achieving a staggering 285% growth. This pivotal moment drew the attention of many bulls.
⚪However, the tide has shifted over the past six months, with JOEUSDT experiencing a consistent decline. Now, the stage is set for another crucial juncture as the price approaches the vital demand zone. Our eagle eyes are closely tracking JOEUSDT's price action, as this could signify yet another remarkable price surge.
⚪But here's the catch: for this scenario to materialize, we must witness an emphatic breakthrough above the $0.37 resistance. When and if this breakout happens, we'll be on the lookout for a prime buying opportunity with a compelling risk-to-reward ratio. Naturally, we will promptly share this setup in our channel.
⚪Nevertheless, it's important to recognize that while the allure of buying JOEUSDT at this juncture is undeniable, it remains a risky proposition due to the absence of robust trend reversal confirmations. Patience and discipline are the key as we await the perfect conditions to make our move. 🚀📈
JOE/USDT Break out Alert, Bullish Momentum is coming ???💎 JOE is undeniably on our radar. Having broken out of the symmetrical triangle pattern, this breakout is evident in the 4-6H timeframe. There's potential for JOE to retest the demand zone or the support trendline of the triangle before embarking on an upward trajectory.
💎 If JOE showcases a strong bullish rejection candle within the demand zone, we can anticipate a bounce and a notable upward push, potentially targeting the supply zone and even the Bearish OB area.
💎 However, if JOE fails to manifest a rejection candle or maintain its position within the demand zone, there's a risk of it breaking below. In such a scenario, JOE might descend towards the support zone or even gravitate to the more robust demand area.
#JOE/USDT 8h (ByBit) Descending channel on supportTrader Joe is pulling back to 50MA where it seems likely to bounce again.
⚡️⚡️ #JOE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (4.2X)
Amount: 4.9%
Current Price:
0.25930
Entry Targets:
1) 0.24800
Take-Profit Targets:
1) 0.29595
Stop Targets:
1) 0.22400
Published By: @Zblaba
CRYPTOCAP:JOE BYBIT:JOEUSDT.P #TraderJoe #DEx #DeFi traderjoexyz.com
Risk/Reward= 1:2.0
Expected Profit= +81.2%
Possible Loss= -40.6%
Estimated Gaintime= 1-2 weeks
JOE / US Dollar (JOEUSDT) Token Analysis 11/09/2023Fundamental Analysis:
JOE (JOE) serves as the native token for Trader Joe, a decentralized exchange (DEX) operating on the Avalanche (AVAX) blockchain. Trader Joe offers a range of DeFi services, including swapping, staking, and yield farming. Since its launch in June 2021, the exchange has experienced rapid growth, attracting over $4 billion in total value locked (TVL).
Trader Joe places a strong emphasis on a community-first approach and values innovation, speed, and security. The platform aims to provide a comprehensive DeFi experience, offering various services while prioritizing the safety of its users' assets. To achieve these goals, Trader Joe has laid out an ambitious roadmap for 2021, focusing on token-holder growth. This roadmap includes plans for enhanced staking, the addition of non-fungible-token (NFT) exchange listings, collateralization of the JOE token, and the introduction of leveraged trading features.
Trader Joe offers a full suite of features akin to a modern decentralized exchange (DEX) and combines this with a user-friendly interface, ensuring swift and cost-effective transactions. Users have the option to participate in yield farms, providing liquidity and earning JOE (JOE) tokens as rewards, which can subsequently be staked and used for voting in governance proposals.
In addition to its DEX functionality, Trader Joe operates a lending protocol known as Banker Joe, built upon the Compound (COMP) protocol. This non-custodial lending platform enables users to both borrow and lend funds. Furthermore, users can open leveraged positions, utilizing either their provided liquidity or borrowed funds.
Trader Joe is committed to enhancing the utility and adoption of the JOE token. To achieve this, the project is working on several key additions, aiming to establish itself as the primary DeFi platform within the Avalanche ecosystem. These forthcoming features include the ability to use JOE as collateral for borrowing, the introduction of limit orders, and the inclusion of options and futures trading on the platform.
Thanks to its rapid pace of innovation and distinctive comic book-inspired branding, Trader Joe has attracted substantial support from prominent figures within the DeFi community. Notable backers include Stani Kulechov, the founder of AAVE (AAVE), and Darren Lau, among others.
Trader Joe operates on the Avalanche (AVAX) blockchain, which features a distinctive proprietary consensus mechanism. In this mechanism, all nodes engage in processing and validating transactions by utilizing a directed acyclic graph (DAG) protocol.
At present, the management of the project's treasury is entrusted to its developers, Cryptofish and 0xMurloc. However, the Trader Joe community has plans to establish a multi-signature governance mechanism in the future. In the interim, token holders have the ability to vote on the development of the protocol through the Snapshot platform.
Trader Joe was founded by two pseudonymous developers known as Cryptofish and 0xMurloc.
Cryptofish is a self-described full-stack and smart contract engineer who played an early role in various Avalanche projects, including Snowball and Sherpa Cash. Prior to this, Cryptofish worked at Google and holds a Master's degree in Computer Science from a U.S. university.
On the other hand, 0xMurloc is a full-stack developer with a background in launching several startups and serving as a Senior Product Lead at Grab.
In addition to Cryptofish and 0xMurloc, the Trader Joe team comprises over a dozen other pseudonymous contributors who work across various areas, including software development, marketing, and community management.
The total supply of JOE (JOE) amounts to 500 million tokens. Notably, JOE was introduced to the market without any pre-sale, private sale, or pre-listing allocations.
The distribution of JOE tokens is structured as follows:
50% allocated to liquidity providers.
20% allocated to the project's treasury.
20% designated for the team, subject to a three-month cliff period.
10% reserved for future investors, also subject to a three-month cliff period.
JOE tokens are being emitted over a 30-month period, and individuals staking JOE can earn 0.05% of all trades conducted on the platform. Furthermore, JOE tokens are designed to share a portion of the fees generated from lending interest and liquidations with the staking pool.
It's important to note that the emission rates of JOE are programmed to progressively decrease over time and are set to conclude at the start of January 2024.
Technical Analysis:
We have applied Fibonacci retracement tools, extending from $0 to its all-time high (ATH) of $2.79. Within this analysis, we have identified potential support and resistance areas on the chart based on the retracement levels.
In addition to the retracement levels, we have utilized Fibonacci projection tools to delineate additional potential support areas below the previous all-time low price. This projection is based on the most recent market cycle. Consequently, we have established two potential support levels at $0.13 and $0.07.
Furthermore, we have outlined three potential price targets using the Fibonacci retracement levels from the ATH cycle. These targets are anticipated within the next few weeks to months and are as follows:
First Target Price (1 TP): $0.6
Second Target Price (2 TP): $1.065
Third Target Price (3 TP): $1.4
These levels serve as key reference points for our analysis, guiding our expectations for future price movements.
Sentiment Analysis:
Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels.