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JOEUSDT

TRADE ALERT - LONG JOEYes, I know. The altcoin market is very nervous. And rightfully so. But Defi does especially well comparatively when regional banks are faltering. Right now, regional banks (KRE) are moving down and becoming weaker once again. Could we see more defaults? Probably. But this isn't about regional banks is it. We're looking at JOEUSD, a nifty little Defi play. So, aside from fundamentals, let's take a quick look at what the technicals might be showing us here: #1. Bullish divergence on the RSI. And everytime we hit that slowly ascending RED TL, price moves up rapidly. I like the probability here. #2. Price support on that RED TL which intersects with a nice level AND the bottom of that triangle, making it a huge area of confluence where support is strong. #3. That triangle though. I have entered here at .265 and will be pulling profits along the way (especially at those moving averages). Final target is around .45 with a SL at .235. This is not financial advice. Just showing you all what I am doing here. Best, Stew
CRYPTO:JOEUSDLong
by stewdamus
JOE looks like a great setup here!Traders, I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE. Bullish Indicators: *Hidden Bullish Divergence on RSI *Close to Bullish Triangle Exit *Above the 200 Day MA Bearish Indicators: *Under the June 4th Crash Level *Possible re-trace to bottom of triangle If I were to enter here, I'd have a Risk/Reward ration of 3/1 - pretty decent! My target would be that Pivot Low from Jan '22 And I'd put a stop limit just under that .27 cents level at .25 ish. The profit potential here of over 90% with no leverage on this setup is amazing! None of this should be construed as financial advice. This was an exercise in conjecture if I were to throw my remaining public portfolio cash at this trade. Best, Stew
CRYPTO:JOEUSDLong
by stewdamus
SasanSeifi 💁‍♂️JOE/USDT👉4H🔻Hey there, ◼As you can see in the 4-hour time frame, the price has been accompanied by a corrective trend within the range of 0.45. Considering the breakthrough of the low support level at 0.3640, we can expect the price to range towards the support level at 0.34 and the bullish breaker block range, followed by a correction. ◼ To better understand the continuation of the price trend, we need to observe how the price reacts to the support levels . It's possible to witness a positive price reaction around the support level Important resistance levels to watch out for are 0.38 and 0.39.‼❗ ❎ (DYOR)...⚠️⚜️ 🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔶Wishing you successful trading and profitable opportunities! If you have any further questions or require additional assistance, feel free to ask.✌ 🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
by SasanSeifi
#JOEUSDT: A Remarkable 439% Growth and a Promising Future💎 This year, #JOEUSDT has demonstrated an impressive performance, showcasing a maximum growth of 439% since January. However, following this parabolic rise, there was a sharp decline, leading the price to correct down to a key demand zone. 💎 After a successful bounce from this support area, we are now witnessing higher highs and higher lows, with #JOE moving within an ascending channel. Yesterday, the price retraced back to the bottom of the channel but managed to close above it, indicating positive price action. 💎 This favorable price movement strengthens the probability of a continuation of the long-term uptrend. As long as the price remains above the C-wave of the previously established ABC correction, we can anticipate further upward movement. Two double Fibonacci resistance levels suggest a potential 50% price increase in the upcoming weeks. 💎 It's important for the bulls to remain vigilant, as a daily break below the ascending channel would be a first warning sign. However, it's crucial to note that only a break below the C-wave would invalidate the bullish outlook. Our ParadiseClub members can count on us to stay watchful and keep them informed about any developments.
Long
by MyCryptoParadise
Bearish Flag Alert: #JOEUSDT Analysis and Projections💎 #JOEUSDT has recently broken below an ascending channel, indicating a potential Bearish Flag pattern. However, it's important to note that the price has not yet breached the key demand zone near the psychological level of $0.3. As a result, while the probability has shifted in favor of the sellers, we may still anticipate an extended consolidation period before witnessing a decisive break below the critical support. 💎 In the bearish scenario, we can expect #JOEUSDT to experience a possible pullback, with price either testing the resistance level identified by the Volume Profile or the 61.8% Fibonacci level. Nevertheless, we must also consider the possibility of a continuation of the rapid downward movement. Bears could potentially drive the price towards the 227.2% Fibonacci support level, ultimately completing the bearish flag pattern. 💎 On the other hand, if we explore a bullish scenario, it is crucial for #JOEUSDT to establish a new higher high while respecting the current support. This would indicate a potential upward trend. 📊 Keep an eye on the price action, Paradisers, as it unfolds. Stay alert and trade wisely! Your ParadiseTeam is here to support you on your crypto journey. 🌴💪
Short
by MyCryptoParadise
JOE JOEUSDT Price Analysis (8h)Welcome to the price analysis of JOEUSDT, where we take a closer look at the recent movements of this token. Currently, the price of JOEUSDT is showing an upward trend after exhibiting Bullish Divergence on the 8-hour timeframe, with the RSI and MACD crossing into the green zone. The price structure of JOEUSDT has encountered a significant resistance zone in the range of 0.43-0.45. These levels can be considered as potential targets for the ongoing upward movement. However, it is important to note that the cryptocurrency market is prone to sudden shifts in selling pressure, which can have a significant impact on price dynamics. Therefore, exercising caution is of utmost importance. To manage risk, it is advisable to closely monitor the price action and observe any potential breakout near the 0.30 level. This level can serve as a stop-loss point, helping to limit potential losses in case of an unexpected market downturn.
by Vestinda