JUPUSDT Bullish Wedge Pattern!JUPUSDT Technical analysis update
JUP price broke the falling wedge pattern on the daily chart. The price could retest the previous support before going up.
Buy level: Above $0.90
Stop Loss: $.79
Regards
Hexa
Jupusdtsignal
JUP target $184h time frame
-
JUP has dipped over 50% since hitting $1.8, accompanying with silent alts on Solana. From TA, JUP makes a healthy retracemetn that could be seen as a correction wave of Elliott impulse wave, which means there is a further pump while JUP continues to match the Elliott wave trend. Moreover, once alts season starts, JUP could gain huge profit from those trading on Solana, it will be a positive assistance for consistent pump until JUP reaches a reasonable market cap.
-
Bull target: $18~$20
JUP/USDT Break Alert! Show a retest is valid and continue upward💎 Paradisers, #JUP has recently undergone significant market dynamics, successfully breaking out of the ascending triangle pattern.
💎 Following the breakout, JUP has undergone a retesting phase on the support level, which previously acted as resistance. This retest signifies potential strength in the newfound bullish momentum, with JUP poised for continued upward movement toward our target area.
💎 However, should JUP fail to sustain its upward climb and retreat towards the support area, it would be crucial to monitor its behavior closely. While a bounce from the support level could signal resilience and a potential resumption of the uptrend, a breakdown below this level could indicate a false breakout scenario.
💎 In the event of a breakdown, where JUP breaches the support level, caution is warranted as it may suggest weakening bullish momentum.
