Jasmy needs to cool offhi Traders
Some weeks ago , we have shared JasmyUSDT trading idea:
It played out exactly as expected.
We have compared Jasmy to ICP .
This time, let's compare Jasmy to UMA.
As we can see, the size of the move is similar. Now it's time to cool off.
As you can see, UMA is still correcting and it was close to retest 0.382 fib level.
If you want to enter Jasmy trade (recommending only spot trading on this scoin), you should wait for a further correction and potentially retesting 0.382 level. After that, the continuation of the macro uptrend will be expected.
0.786 fib level will be a reasonable take profil level.
Good luck
JASMYUST trade ideas
Jasmy/USDT Bullish outlookthe chart shows jasmy weekly (red) and daily (blue) support and resistance levels along with fib. on the daily time frame, Jasmy looks accumulating between the blue lines for further upward movement. the fib levels were drawn from March 2021. the targets are fib levels 0.5, 0.618, and 0.78 respectively. the scenario fails if .011 is broken downward (red line)
Jasmy similar to ICPhi traders
JasmyUSDT looks kinda similar to ICPUSDT.
ICP broke out some weeks ago , but Jasmy still lagging behing. Once we get a breakout, it should fly. Not expecting Jasmy to retest the absolut bottom again. Market has been very generous and gave us a lot of time to acummulate Jasmy at these low prices. Big move will occur in the next weeks. Good luck
JASMY Plummets and Is at Danger of Continuing a Steep CorrectionOver the past 48 hours, the JasmyCoin price has printed a series of lower lows and lower highs on its 4-hour chart. This had resulted in the formation of a negative price channel.
Technicals Are Flagging Bearish
A deeper dive into the technical indicators reveals a more nuanced story. The 9 Exponential Moving Average (EMA) has been on a gradual decline. Similarly, the 20 EMA has shown a slight downtrend. These indicators suggest a bearish sentiment in the market, as the current JasmyCoin price is below both the 9 and 20 EMAs as well on the 4-hour chart.
The Moving Average Convergence Divergence (MACD) further supports this bearish outlook. The MACD line has been decreasing, alongside the signal line, with the histogram values remaining negative throughout the past 48 hours. This indicates that the downward momentum for the JasmyCoin price is likely to continue in the short term.
The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, has hovered around the neutral 50 mark. This suggests that the market is neither overbought nor oversold, providing no clear directional bias based on RSI alone.
Looking ahead, potential movements with respect to the key levels of $0.018276 and $0.006942 are crucial. The current bearish indicators suggest that testing the support level at $0.006541 may be on the horizon. A break below this level could trigger further sell-offs, whereas a reversal and move towards $0.018276 would require a significant shift in market sentiment, backed by increased buying pressure.
In conclusion, the technical indicators for the JasmyCoin price are currently showing a bearish trend. However, the volatile nature of the cryptocurrency market means that trends can reverse quickly. Traders and investors should keep a close eye on the mentioned support and resistance levels, as these will be critical in determining JASMY’s future direction.
JASMYUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Oranger marker if we still in correction wave of 2 but forming flat.
Yellow if we already forming impulse in wave of iii of (iii)
Entry: Market and lower
Target: 0.01 - 0.014 - 0.021
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions
jasmy short 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.