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JASMYUST trade ideas

JasmyCoin Chart AnalysisThe thing about the altcoins vs USD/USDT is that most of them move just like Bitcoin and this is the case with JasmyCoin (JASMYUSDT). I am doing this analysis on the request of @Jay3000, a precious follower of ours. So, the chart is the same as Bitcoin. Peak/All-Time High in November 2021 followed by a major downtrend. Lower low with lower highs. There is just one question possible here, is the downtrend over? Is the bear market over? Impossible to figure out from the chart. We only know after the bottom is in. We can only know when the bottom is in/confirmed when the downtrend is broken. As long as the downtrend remains active, our bias remains with the trend. We can expect lower prices until the downtrend ends. What to expect? It is likely we see another major drop as the bear market climax or the bottom can... This is just guessing ... Here is what the chart says: - Above $0.0065, the bulls can move ahead. - Any trading below this level and the bear market hasn't end. I hope that helps. Namaste.
by AlanSantana
18
✴️ JasmyCoin Update by Request (350% Profits Potential)I see your interest in this altcoin pair and acknowledge it, so here is the update as requested. We look at the chart fresh/new, even though the last trade idea was good. We have the major downtrend taking place for JasmyCoin (JASMYUSDT) since November 2021, here we are looking at it since March 2022. Since March 2022 a long-term bullish divergence has been building up on the RSI. A stronger bullish divergence came in again from October 2022 vs the current December 2022 low. JASMYUSDT hit a strong lower low between these two dates while the RSI hit a strong higher low. So the yellow cup on the chart is the 'liquidity hunt'/stop-loss hunt move by the market. A new low is hit but prices quickly recover and this is marked with a bullish divergence on the RSI, which confirms that JasmyCoin is not due to go lower but instead the market was looking for needed liquidity. Now that this has been taken care of, the trend can change... Or so the signals are saying. We have a very strong RSI at 60. A strong RSI near support/low prices is a heavy signal, it is worth a lot. JASMYUSDT is also now trading above EMA50, another very strong signal. And the major down-trendline here marked as a falling wedge pattern has also been broken. All this opens the door to higher prices. Knowing this, reading these signals one would be tempted to take action. Here is how a professional or experienced trader would go about using this information: 1) Buy with a bullish bias (anticipating prices will grow). The targets are on the chart, if it grows then sell according to his/her own system/strategy. 2) Control risk/define risk. A short-term stop-loss can be used around 0.00335.
 (If prices move and close below this level, close the trade). A stronger stop-loss can be used around 0.00273. 
(If prices move and close below this level, close the trade). This experienced trader did the job. He bought with the right signals and defined his risk in case things go wrong. If there is a bullish follow up, then we are green and the rest is to enjoy the ride on the way up. This is not financial advise. I am sharing my experience, views and opinion.. Initial, I was just reading the chart. Thank you for your continued support. Namaste.
Long
by AlanSantana
5
Jasmy Scalp LongIt's been an interesting start to the New Year and those of you that pay close attention to price action will know already that something has changed. I won't go into details here and will instead focus on what may happen with Jasmy over the coming hours. I believe we will know in the next few hours whether Jasmy will continue with rise level 2 or if it will break down for a much deeper level 1 retrace. If it is the market makers intention to take the price of Jasmy higher, then they will take it into the manipulation zone where they will stall and do their dirty work. If their intention is to take the price lower then they can go back under 0.003000 without breaking structure. My belief is that they will take price higher and I am already long - I'm sure you are too. I don't use stop losses but I would probably manually close 50% of my longs at 003550 and the rest at 003500 if I am wrong on this trade. With that negativity out of the way, let's consider the upside potential. I am only allowed to post one image and I have chosen the 1hr chart as we are focusing on the short term, however, it is clear on the daily chart that there is huge upside potential for Jasmy. The reason I mention that is many traders will be tempted to go short from the manipulation zone if they believe we are still in a so-called "bear market". If you are one of those traders, that's fine, I am sure you understand how fast the move higher will be if they decide to take it above 0.003900 - just be careful. I am hoping we get a little downside to 003575 so I can add to my longs and then watch a bounce to the upside. Hopefully see you in the manipulation zone ;-)
Long
by ScalpWthMe
2
JASMYUSDT SHARKThe shark candlestick pattern is a new harmonic chart pattern discovered in 2011 by Scott Carney that indicates a trend reversal possibility. So far, the pattern has been proven highly accurate and can be used by traders to identify trend reversals and find successful trading opportunities. Discovered by Scott Carney in 2011, the Shark harmonic pattern is a five-leg reversal pattern largely dependent upon the powerful 88.6% retracement level and the 113% reciprocal ratio. In addition, it has a chart formation called an Extreme Harmonic Impulse wave, which looks like the M letter for a bullish shark pattern and W for a bearish shark pattern. As with other harmonic chart patterns, the shark harmonic candlestick formation must meet several Fibonacci ratios to be valid. It also aims to predict future price movements using previous price swings and geometric shapes. However, Scott Carney used another method for the famous five swing harmonic pattern points. Unlike other harmonic patterns with the following swing points – X, A, B, C, and – Carney developed another method for the shark harmonic pattern using these price points – O, X, A, B, and C. Apart from the different swing point labeling and the unique Fibonacci ratio Carney invented for the shark pattern, it is similar in structure to the Cypher pattern, the Bat pattern, and the Crab pattern.  Likes and comments if you have questions! 🍌 Thanks!
by UnknownUnicorn38199698
28
JASMY Scalp ShortIt's my fist time trading JASMY, but the asset and it's fundamentals are irrelevant to me. My CryptoScanner software alerts me to assets that are moving and I analyze each one from there. The 4hr chart shows the development of a potential head and shoulders a little better but I have chosen the 1hr chart to give us a little more accuracy. As always when shorting - timing is critical and I believe we have been patient enough thus far and now is the correct time to consider an entry - with caution. I will open my first 'light' short at 0.003773 to dampen any FOMO I may be feeling at that time. Price will probably rise to around 0.003825 which I believe will be the best entry possible. I will control my greed at that level and just observe instead. If price goes above 0.003825 then I will close my small order and move on to my next trade. Going long JASMY may very well be one of those trades so we'll have to wait and see. If things go according to plan, I will open further short orders as price continues to move down but I will pay extra attention to what happens at the 0.003500 level which is a potential reversal point if their intention is to trap traders short.
Short
by ScalpWthMe