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JASMY / UST

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JASMYUST trade ideas

Breakthrough in Play?JASMY is currently trading at $0.02150, capturing the attention of traders with a notable last day increase of over 15%. This surge in price is underscored by a substantial trading volume, suggesting strong market participation in this movement. The technical indicators exhibit mixed signals: The Bollinger Bands indicate that the price is nearing the upper band, which can act as a resistance level. A breakout above this band could suggest continuation of the upward trend, but as the price approaches this upper band, traders should be cautious of potential pullbacks. The MACD shows a bullish trend, with the histogram in positive territory and the MACD line above the signal line, indicating current momentum may carry forward. However, traders should look for continued positive histograms to confirm the persistence of this trend. The RSI, while not in overbought territory, leans towards the higher end, suggesting that there may be some potential for upward movement before the market considers the asset overbought. Yet, caution is warranted as it approaches the 70 level, which is often interpreted as a sign that a pullback could be forthcoming. The Stochastic oscillator (%K and %D lines) are not in the overbought zone either, but they are trending upward, which typically supports the bullish sentiment. The chart annotations highlight a breakout with a need for confirmation. This means that while JASMY has pushed past a resistance level, traders should seek further bullish signs to confirm the breakout's sustainability, such as higher highs and higher lows, as well as support levels holding strong in case of a retracement. In summary, JASMY shows promising bullish signs, but it faces a critical test as it encounters strong resistance levels. Traders should monitor these levels and look for confirmation before drawing conclusions about the continuation of the trend.
by MonoCoinSignal
1
JASMY Still Bullish Based on the technical analysis of JASMY, the moving averages provide a strong buy signal across various timeframes. The oscillators suggest a mixed sentiment, with the RSI indicating a neutral market. However, the Awesome Oscillator and Bull Bear Power indicate potential bullish momentum. The pivot points provide levels to watch for support and resistance. Recommendation: Considering the overall technical analysis, it is recommended to buy JASMY within a 24-hour timeframe. The strong buy signals from moving averages and the presence of bullish indicators such as the Awesome Oscillator and Bull Bear Power indicate potential upward movement in the short term. Traders should closely monitor the Fibonacci pivot levels for support and resistance. If the price breaks above the resistance level at 0.027730, it could indicate further upward momentum. Conversely, if the price drops below the support level at 0.008597, it may indicate a reversal of the bullish trend. As with any investment, it is advisable to perform additional research and consider market conditions, news events, and risk management strategies before making any trading decisions. Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves risk, and readers should exercise caution when making investment decisions.
Long
by DigitalChi
JASMY → still running!hello guys... as you can see this coin break an ascending channel and touched the next level! the last move was a sharp one and we can expect the next upward movement start from the blue area! the next target is 0.028399 ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
13
15m JASMY Squeeze into Breakout Daily and 4H trend continues to be upward. A triangle is forming as a squeeze on 15m. Placed an entry at the bottom of the 1H support that coincides with the diagonal support as well as the 200MA. Stochastic also was in oversold region with a hook up into the blue zone as a potential sign of changing momentum. MACD cross also validates this hypothesis. After entry there had been a false break/wick at the upper diagonal resistance. I’m expecting the wick as a sign of shorts’ stop losses being liquidated or triggered. This signals more potential up move after an expected follow up retracement. Volume continues to be slow but the patterns seem to support an upward move after the squeeze and bounce off support as part of normal retracement.
Long
by RWUltima