JOEUSDT trade ideas
#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.
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. 🌴💪
Triple Top Joe - Quick Swing Short Entry After A FOMO PumpIn the past roughly 12 hours JOE has increased nearly 10 percent. We can see the formation of 3 tops of clear resistance for price. This quick jump in price indicates a FOMO pump from long buyers that typically ends in a pull back as those that bought in earlier dump onto those near the 3x peak seen previously. We have not seen price break our stop loss since April after a long bearish decline giving a clear stop loss if this trade goes wrong. A 3-4 percent risk for a possibly 5-7 percent reward seems very possible into the first support zone here and possibly into target 2 once we see what the market is doing.
USE A STOP LOSS HERE DO NOT BE FOOLISH. This is a slightly "lower risk" higher reward trade that may not win. I am betting on previous 'wave action' that a slight 5 percent pull back is possible here. If you do not and price action breaks resistance price action could keep rocketing upwards as people FOMO buy. Enter at your own risk as in the short time of writing this I have seen price increase and decrease by 2 percent. Good luck.
JOE SHORT SETUPHi, dear traders. how are you ? Today we have a viewpoint to SHORT/SELL the JOE symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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.
Joe aiming at 40 percent fall within short or medium term.With the look of things, it appears that this coin is beginning downward move. You must know that both dump and pump prepare themselves before eventual occurrence. In a matter of days or few weeks, Joe likely to fall and shed 40 percent downward. Please do your own research, I may be wrong.
JOE, with TP 1.111JOE has agreed on a price target range of 1.07-1.11 based on three major-to-minor trends.
Note: Observe that an interesting accumulation pattern and the liquidity line at 0.28
after JOE has completed its downtrend correction, as shown in the graph
Please be careful of the long upper/lower shadows behavior from JOE.
Trade safely!