JUPUST trade ideas
JUP: new ATH incoming?Jupiter is recently showing some signs of strength. This makes me think the token is ready for a new chapter.
The team is working hard to improve the Metis Messenger app (the 18th of february there will be an important update).
DeFi is also coming to jup and it willl be very positive cause it will let hodlers get an APY just by holding jup tokens.
Jup is an interesting project cause it's keeping its own identity even when integrating with other chains.
Price action:
-Jup is printing a beautiful bullish flag in the daily chart, this is most of the time a continuation pattern and it's normal to have a volume weakness during the formation of those types of patterns.
-A bullish flag don't last much, at least 1 to 3 weeks.
-if we break upward i expect at least a 70% run which will take jup over the old trendline broken in november.
This trendline is important cause it was held by jup price for 121 days! So we will obviously interact with it again.
fibonacci:
If we measure the fibonacci trend based extension from the beginning of the impulse to the top of it, until the bottom of it ( assuming the bottom was 0,023$), we can expect a run towards 0,13$.
Final consideration:
Jup is bullish recently and i think it can continue higher, we just need the team to continue delivering updates and the community to make their voices louder than ever!
Here for you, as always, CryptoSoap!
$JUP USDT$JUP in a big continuation triangle on htf, and first time bouncing off monthly pivot and holding above.
Really hugging the trend line, ready to break. Less depending on btc normally as kucoin gems seem to act on their own.
Bought some here, stop is around 4 % I believe.
Appreciate a like or comment 👍🏻
200-300% PRICE TARGET 🎯double bottom pattern on weekly chart
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound.
LOOK AT THE CHART TAKE TARGETS
$JUP* Low MCAP (2.7M), Low CS (%13)
* The People's Blockchain. The Jupiter Project aims to make blockchain accessible and safe for everyone. Jupiter’s military-grade encryption helps ensure that user data is private and secure. Through our elite encryption capabilities, Jupiter can power secure dApps on public and private networks based on our client’s wishes.
* Rumors of coinbase listing
4HR:
* Bullish MACD Cross
1D:
* ADX > 25
* MA50 > MA100 > MA200
* Supertrend is long
* Resting on 100 EMA