Taking a look at the daily chart, we see JASMY has been in a down trend (lower highs and lower lows) since the beginning of June falling back into this consolidation range where it was bound for 3 months during February - May. The fact that price has made a complete retracement of the breakout and back into the old consolidation channel, testing its low, is not a...
As you can see on the daily chart, dogecoin is trending downwards in this channel. Buyers seem unable to break above .12800 resistance at the moment.
If price breaks below the support line, I will wait to see how price reacts to the potential buy zone for a long position/dead cat bounce.
If price retests the support line and doesn't break it, I might enter...
As you can see on the daily chart, JASMY is continuing its way down. It looks like an inverted cup and handle with current price breaking below the handle and retesting it.
If further downside occurs, I will expect price to trade within the marked Potential Buy Zone which happens to be around the top of the previous consolidation's range.
I will continue to...
Looking at BTC on the daily chart, we see price is moving downward within this channel. Buyers are currently unable to make a sustained break through of the ~$62,000 resistance level.
If price continues its downward movement, I will be looking for opportunities within the marked potential buy zone.
If price breaks above the channel, I will wait for confirmation...
Taking a look at JASMY on the daily chart we see an inverted cup & handle pattern forming. As of right now price is starting to break below the handle.
Be cautious as price can move further downward to the potential buy zone.
What are your thoughts about JASMY?
