Lately, I've seen many posts and comments from people who were disappointed with JASMY's performance. "It's a shitcoin," "Will go to zero," "It'll never pump," etc. — these are just a few (and polite) examples of comments you can read.
I understand that people if they bought the top, are disappointed when a token dips like 50% (as JASMY did lately). However, overall, JASMY is doing super well and still has enormous potential from a chart and technical indicator point-of-view.
So, let's get some things straight:
➡️ Between January and June, JASMY pumped almost 800%. That's an incredible performance.
➡️ JASMY corrected sharply after each pump — which, by the way, is healthy.
➡️ Except for a few days, JASMY respected the overall support and resistance areas, and there hasn't been a risk of more downside potential or a bearish trend.
➡️ JASMY has been trading nicely above the EMA200 since the beginning of the year.
What's Next 👇
From my perspective, JASMY's chart looks quite bullish. Although it is not a playbook inverse head-and-shoulders pattern, we can clearly see a neckline (0.032) formed by two smaller and bigger dips. Additionally, the average volume has been constantly decreasing—exactly what you want to see in such a pattern.
In order for the pattern to play out, JASMY needs a strong volume influx, pushing it above the neckline. If this happens, we should quickly see it reconquering 0.04 as the next resistance.
In the mid-term, I stand with my prediction: 0.067 is the target!
I understand that people if they bought the top, are disappointed when a token dips like 50% (as JASMY did lately). However, overall, JASMY is doing super well and still has enormous potential from a chart and technical indicator point-of-view.
So, let's get some things straight:
➡️ Between January and June, JASMY pumped almost 800%. That's an incredible performance.
➡️ JASMY corrected sharply after each pump — which, by the way, is healthy.
➡️ Except for a few days, JASMY respected the overall support and resistance areas, and there hasn't been a risk of more downside potential or a bearish trend.
➡️ JASMY has been trading nicely above the EMA200 since the beginning of the year.
What's Next 👇
From my perspective, JASMY's chart looks quite bullish. Although it is not a playbook inverse head-and-shoulders pattern, we can clearly see a neckline (0.032) formed by two smaller and bigger dips. Additionally, the average volume has been constantly decreasing—exactly what you want to see in such a pattern.
In order for the pattern to play out, JASMY needs a strong volume influx, pushing it above the neckline. If this happens, we should quickly see it reconquering 0.04 as the next resistance.
In the mid-term, I stand with my prediction: 0.067 is the target!
I'm Ben. Crypto lover, trader, and coder.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.