Jasmy, one of the most popular coins in Japan, has been progressing silently. First, breaking the downtrend pattern and then starting an upward move. Now, we have to see if Jasmy can break the horizontal resistance area in front of it.
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So, Jasmy couldn't break the horizontal resistance area, made a double top, and went down. Then Jasmy made a harmonic pattern, broke the minor downtrend line as well as the minor horizontal resistance area, and is going up. Let's see if Jasmy can break the first horizontal resistance area.
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Jasmy is trying to break a major horizontal resistance area; a pullback to this area is most probable. It seems, a Cup and Handle pattern might be forming. If true, a huge rise can be anticipated for Hodler. Let's see what happens.
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So, after Jamsy broke the major horizontal resistance area, it went up very well. Then correction started unfolding, and it seems it's a flat triangle pattern. Let's see when Jasmy break this pattern upward.
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So, Jasmy broke the flat triangle pattern upward, signaling continuation. Let's see what happens.
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So, it seems JASMY's correction is finished. Also, JASMY broke the correction downtrend line. Let's see what happens.
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So, JASMY made a pullback on the broken major horizontal resistance area. Also, it seems an inverted wedge pattern is formed, and JASMY made a reversal from the bottom by breaking the downtrend line. Let's see what happens.
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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.