JASMYUSDT.P trade ideas
$JASMY - Where next?
This was the original Idea. Now that we have a bit more PA to work for, we can try to establish new targets for this wave structure (which I've highlighted in the box).
I,m still not 100% clear on the waves here, but assuming higher degree wave 3 is already in, we can elaborate maybe an extended 5th to the 3.618 fib range.
Safe trades, don't forget to take profits along the way.
JASMY/USDTWill go long in case of a pullback or a clear brake with above average volume , generally i like to wait for a retest of the trendline but sometimes thats just not possible. Target is the upper trendline of the wedge that was drawn on de 1h timeframe. The long forecast is just in indication of where i want to enter the position, not the exact Entry, TP and SL. If i open the trade I will update idea.
JASMY uptrend ideas - 018, 022, 025
I guess the reason for the money flow comes from the latest AMA - the team is promising a ton of stuff but I'm not following news on this, I just like the chart.
At the moment the weekly chart is flattening and the candles are lingering above bollinger bands indicating it may keep pumping or drop quickly to some support. Assuming jasmy keeps the upthrust 18 22 and 25 are my entry targets, though mostly hoping for 25 that gets retested. 7-10% stop losses.
A LOT of upside on this one..Credit to Castillo Trading for this find..
34EMA on daily has rejected each pump and the 8EMA has been holding price down most of the way. Currently trending up and pushing 34EMA. Daily close above could offer upside to 89EMA, 100%+ move. Longer hold for sure, but I like the upside.
Also note the volume spikes at 34EMA when rejected so a push through would be note worthy.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. Never use just 1 indicator for confirmation.
7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Price Action greater than Indicators/Fractals/MAs
10. Horizontals greater than Diagonals
Please Note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
JASMY/USDTI will trade the smalle pattern within the wedge on the 15 minute chart and the wedge on the 1h chart. If the smaller triangle breaks to the upside I will go long and set TP at the upper trendline of the wedge, if the triangle breaks to the downside I will wait and go long at the lower trendline of the wedge with a stop loss just below it.
Handle Formation?If my hypothesis is correct then the "Handle" of a cup and handle is forming. that being said the Jasmy chart looks as if it is forming the "inverse Cup & Handle" which is the same thing upside-down, or 1/cup of handle for math inclined folks. A realistic finishing move for the end of Handle would be around .08 cents which, if played correctly, can be a profitable move. We will see. More to follow but open to hearing refutable ideas
Cup-O-JasmyJust an idea, not super confident with it; however, it would appear that the inverse Jasmy (crypto) chart looks like a cup and handle. It's messy but the cartoon will do it justice. Around .08 cents is a reasonable short term target, then, hopefully way down to .008 for the inevitable long and prolonged bear market. Also, if my wave counts are correct... Today March 14th, 2022 5:41 pm PST, we are in a initial 3rd wave to the upside with a corrective 4th wave to follow. A impulsive 5th wave of shorter length to the upside will complete the first phase of this bull rally, and a ABC correction will follow in a perfect world. If this does play out, then around .031 would be a reasonable target.
Jasmy will stop dropping!Jasmy looks like it will never ever stop dropping... it looks like it literally died and will forever be forgotten as it keeps dipping with 0 signs of recovery. Well, I got some signs of a recovery here! As you can see, jasmy has been in this downtrend channel since start of february and it looks like it is about to break it in 2 minutes once the daily closes and also another sign is the volume increasing. Yes, the volume is red but still volume is bullish especially if you look it in this way that the red volume means people are about to run out of jasmy to sell. Thats what i believe. JASMY IS VERY RISKY TO TRADE BUT PERSONALLY HIGH RISK = HIGH REWARD SO IM GOING IN ON JASMY. JASMY TO $1 AND ABOVE LETS GOOOOO