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JASMY / UST

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JASMYUST trade ideas

JASMY/USDT WCA - Cup and Handle Reversal PatternHello and thank you for taking the time to read my post. Today, we analyze the chart of JASMY/USDT on the weekly scale, focusing on an interesting price pattern known as the "Cup and Handle Pattern." This pattern suggests that JASMY/USDT could be signaling a potential bottoming and reversal after a downtrend. Cup and Handle Pattern: The cup and handle pattern is a bullish continuation or reversal pattern that occurs in both uptrends and downtrends. It is characterized by a rounded bottom, called the "cup," followed by a smaller consolidation, called the "handle." The pattern is completed by a horizontal line, known as the breakout level, which connects the high points of the handle. In a nutshell, the formation of the cup and handle pattern signals a potential continuation or reversal of the current trend. Analysis: Since 20/11/2021, JASMY/USDT has undoubtedly been in a downtrend. However, the cup and handle pattern on the chart could indicate a potential bottoming signal and reversal of the downtrend. As classical chart analysts, we can immediately recognize this pattern, with the rounded bottom forming the "cup" and the smaller consolidation forming the "handle." A horizontal line at 0.007931 serves as our breakout level, which we want to see surpassed. It's important to note that the 50 EMA is still far from signaling a bullish environment. Therefore, it is crucial to carefully study and observe the price pattern. However, if a breakout occurs above the horizontal line, we can expect a price increase of approximately 65%. Conclusion: The JASMY/USDT chart analysis highlights the cup and handle pattern as a potential bottoming signal and reversal of the ongoing downtrend. Traders should closely monitor this pattern and the breakout level for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
7
JASMYUSDT inverse head and shouldersJASMYUSDT broke through a dynamic resistance level, indicating that buyers have gained control of the market. However, before a new bullish impulse can occur, it is likely that the price will retest a Fibonacci level, which is a technical analysis tool used to identify potential support and resistance levels based on the Fibonacci sequence. This retest would serve as a confirmation of the breakout and give traders an opportunity to enter long positions at a lower price point. According to Plancton's rules, a well-known trading strategy, traders should consider going long on JASMYUSDT after the price successfully retests the Fibonacci level and reaches a static 4-hour resistance level. n summary, JASMYUSDT has broken through a dynamic resistance level, and traders should be on the lookout for a potential retest of the Fibonacci level before a new bullish impulse. Following Plancton's rules, a long position may be considered once the price reaches a static 4-hour resistance level.
by InkyGrip
2
JASMYUSDT → Attempted breakthrough. A chance of success JASMYUSDT forms another retest of the strong resistance line. If the daily candlestick closes in the green zone, the growth is likely to continue with the subsequent achievement of our goals. The previous attempt to break through the resistance resulted in the retest to the strong support at 0.005742. If you pay attention to the forcing support, we can assume that the whales were actively gaining liquidity in these areas. Another retest of resistance is formed (counter-trend movement) and there is an attempt to break through the resistance. Strong support: 0.00675 and 0.00574. Strong resistance: descending line (channel boundary), level 0.008325 . I expect that this time the breakout attempt may be successful. Consolidation of the price above the resistance will form bullish potential with further growth to 0.008325 and 0.01200 Regards R. Linda!
Long
by RLinda
23
Crypto Jasmy (Will it go higher?) View On JASMYUSDT (18 Apr 2023) JASMYUSD is in * Bullish in short term (Intraweek) * Bullish in Mid term (1 to 3 months) * Neutral in Long term (3 months onward) We are seeing strong Bullish conditions start to emerge and soon it shall reach 0.007. The next ultimate resistant will be the region of 0.0075~0.008. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by SonicDeejay