Key Support and Resistance Levels:
- Immediate Support: $0.024512
- Primary Support: $0.014300
- Immediate Resistance: $0.045934
- Primary Resistance: $0.068500
Trend Analysis:
The price has experienced a strong upward movement, breaking past the $0.035000 resistance level. The current price of $0.039087 indicates a bullish trend, reinforced by the recent upward trajectory.
Indicator Analysis:
- Stochastic RSI: Currently at 65.31 and 39.42, indicating the price is in a bullish zone but not yet overbought, suggesting potential for further upward movement.
- CVD (Cumulative Volume Delta): Shows a positive volume trend of 102.706M, supporting the bullish momentum.
Potential Price Targets:
- Short-Term Target: The immediate resistance at $0.045934, if broken, could lead to the next target at $0.068500.
- Long-Term Target: Should the bullish momentum continue, the price might aim for higher resistance levels beyond $0.068500.
Strategic Outlook:
The breakout above $0.035000 suggests a bullish sentiment. Traders should watch the $0.045934 resistance closely, as a breach could propel the price towards $0.068500. Conversely, a pullback might find support at $0.024512 or lower at $0.014300.
Conclusion:
The JASMY/USDT chart signals a robust bullish trend with significant potential for further gains. Key resistance levels are crucial to watch for potential breakouts, while support levels provide downside protection.
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.
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.