JUP / TetherUSLong
"JUP/USDT: TP1 $0.96, TP2 $1.10, Long-term $2-$5."
Analyzing the **JUP/USDT** chart, here's a detailed breakdown:
---
### **Current Market Overview**
1. **Price Action**:
- The price is trading around **$0.8348**, showing a slight recovery of **+2.64%**.
- There has been a significant downtrend from recent highs near $1.30.
2. **Key Moving Averages (MA)**:
- The 50 EMA (white), 100 EMA (yellow), and 200 EMA (gray) are acting as dynamic resistance levels.
- Price is attempting to retest the **50 EMA (0.9659)**, which coincides with TP1.
3. **CM_Ultimate MACD Indicator**:
- Bullish momentum is beginning to build, indicated by the green histogram flipping positive.
- Crossovers suggest a potential continuation of the upward movement.
4. **MACD Histogram**:
- The MACD line shows recovery momentum, but a clean bullish crossover is yet to occur.
---
Short-Term Targets
1. **TP1 (Take Profit 1)**: **$0.9659**
- A retest of the **50 EMA** and the previous strong support-turned-resistance level.
2. **TP2 (Take Profit 2)**: **$1.1064**
- Mid-term resistance aligning with previous consolidation zones.
3. **TP3 (Take Profit 3)**: **$1.3107**
- A major resistance and psychological level.
---
Long-Term Targets
- $2.00:
- This aligns with Fibonacci extension levels and historic resistance during the earlier bull market.
- $5.00:
- A significant target for bulls, requiring major market momentum and broader crypto adoption or partnership news.
---
Attractive Features for Investors
1. **Bullish Reversal Potential**:
- If the price can close above **$0.9659**, it signals a strong potential for a reversal toward **$1.10-$1.30** in the mid-term.
2. **Low Risk-High Reward Zone**:
- Current prices near **$0.83** are significantly discounted from previous highs, providing a favorable risk/reward ratio.
3. **Technical Support**:
- The **$0.79-$0.80** range acts as strong horizontal support, minimizing downside risk.
---
Strategy for Bulls
1. **Accumulation Zone**: **$0.80-$0.84**.
- Consider entering around these levels if volume and momentum increase.
2. **Stop-Loss**: **$0.75**.
- Below this, the trend might invalidate, suggesting further downside.
3. **Targets**:
- Short-term: **$0.96, $1.10**.
- Long-term: **$2.00, $3.00**.
Summary
- **Short-Term Bullish**: A breakout above the 50 EMA could lead to a rally toward $1.10 or higher.
- Long-Term Ambition: Momentum and market participation could eventually push prices toward $2-$5 in a macro bull run.
---
### **Current Market Overview**
1. **Price Action**:
- The price is trading around **$0.8348**, showing a slight recovery of **+2.64%**.
- There has been a significant downtrend from recent highs near $1.30.
2. **Key Moving Averages (MA)**:
- The 50 EMA (white), 100 EMA (yellow), and 200 EMA (gray) are acting as dynamic resistance levels.
- Price is attempting to retest the **50 EMA (0.9659)**, which coincides with TP1.
3. **CM_Ultimate MACD Indicator**:
- Bullish momentum is beginning to build, indicated by the green histogram flipping positive.
- Crossovers suggest a potential continuation of the upward movement.
4. **MACD Histogram**:
- The MACD line shows recovery momentum, but a clean bullish crossover is yet to occur.
---
Short-Term Targets
1. **TP1 (Take Profit 1)**: **$0.9659**
- A retest of the **50 EMA** and the previous strong support-turned-resistance level.
2. **TP2 (Take Profit 2)**: **$1.1064**
- Mid-term resistance aligning with previous consolidation zones.
3. **TP3 (Take Profit 3)**: **$1.3107**
- A major resistance and psychological level.
---
Long-Term Targets
- $2.00:
- This aligns with Fibonacci extension levels and historic resistance during the earlier bull market.
- $5.00:
- A significant target for bulls, requiring major market momentum and broader crypto adoption or partnership news.
---
Attractive Features for Investors
1. **Bullish Reversal Potential**:
- If the price can close above **$0.9659**, it signals a strong potential for a reversal toward **$1.10-$1.30** in the mid-term.
2. **Low Risk-High Reward Zone**:
- Current prices near **$0.83** are significantly discounted from previous highs, providing a favorable risk/reward ratio.
3. **Technical Support**:
- The **$0.79-$0.80** range acts as strong horizontal support, minimizing downside risk.
---
Strategy for Bulls
1. **Accumulation Zone**: **$0.80-$0.84**.
- Consider entering around these levels if volume and momentum increase.
2. **Stop-Loss**: **$0.75**.
- Below this, the trend might invalidate, suggesting further downside.
3. **Targets**:
- Short-term: **$0.96, $1.10**.
- Long-term: **$2.00, $3.00**.
Summary
- **Short-Term Bullish**: A breakout above the 50 EMA could lead to a rally toward $1.10 or higher.
- Long-Term Ambition: Momentum and market participation could eventually push prices toward $2-$5 in a macro bull run.
Note
TP1 HIT!
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.