Jasmycoin
Jasmy Weekly Hidden Bullish DivergenceSEED_DONKEYDAN_MARKET_CAP:JASMY has a confirmed hidden bullish divergence on the weekly chart. There is a also a case to be made for a double hidden bullish divergence, although the previous one may have already played out.
Hidden bullish divergences are more effective than regular divergences because they are a trend continuation signal. The hidden bullish divergence shows us that even though RSI made lower lows, the price held the gains made in previous sessions (higher lows). In other words: RSI has reset to lower levels, while price is higher, which means the RSI has more room to run up from a higher starting price point.
Looking at the broader market, we can say that crypto is still in a bullish uptrend, which only adds to this signal's strength.
As a general rule of thumb; the longer the timeframe, the more significant the signal. The weekly timeframe is a LONG timeframe, so this confirmed hidden bullish divergence for #JASMYUSD can be considered as a very strong signal to go long or to add to your long-term spot positions.
Furthermore, there is a case to be made for a clear corrective A-B-C structure since the recent highs around $0.044. If this is the case, than expect #JASMY to run hard and fast once the market regains strength.
Is JASMY done? Taking a look at the daily chart, we see JASMY has been in a down trend (lower highs and lower lows) since the beginning of June falling back into this consolidation range where it was bound for 3 months during February - May. The fact that price has made a complete retracement of the breakout and back into the old consolidation channel, testing its low, is not a good sign to me.
The yellow lines on the chart represent the consolidation's boundaries with the top acting as strong resistance and the bottom now acting as strong support again. There's an intermediate level that acts as support/resistance around the .021 area.
The selloff on Monday, August 5th had substantial volume (last time we had that high of a volume was in February) which indicates to me that a large amount of coins were sold that day and people were taking their profits or getting out of their positions.
Moving forward, I would expect price to be bound within the range of this consolidation channel and if it breaks below it, the next support zone I see is around .012 - .013.
If price makes its way down to .015 - .016 again and consolidates there, it could be a great opportunity for a long position as that level is extremely strong. But, I need more data supporting that thesis before considering an actual entry.
Good luck to you all.
JASMY/USDT NEW INCREASE VOLUMEJASMY/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
Urgent Update on #JASMYUSDT: Is a Major Move Coming Ahead? Yello Paradisers! #JASMYUSDT is making some interesting moves after its breakout from a descending channel. Let's analyze #JASMY and find out what's next:
💎#JASMYUSDT has broken free from its longstanding descending channel, signaling a potential upward trajectory. After navigating within this channel for a considerable period, #JasmyCoin has successfully breached it and is now coming to retest its upper boundary.
💎The key resistance level at $0.0228 has now flipped into crucial support. This level is pivotal as it has been respected multiple times in the past. If #JASMYUSDT can maintain its momentum above $0.0228, there's a strong possibility of a sharp upward move.
💎However, the scenario changes drastically if the price falls below the $0.0228 support level. In this case, the focus shifts to the next support zone at $0.019 - $0.0205, where a bullish rebound could potentially occur.
💎While it might be tempting for some to short at this point, it's crucial to maintain a broader perspective and wait for confirmation from price action. A break below the $0.0192 support will likely trigger a significant downward move, leading to further price decline.
Be smart, Paradisers! The market rewards those who are prepared and stay focused on their long-term goals.
MyCryptoParadise
iFeel the success🌴
JASMY (JASMY)Threading the needle. Topside, Bottomside, somewhere inbetween. The line appears to make sense. My screen shifts due to TradingView not recognizing the resolution of my screen while creating the lines on the graph. The line should touch both crossing points and draw a straight line in the direction of those points.
#JASMY/USDT#JASMY
Our price is moving downwards on a 4-hour frame and is about to break through to the upside in 3 stages
We have a bounce from the lower border of the channel from the green support area at 0.02200
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up
Entry price is 0.02350
The first target is 0.02600
The second target is 0.03000
The third goal is 0.03300
#JASMYUSDT #4h (Binance Futures) Descending channel breakoutJasmyCoin formed a bull flag and is pulling back to 100EMA support, looks good for bullish continuation especially after that previous hammer.
⚡️⚡️ #JASMY/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 6.1%
Current Price:
0.035194
Entry Targets:
1) 0.035153
Take-Profit Targets:
1) 0.046679
Stop Targets:
1) 0.029376
Published By: @Zblaba
CRYPTOCAP:JASMY BINANCE:JASMYUSDT.P #JasmyCoin #IoT jasmy.co.jp
Risk/Reward= 1:2.0
Expected Profit= +98.4%
Possible Loss= -49.3%
Estimated Gaintime= 1 week
JASMY (JASMY)In trying to understand how to use this indicator, I think the unconnected lines going down show where there are support lines, and the disconnected lines going up represent support lines for support and resistance type observations. I placed the lines on the graph according to the indicator with green being resistance lines and the red line being support.
JASMY Idea - Update for bullish trendHere's the rewritten text in a friendly tone:
Hey Traders! I noticed something interesting on the JASMYUSDT chart.
The price bumped up against the 30 and 60-moving averages on the 4-hour timeframe, which can sometimes act as a bit of a hurdle. But things are looking positive! There's more trading happening in the crypto market lately, especially with altcoins, and other coins are on the rise too. This overall positive sentiment, along with the technical stuff on the chart, suggests JASMYUSDT could be due for a climb. Just like we're seeing with other cryptocurrencies!
Here's the exciting part: If the price on the 30-minute chart breaks above the recent high and crosses above both the 30 and 60-moving averages in 30-Min and 15-Min charts, that could be a good sign for a buying opportunity.
Targets:
$0.04020 and $0.04200
#JASMY/USDT#JASMY
We have a bearish channel pattern on a 2-day frame, within which the price moves and adheres to its limits well
We have a green support area at 0.01500 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 0.02000
The first target is 0.02400
The second goal is 0.02660
The third goal is 0.03000
JASMY IdeaIf the price does not breaking the bottom of the channel, (due to the end of the fifth wave in the 4-hour chart), then after hitting the bottom of the channel as well as hitting the 30-MA. there is possibility to return to top of the channel.
Pay attention: that the closing of the ascending candlestick inside the chanel, and then, passaging the next ascending candle above the highest price of the closed candle, is a buy signal.
Jasmycoin #JASMY Double Bottom, W pattern on verge of breakout.#Jasmy is mooning today. And is about to clear a key technical level. In what appears to be a W pattern / double bottom. Some analysts are calling for large price targets on this coin in the bull run. And indeed it may go on to reach those dizzying heights that it achieved last Bull Run. My inclination of any Altcoin that has been exposed to a previous crypto cycle, is to temper expectations and generally hope it can reclaim 0.618 fib retracements. With that being said I have not done any fundamental research on this coin. Much like many of the coins I highlight. I just look for good charts and have been hammering the need to accumulate, accumulate, accumulate for over a year now. That work should have been done. i.e. your bags should have been packed. And of the worse mistakes you can do now. Is flip flop, between your altcoins, as you see one moon whilst the other does nothing. This is a sure fire way to screw up this Bull cycle. Only if you have made money on a big cap coin, should u think of rotating. Otherwise stick to what you have.