JasmyCoin Chart AnalysisThe thing about the altcoins vs USD/USDT is that most of them move just like Bitcoin and this is the case with JasmyCoin (JASMYUSDT).
I am doing this analysis on the request of @Jay3000, a precious follower of ours.
So, the chart is the same as Bitcoin.
Peak/All-Time High in November 2021 followed by a major downtrend.
Lower low with lower highs.
There is just one question possible here, is the downtrend over?
Is the bear market over?
Impossible to figure out from the chart.
We only know after the bottom is in.
We can only know when the bottom is in/confirmed when the downtrend is broken.
As long as the downtrend remains active, our bias remains with the trend.
We can expect lower prices until the downtrend ends.
What to expect?
It is likely we see another major drop as the bear market climax or the bottom can... This is just guessing ...
Here is what the chart says:
- Above $0.0065, the bulls can move ahead.
- Any trading below this level and the bear market hasn't end.
I hope that helps.
Namaste.
Jasmycoin
✴️ JasmyCoin Update by Request (350% Profits Potential)I see your interest in this altcoin pair and acknowledge it, so here is the update as requested.
We look at the chart fresh/new, even though the last trade idea was good.
We have the major downtrend taking place for JasmyCoin (JASMYUSDT) since November 2021, here we are looking at it since March 2022.
Since March 2022 a long-term bullish divergence has been building up on the RSI.
A stronger bullish divergence came in again from October 2022 vs the current December 2022 low.
JASMYUSDT hit a strong lower low between these two dates while the RSI hit a strong higher low.
So the yellow cup on the chart is the 'liquidity hunt'/stop-loss hunt move by the market.
A new low is hit but prices quickly recover and this is marked with a bullish divergence on the RSI, which confirms that JasmyCoin is not due to go lower but instead the market was looking for needed liquidity.
Now that this has been taken care of, the trend can change... Or so the signals are saying.
We have a very strong RSI at 60.
A strong RSI near support/low prices is a heavy signal, it is worth a lot.
JASMYUSDT is also now trading above EMA50, another very strong signal.
And the major down-trendline here marked as a falling wedge pattern has also been broken.
All this opens the door to higher prices.
Knowing this, reading these signals one would be tempted to take action.
Here is how a professional or experienced trader would go about using this information:
1) Buy with a bullish bias (anticipating prices will grow).
The targets are on the chart, if it grows then sell according to his/her own system/strategy.
2) Control risk/define risk.
A short-term stop-loss can be used around 0.00335.
(If prices move and close below this level, close the trade).
A stronger stop-loss can be used around 0.00273.
(If prices move and close below this level, close the trade).
This experienced trader did the job.
He bought with the right signals and defined his risk in case things go wrong.
If there is a bullish follow up, then we are green and the rest is to enjoy the ride on the way up.
This is not financial advise.
I am sharing my experience, views and opinion.. Initial, I was just reading the chart.
Thank you for your continued support.
Namaste.
JASMY/USDT | looks Bullish here..!!
#JASMY Looks Bullish here..🏄♂️
Finally, Falling Wedge Breakout has Confirmed in Daily timeframe Chart..
RSI is Printing Bullish Divergence.
Pretty Decent Buying Volume Coming in..
Grab Some with Low Risk & Hold with Patience..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
viewpoint Short For JASMYHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the JASMY symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
How low could jasmy go for it's ATL?What btc does so does jasmy but %50+ more moves. You can see buy the comparisons since dilution isn't involved hardly now for jasmy now. So retail may start to capitulate thinking because dilution was over we was going to the moon.... Well not quite yet..
We still waiting for data lockers to be set up for business to invest in for customer data which network effect should be the main driver of price rise in future.
Alot of reports on CT that btc going to hit around 10k. IMO majority thinking that low price for btc would uslay be wrong, we would with drop further to make the bears sell to try to get better prices or we may hit just above 11k+ while bears holding off buying thinking we going lower. From current btc price to 11k+ it's about 33% drop. Now jasmy would problem drop 66%+ so be maybe around or just under 0.001. Best part about that is btc dominance is starting to rise could could even be lower for jasmy than that and create a awesome buying opportunity for for jasmy if you believe in the KPI price longer term;););) Sorry for the long explanation but hope that maybe have some use for anyone interested :)
JASMY | PUMP will be EPIC..!!
#JASMY Seems like Bottomed out & Ready to Bounce 🚀
- Massive Falling Wedge Formation in 1D TF.
- Whales have been Accumulating.
- RSI is Printing Bullish Divergence.
In Case of Wedge Upside Breakout, PUMP will be EPIC.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
🏆JASMY WILL EXPLODE AFTER SONY AND TARGET 1 USD 2024We are years into the crypto world and have seen many trends from bull trends crash trends IPO and anyone that did make a start before 2016
know how much it's important to have a working product. manny IPO just has a plan with no product.
JASMY has a working product and it's building huge on it.
He has the best connections by SONY as nobody. he was the Former President and COO of Sony Corporation, President and COO of US Sony.
When the new Playstation will start to build with the support of JASMY know that the price of JASMY will be not more add about cents but will increase to levels.
When we study the project we see already products on market as secure PC, working on web 3. and they are working on a healthcare reward system.
Until now there are still no updates, as CFO says soon he will add updates as said on discord AMA.
This update shows only that SONY can moon this coin to very high targets. ( they can make a reward system, and even much more into the software with JASMY coin)
ours expecting for Jasmy 1 USD in 2024, but it's also possible before.
Depending on the price actions we see now, it's just very normal that there are some recovery trends, as long whales are building positions it's good.
we follow the last trends from the team of JASMY and when there are updates we will add them.
The reward system is also a very smart idea from JASMY. ( coming soon)
Do always study.
🟢 JASMYUSDT - 1D (16.10.2022)🟢 JASMYUSDT
TF: 1D
Side: Long
Pattern: Falling Wedge
SL: $0.00481
TP 1: $0.00657
TP 2: $0.00766
TP 3: $0.00854
It's been falling for a long time, I think this could be the turning point for JASMY.
Strong reaction here and HTF RSIs look bottomed to possibly support the move up.
MACD also supports.
JASMYHELLO GUYS THIS MY IDEA 💡ABOUT JASMY is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
jasmy coin buying opportunity.?jasmy usdt 4h time frame update.
i am watching jasmy token from last week.
aftre broking its strong support at 0.008$ its dump free fall and currently trade at 0.005$ .
bounce back expected from this level if it not bounce back from her then next good buying point is below from its local support at 0.0045$.
if you add this token in your portfolio then possible you make good profite in comming days... as everyone now that its a meme project so invest low amount like use only 2% 3% of your portfolio.
before follow me must do your own resaerch....
i expect in coming days 30%-50%-100% pump expected under this project.
follow me for more updates
jazakallah
The Rise And Fall Of Jasmy - 200 Million More Coins Added TodayWhether we trade daily, weekly or monthly then Jasmy dilution is a serious concern. Why?
Because dilution seriously affects price action movement and stretches the trading timeline.
Image a piece of string. The more you lengthen that piece of string, the slacker it becomes.
That's exactly what happens with dilution. The price become slack. The speed or progression of price movement slows down drastically.
The trading timeline can only recover once the slack is taken up.
Current estimates suggest that a minimum of 200 Million Jasmy are being put into circulation every month!
This is stopping Jasmy from gaining traction and growing at a normal rate.
Why should this concern traders?
Because the success of day, week and monthly trading of Jasmy is now totally unpredictable. It is based solely on the frequency and amount of Jasmy that is diluted.
It is like playing a rigged card or roulette table. Trading diluted crypto cannot be based on science anymore. Instead the odds are now stacked in the favor of the holders of Jasmy,
For this reason I hate dilution, and this is why I only trade crypto whose total supply is in circulation.
Jasmy - The Sad Effect Of DilutionI love the Jasmy coin.
But the painful truth is that it has just been diluted again today by 200 Million.
Whilst the owners of Jasmy may have a long term plan, dilution sucks for day traders and short term traders.
Why?
Think of a piece of string. The more string that is released the longer and slacker it becomes.
Dilution drastically changes the behaviour of price movement . In turn this affects the time it takes to make a successful trade.
If you are trading long and are happy to wait months or years for the complete dilution process to take place, then I wish you well.
For the rest of us, who are waiting to make money on Jasmy in the short term, then I think we need to reconsider our options.