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Jasmy Coin Update! Inside a larger Triangle. Could be til Dec. 8Quick update for those of you asking: Yes, Jasmy did break up and out of the first triangle/channel. You will notice this price action on the 4 hour chart here in correlation with our RSI. Some were expecting a bigger movement. Keep in mind though that not only is crypto in an overall short-term drawback phase of sorts, but also, the broader market sentiment is spilling over into our crypto markets. That being said, the 4 hr. chart shows us that we could actually go all the way to December the 8th before moving outside of this second triangle. Patience is key here. I have outlined the potential price movement should we remain in the triangle till around the Dec. 6-8th time frame. Keep in mind, we still could also drop from here. Be careful in this market. Have your stops set. Best of luck traders! - Stew
COINBASE:JASMYUSDLong
by stewdamus
20
STORGUSDT LongGlobal trend is drowth on the different timeframes. Nearest support line is local growing trend. Moreover there are two big support lines on $1.3262 and $1.2348. The resistance line is $2.2601. Local resisance trend penetration finished and now is a good point to open long positons. The target price is $2.2500 a little bit behind nerest resistance on $2.2601. Position oppening at the current price $1.6000. Investment horizont ~ 1.5 weeks. In the negative scenario stop limit price should be under the local growing trend ~ $1.5000. Potencial loss ~ 7%. Potencial profit ~ 40%. Profit/loss ratio is around 6:1.
Long
by morozdm00
What happens in BTTUSDT ? ? ?Hello As shown in the chart. First, we have a pillar, which is the yellow resistance, which I do not expect to reach, because we successfully broke the orange and green resistance on March 20, 2021, and I was one of the analysts who would benefit from this rise, but I did not sell until the hour. After that, you will be our bullish pennant. I want to explain to you what is the meaning of pennant from the original: Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. -N° 1 : When Bullish pennant formed for us, it rose but was unable to break the violet resistance and formed the graph shown in N°2 -N°2 : which is Bearish pennant, which means a strong descent, which led to breaking the red resistance, which was very strong, and then breaking the green resistance with ease. But he was not able to break the orange resistance, which formed us a slanted ascending resistance, and this is a positive thing, as he tried to test the red resistance twice, but failed and returned to the upward slanted resistance. As for myself, I have not sold since April 1, 2021, but with this analysis I will repurchase because I notice a strong accumulation and an opportunity to buy. I hope that my analysis is clear and the explanation is clear. If you have any question, put it in the comment, and do not forget to support my channel and subscribe. Thank you ♥️
BLong
by ELHABARSAAD
2