Another Alt breaks on the weeklyJASMYUS is the second alt to make a significant break on the weekly.
There are some really nice defi charts that have gotten completely crushed. This is the first one I have noticed with decent trading volume to make a risk conscious break... others could soon follow (DAPPT, POWR, IDEX, SUKU). The best case scenario is for BTC to break last week's highs... that will give crypto some much needed fuel to push out of these ultra depressed levels.
Much like the Tezos (XTZ) from last week, this is a great place to buy JASMYUS for the long term... plus has enormous potential to make huge trade to take a little out for 80%+ limiting your overall downside and hold the rest for the long term.
JASMYPERP trade ideas
Abraca-Jasmy Jasmy could be looking to reclaim some lost territory in the short-term. Volume showing clear demand predominance as supply shrinks in the intra-channel pullbacks. Let's see where it goes. I wouldn't hold past 2.0%, being still in a BTC countertrend. It's like climbing a house of paper cards; take the money and run before the windstorm comes.
*If you like making money on swings, be sure to subscribe for more dynamic & easy-to-follow Wyckoff/ VSA charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all my runners after conducting a series of careful volume spread reads. Not all of them win, but trading is a numbers game and the winners more than compensate for the losers. Check out my past charts and observe the win rates for yourself, then follow me and see that I'm all about making money; it's the only reason I'm here -- and I want you to make money too! (Because it makes me look good ;)
**Not financial advice. Please DYOR and trade at your own risk.
JASMY 1h shortSetup: Jasmy is getting rejected off its POC, showing bearishness. Furthermore, looking at the 4h and daily chart, it shows confluence of JASMY on a downtrend, making this a good trade
Entry: 0.01183
SL: Trail using SAR at 0.013815( also above recent swing high, adding confluence)
TP: 0.0088
JASMY Elliott Wave 2 in PlayWill confirm if the the current retracement can withhold the "2nd level" support as indicated in my chart.
A new impulse would then be predicted to reach .382 on the Fib before another correction.
Just my opinion after careful analysis of the last pump and following Retracements.
JASMY +40% or -40%, what do you think?Today we saw a significant dip in the market, and there are lots of opportunities for the bulls to buy for those who are bullish on Crypto. I will later today post overall market analysis. In the meantime, I want to share this opportunity I found with JASMY. I believe JASMY is likely to go up 40% than down by 40% over the next few days.
Here is my support for this idea, and it's straightforward. Almost all altcoins made a new lower low and erased all of their gains in the past week. However, JASMY didnโt and only erased about half of its gains. Itโs sitting at support, and there is a possibility of it holding. If the cryptos turn, JASMY will use this bullish strength to build up high momentum to gain 40%.
As for targets, I think we can expect all coins to be highly volatile in the short term. I think you would agree that in the long-term, itโs highly likely for JASMY to go up 40% than going down 40%. How about for the short term? I believe we will see at least a short-term bullish wave next and if itโs confirmed, we will see JASMY quickly gain 10% from here.
Cast your vote by replying:โจ
(A) +40%
(B) -40%
(a) + 10%
(b) -10%
Jasmy: long or short?Jasmy, after the ittle divergence, is respecting the TL2. Waiting for convalidation of price action pattern and then i will open a long positon (always be careful to the volume).
A close stop loss will be setted under the TL2 (trend line faster then TL1 45ยฐ and it means that there could be at least a last pump in my opinion).
Wait the closing of the candle.
At the moment the TL2 still works.
TL1 is the primary trendline.
Target price:
0,0295-0,03
JASMY: Elliot Wave Theory Confirmation Chart
This 1-day chart shows the Elliot Wave Theory with Fibonacci Extension Levels as well as charted support and resistance lines.
March 8th, 2022 to March 19th, 2022 represents the first motive wave in the Elliot Wave Theory.
March 19th, 2022 to April 18th 2022 represents the second motive wave
Utilizing Bollinger Bands I recorded a breakout over the 20 day moving average starting from the price .0173 to .0260.
This breakout is supported by continued strength of the RSI indicator on the 1-day chart as well as a convergence of the 4-hour chart on the MACD indicator.
I believe this breakout over the 20 day moving average, with the support of its strong RSI and MACD convergence, is a clear indication of the beginning of the third wave of the Elliot Wave Theory.
The first and second waves of the Elliot Wave Theory have been legitimized by the clear Impulse sub waves located from prices .0104 to .0264(first wave) and then from .0446 to .0172(second wave). I didn't chart it because I got lazy lol but they're there.
My entry point was .0263 and my exit point will be determined upon completion of third wave.
Fib Extension Levels are colored grey on this chart.
Support and resistance levels are colored yellow.
Elliot Wave Theory Waves are colored pink.
P.s. This is my first official chart so if you guys have anything to say I'm all ears. I'd love some feedback and constructive criticism if you guys or gals have some advice.
Thanks for reading-Jack19992
JASMY BIG DECISION POINTHere is what I see going on with Jasmy:
1) The green zone of support has held which is a good thing. When we broke above it to the upside in the past and retested it, we had a 200% move to the upside. With that being said, even if we see half of that it could very well move us to 3.5 cents around where the .618 fib lies
2) The bullish rsi divergence on the 4hourly is playing out. This with the combination of the zone of support is a great thing in my opnion.
3) The EMA ribbon is flipping green, another good sign.
4) We are currently encountering some strong resistance on the 4 hourly, coming from the ichimoku cloud as well as the 200 ema. We have held pretty steady at the 200 ema so we could break it to the upside soon.
5) The ichimoku cloud is relatively wide here so it could put up a fight. The ichimoku cloud on the 4hr is also lining up with the red EMA spread on the daily, which isnt great considering we are trading below it right now.
6) I have outlined both bullish (1) and bearish (2) scenarios I could see playing out.
This is not financial advice and as always do your own research before entering the market.
Minutes after this morning's video Jasmy pumped. Now the TargetsTraders,
Minutes after I release my video update this morning Jasmy pumped. Currently, it is up over 17%. So now, we need to start thinking about where we should sell. I see several good fairly conservative targets in site:
1. The 50 day ma at .0252
2. A level of resistance at .031
3. The 100 day ma at .034
Could it go higher? Sure. Of course. But at this point, higher targets on this trade are much less likely and therefore, I will probably be almost completely out at the 100 day ma on this trade and close out. I will look for a new opportunity/setup thereafter.
Best to you all!
-Stewdam.us
JASMY correction complete? or at least due for a good bounce JASMY recently topped exactly where we expected.
Now it looks to have completed a viable ABC retrace.
Even if not "the bottom", expect a decent bounce soon.
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
.
Jasmy could be ready to go again very soon! Here's why.Traders,
Now that Jasmy has hurdled to the top side of our descending purple trendline, I have become interested again. I am watching closely and believe price suppression is no longer as huge a factor as it once was. In fact, the wallet that I have been tracking in all of my videos is now almost zeroed out! A good sign to be sure. But even more significant is the fact that Jasmy now seems to be adhering to proper technical analysis trends and patterns again. So, here is what I see in the near future for old Jasmy coin.
Best to you all!
- Stew
โ๏ธ ๐ Useful Links ๐ โ๏ธ
(see below)
jasmyFor a pattern or an existing one, now it is in the B region, it is sitting, fluctuating from it, it closes below, the Al-Bat pattern activates, the candle of the market maker activates the second pattern.
I see a second pattern, AB=CD, targeting the resistance 0.071, but on the condition that it does not break 0.028, and it has a resistance of 0.035, watch the liquidity and you will understand what I say
JASMY to drop more, potential 10+% drop possible ๐ป ๐After my last incorrect signal on JASMY, I've corrected my algorithm. The price is expected to continue falling for JASMY. At this time, it's difficult for me to issue a target for the drop. I definitely would not be going long at this time. The selling pressure is very high, and I see heavy selling momentum. We are witnessing a similar triangle to what I mentioned regarding ETCUSD. The pressure is on, and I'm confident that the bears will win in this battle.