JasmyCoin / Tether forum
JASMYUSDT updated Analysis for JASMY/USDT Based on the Latest Chart
Current Market Context:
Current Price: 0.02161 USDT, showing a slight decline of -1.64%.
Timeframe: 30-minute chart, focusing on recent price consolidation.
Technical Analysis:
Price Action:
The price is consolidating within a symmetrical triangle pattern, defined by converging trendlines.
Lower Highs: The price is forming lower highs, indicating reduced bullish momentum.
Higher Lows: The price is forming higher lows, showing sustained buying pressure at key levels.
Volume Analysis:
Volume appears to be declining during the triangle formation, which is typical as traders wait for a breakout. A breakout accompanied by a surge in volume will confirm the next move.
Support and Resistance Levels:
Resistance: The upper boundary of the triangle at 0.02300 - 0.02400 remains the key resistance area. Breaking above this could lead to a significant bullish run.
Support: The lower boundary of the triangle around 0.02100 acts as a key support zone. A breakdown below this level could lead to further selling pressure.
Critical Support: If 0.02100 breaks, the next support lies near 0.01850 - 0.01900.
Pattern Analysis:
Symmetrical Triangle:
This pattern suggests a period of indecision in the market. A breakout in either direction (upward or downward) is likely as the price approaches the triangle's apex.
Bullish Scenario: A breakout above the 0.02300 level could lead to a move toward 0.02500 - 0.02600.
Bearish Scenario: A breakdown below 0.02100 may lead to a retest of 0.01900 - 0.01850.
Trading Strategies:
Breakout Trade:
Entry: Above 0.02320 after confirmation of a breakout with volume.
Target: 0.02550 - 0.02600.
Stop-Loss: Below 0.02250 to minimize risk in case of a fake breakout.
Breakdown Trade:
Entry:
Below 0.02100 after confirmation of a breakdown.
Target:
0.01900.
Stop-Loss:
Above 0.02150 to manage risk.
Range Trade Until Breakout:
Buy near support:
Around 0.02100 - 0.02120.
Sell near resistance:
Around 0.02300.
JASMYUSDT Currently, JASMY/USDT is consolidating within a range between 0.02000 - 0.02400 on the 30-minute timeframe. The price is showing signs of indecision with low volume, suggesting a wait-and-see sentiment in the market.Key Levels:
Resistance: 0.02400 – multiple rejections here indicate strong selling pressure.
Support: 0.02050 – a key level where buyers have previously stepped in.
Critical Breakdown Level: 0.02000 – if broken, it may lead to a bearish continuation towards 0.01850.
Market Patterns:
Range-bound: Currently trading sideways; a breakout above 0.02400 with volume could signal a bullish move, while a breakdown below 0.02000 may indicate a bearish trend.
Potential Descending Triangle: Watching for a possible breakdown if support doesn’t hold.
Strategy:
Bullish Scenario: Watch for a confirmed breakout above 0.02400 with volume to target 0.02550 - 0.02600.
Bearish Scenario: A breakdown below 0.02000 could trigger a sell-off towards 0.01850.
Stay alert and manage risk with stop-losses.
The market is currently neutral but poised for a potential breakout soon! 🚀📉
JASMYUSDT time to but the hell out of this
JASMYUSDT Jasmy has the potential to rise in this bull market.
JASMYUSDT The cup and handle pattern is clearly visible on the timeframe(weekly), and if it breaks above the rim of the cup ($0.04), it could move up to its ATH at $0.36!
JASMYUSDT Needs to finally pump above the 0.024 level to get some fresh bullish momentum. However, another retest of 0.016 isn't unlikely in case markets continue weak in August.
JASMYUSDT weekly TF looks greatIdea:JASMY Bull-flag in weekly TF
JASMYUSDT Im long on this as a swing. Absolutely love what I see on both the daily and 4hr TFs.This is about to BANG.
JASMYUSDT target 0.045