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JASMY / UST

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JASMYUST trade ideas

JASMYUSDT Oblique Inverse Head and Shoulders FormationOblique Inverse Head and Shoulders Formation: The market is currently shaping an oblique inverse head and shoulders pattern. This pattern entails the formation of three troughs, where the middle trough (the "head") is positioned lower than the flanking two troughs (the "shoulders"). It's noteworthy that the pattern might not exhibit perfect symmetry. Testing the Neckline as Resistance: The prevailing price action involves testing the neckline of the oblique inverse head and shoulders pattern as a recently formed resistance level. The neckline holds significant importance within this pattern, often serving as a decisive level that verifies the pattern's validity. Breakout Signal: The threshold for potential action is a breakout beyond the level of 0.004127. A breakout signifies a convincing ascent beyond a critical resistance point, potentially reflecting a shift in market sentiment from a bearish to a bullish outlook. Plancton's Rules Application: In alignment with the analysis and adhering to Plancton's Rules, a novel long position is under consideration if the price effectively surpasses the 0.004127 threshold. This long position involves procuring the asset with the anticipation of its value ascending, aligning with the projected bullish momentum indicated by the breakout. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
This currency is in an important support range◼️ This currency has reached its 50-day support and with the positive divergence that can be seen, the possibility of 6% growth to the price of 0.004000 is possible for this currency at this time. ◼️ The important support range of this currency is located at the price of 0.003676, there is a possibility of a breakfake for this range. ◼️ But the other range for support is located at 4% lower and at the price of 0.003543, which has already experienced a drop close to this price. ✔️ In general: There is a possibility of a stronger 6% growth for this currency
by karaco2022
JASMYUSDT is testing the 0.618 Fibonacci levelJASMYUSDT is undergoing a crucial test at the 0.618 Fibonacci retracement level, which is at the 0.0040 price level. In technical analysis, the Fibonacci retracement levels are commonly used to identify potential support and resistance areas based on the key Fibonacci ratios, with 0.618 being one of the most significant ratios. When the price approaches the 0.618 Fibonacci level, it often acts as a critical decision point for traders and investors. According to Plancton's rules, a widely-followed trading strategy, a potential long (buy) opportunity is suggested if the price successfully creates a breakout above the current level of 0.0040. A breakout above this level would imply that the bulls have gained strength and are pushing the price higher, potentially leading to further upward momentum. Traders should be cautious and wait for confirmation of the breakout. It is essential to see a clear and sustained movement above 0.0040, accompanied by significant trading volume, to ensure the strength and validity of the breakout. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12
JASMYUSDT 😉 Trading PlansWe could potentially have 3 moves I could forecast. Bullish scenario First move would be a break above 0.0046 that would totally mean bulls are taking over but we could potentially see a second move that could be a correction towards previous resistance that has turned into support 0.0042 then the bull move would continue Targets: 0.0057 - 0.0066 Bearish scenario Third move we could see it's a bearish correction for that to happen we should see a double top and failed attempt to move higher at around 0.0043 and an impulse move down into the next key levels. Targets: 0.0038 - 0.0036 or even 0.0030 Let's see how this plays out! I'll update when I open a position Regards, Kina 😉
by KinaStar
2