Joe flirting with 50 SMAJoe is another smaller holding of mine, I took some of my ARB airdrop and have been staking the token for USDC passive income. I have always liked trader joe, we used it heavily last bull run with Avalanche, now we use it on Arbitrum. The token can pick up steam rather quickly and its looking like the 50SMA is the next target. Joe still needs to climb above golden support for me to get excited, then again small caps get crushed during these markets.
JOEUSDT trade ideas
#JOE/USDT is breaking the Diagonal Trendline in Daily TF!#JOE/USDT is breaking the Diagonal Trendline in Daily TF!
NYSE:JOE needs to clear the Previous high to turn bullish. Wait for PDH breakout in LTF to open a long position. #JOEUSDT is holding PWH $0.243 support level.
The next local resistance level is PMH $0.34.
JOE / JOEUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
JOEUSDT Pending Rally - Ready for a Liftoff? ⚪In the early months of this year, JOEUSDT broke free from a wedge pattern, sending ripples of excitement throughout the crypto community. The subsequent dip found a firm foothold in the demand zone near $0.19, from where it catapulted upwards, achieving a staggering 285% growth. This pivotal moment drew the attention of many bulls.
⚪However, the tide has shifted over the past six months, with JOEUSDT experiencing a consistent decline. Now, the stage is set for another crucial juncture as the price approaches the vital demand zone. Our eagle eyes are closely tracking JOEUSDT's price action, as this could signify yet another remarkable price surge.
⚪But here's the catch: for this scenario to materialize, we must witness an emphatic breakthrough above the $0.37 resistance. When and if this breakout happens, we'll be on the lookout for a prime buying opportunity with a compelling risk-to-reward ratio. Naturally, we will promptly share this setup in our channel.
⚪Nevertheless, it's important to recognize that while the allure of buying JOEUSDT at this juncture is undeniable, it remains a risky proposition due to the absence of robust trend reversal confirmations. Patience and discipline are the key as we await the perfect conditions to make our move. 🚀📈
Unlocking JOE Potential: Why It's Time to Buy Now!"**Short Fundamental Analysis**
JOE is the native token of the Trader Joe decentralized exchange (DEX) on the Avalanche blockchain. Trader Joe is one of the most popular DEXes on Avalanche, with over $1 billion in total value locked (TVL).
JOE has a number of utilities on the Trader Joe DEX, including:
* Governance: JOE holders can vote on proposals to shape the future of the DEX.
* Farming: JOE can be staked to earn rewards in other cryptocurrencies.
* Fees: JOE can be used to pay fees on the DEX.
JOE is also listed on a number of centralized exchanges, including Binance, Coinbase, and FTX.
**Recent News**
* On October 6, 2023, Trader Joe announced the launch of its new perpetual swap trading platform.
* On October 5, 2023, Trader Joe announced that it had raised $25 million in a Series A funding round led by Andreessen Horowitz.
* On September 29, 2023, Trader Joe announced that it had integrated with the Avalanche Bridge, making it easier to transfer assets between Avalanche and other blockchains.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
JOE/USDT Break out Alert, Bullish Momentum is coming ???💎 JOE is undeniably on our radar. Having broken out of the symmetrical triangle pattern, this breakout is evident in the 4-6H timeframe. There's potential for JOE to retest the demand zone or the support trendline of the triangle before embarking on an upward trajectory.
💎 If JOE showcases a strong bullish rejection candle within the demand zone, we can anticipate a bounce and a notable upward push, potentially targeting the supply zone and even the Bearish OB area.
💎 However, if JOE fails to manifest a rejection candle or maintain its position within the demand zone, there's a risk of it breaking below. In such a scenario, JOE might descend towards the support zone or even gravitate to the more robust demand area.
#JOE/USDT 8h (ByBit) Descending channel on supportTrader Joe is pulling back to 50MA where it seems likely to bounce again.
⚡️⚡️ #JOE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (4.2X)
Amount: 4.9%
Current Price:
0.25930
Entry Targets:
1) 0.24800
Take-Profit Targets:
1) 0.29595
Stop Targets:
1) 0.22400
Published By: @Zblaba
CRYPTOCAP:JOE BYBIT:JOEUSDT.P #TraderJoe #DEx #DeFi traderjoexyz.com
Risk/Reward= 1:2.0
Expected Profit= +81.2%
Possible Loss= -40.6%
Estimated Gaintime= 1-2 weeks
JOE / US Dollar (JOEUSDT) Token Analysis 11/09/2023Fundamental Analysis:
JOE (JOE) serves as the native token for Trader Joe, a decentralized exchange (DEX) operating on the Avalanche (AVAX) blockchain. Trader Joe offers a range of DeFi services, including swapping, staking, and yield farming. Since its launch in June 2021, the exchange has experienced rapid growth, attracting over $4 billion in total value locked (TVL).
Trader Joe places a strong emphasis on a community-first approach and values innovation, speed, and security. The platform aims to provide a comprehensive DeFi experience, offering various services while prioritizing the safety of its users' assets. To achieve these goals, Trader Joe has laid out an ambitious roadmap for 2021, focusing on token-holder growth. This roadmap includes plans for enhanced staking, the addition of non-fungible-token (NFT) exchange listings, collateralization of the JOE token, and the introduction of leveraged trading features.
Trader Joe offers a full suite of features akin to a modern decentralized exchange (DEX) and combines this with a user-friendly interface, ensuring swift and cost-effective transactions. Users have the option to participate in yield farms, providing liquidity and earning JOE (JOE) tokens as rewards, which can subsequently be staked and used for voting in governance proposals.
In addition to its DEX functionality, Trader Joe operates a lending protocol known as Banker Joe, built upon the Compound (COMP) protocol. This non-custodial lending platform enables users to both borrow and lend funds. Furthermore, users can open leveraged positions, utilizing either their provided liquidity or borrowed funds.
Trader Joe is committed to enhancing the utility and adoption of the JOE token. To achieve this, the project is working on several key additions, aiming to establish itself as the primary DeFi platform within the Avalanche ecosystem. These forthcoming features include the ability to use JOE as collateral for borrowing, the introduction of limit orders, and the inclusion of options and futures trading on the platform.
Thanks to its rapid pace of innovation and distinctive comic book-inspired branding, Trader Joe has attracted substantial support from prominent figures within the DeFi community. Notable backers include Stani Kulechov, the founder of AAVE (AAVE), and Darren Lau, among others.
Trader Joe operates on the Avalanche (AVAX) blockchain, which features a distinctive proprietary consensus mechanism. In this mechanism, all nodes engage in processing and validating transactions by utilizing a directed acyclic graph (DAG) protocol.
At present, the management of the project's treasury is entrusted to its developers, Cryptofish and 0xMurloc. However, the Trader Joe community has plans to establish a multi-signature governance mechanism in the future. In the interim, token holders have the ability to vote on the development of the protocol through the Snapshot platform.
Trader Joe was founded by two pseudonymous developers known as Cryptofish and 0xMurloc.
Cryptofish is a self-described full-stack and smart contract engineer who played an early role in various Avalanche projects, including Snowball and Sherpa Cash. Prior to this, Cryptofish worked at Google and holds a Master's degree in Computer Science from a U.S. university.
On the other hand, 0xMurloc is a full-stack developer with a background in launching several startups and serving as a Senior Product Lead at Grab.
In addition to Cryptofish and 0xMurloc, the Trader Joe team comprises over a dozen other pseudonymous contributors who work across various areas, including software development, marketing, and community management.
The total supply of JOE (JOE) amounts to 500 million tokens. Notably, JOE was introduced to the market without any pre-sale, private sale, or pre-listing allocations.
The distribution of JOE tokens is structured as follows:
50% allocated to liquidity providers.
20% allocated to the project's treasury.
20% designated for the team, subject to a three-month cliff period.
10% reserved for future investors, also subject to a three-month cliff period.
JOE tokens are being emitted over a 30-month period, and individuals staking JOE can earn 0.05% of all trades conducted on the platform. Furthermore, JOE tokens are designed to share a portion of the fees generated from lending interest and liquidations with the staking pool.
It's important to note that the emission rates of JOE are programmed to progressively decrease over time and are set to conclude at the start of January 2024.
Technical Analysis:
We have applied Fibonacci retracement tools, extending from $0 to its all-time high (ATH) of $2.79. Within this analysis, we have identified potential support and resistance areas on the chart based on the retracement levels.
In addition to the retracement levels, we have utilized Fibonacci projection tools to delineate additional potential support areas below the previous all-time low price. This projection is based on the most recent market cycle. Consequently, we have established two potential support levels at $0.13 and $0.07.
Furthermore, we have outlined three potential price targets using the Fibonacci retracement levels from the ATH cycle. These targets are anticipated within the next few weeks to months and are as follows:
First Target Price (1 TP): $0.6
Second Target Price (2 TP): $1.065
Third Target Price (3 TP): $1.4
These levels serve as key reference points for our analysis, guiding our expectations for future price movements.
Sentiment Analysis:
Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels.
JOEUSDT is inside a big Falling WedgeJOEUSDT is currently forming a falling wedge pattern. This pattern is characterized by a narrowing range of price movement between two converging trendlines and is often considered a bullish reversal pattern.
Falling Wedge Formation: A falling wedge is being observed in the price chart, typically preceding a breakout. Falling wedges are generally associated with bullish sentiment.
Clear Breakout of $0.30: The expectation is for a clear and decisive breakout above the $0.30 area. This breakout is regarded as a bullish signal and frequently leads to an upward price movement.
False Breakout: It is also noted that there's a potential scenario of a false breakout following the initial clear breakout. A false breakout occurs when the price briefly surpasses a resistance level or pattern boundary but fails to sustain that position.
New Long Position: Following the false breakout, there would be consideration of opening a new long position. This strategy assumes that the initial breakout was a false signal and that the price will eventually resume its upward trajectory.
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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 🦐
JOEUSDTJOEUSDT is trading in almost symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 0.3000.
What you guys think of this idea?
A Small Trade Joe.Here is My Study On JOE.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
Joe abuy Trade. Here is My Study on JOE.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
JOE Sell Trade Here is My Study On Joe.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
JOE daily ( Buy Scenario ) Cryptocurrency JOE shows promising conditions for price growth, as evident from two distinct key levels. We expect a potential price surge based on our analysis. In case the price breaks below the identified support area, there is a possibility of a price reversal towards the upside around the $0.22 level.
risk cancellation 3Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.