JSTBTC trade ideas
JST/BTCJST is a TRX-based uniswap competitor. Believe in Justin Sun to play out this pattern.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
JUST (JST) Project Overview + Fib. LevelsAbout JUST
JUST aims to build a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users around the world. JUST is a two-token system. The first token, USDJ is a stablecoin pegged to the US Dollar at a 1:1 ratio and is generated by collateralizing TRX via JUST’s CDP portal. JST, the second token, can be used for paying interest, platform maintenance, participating in governance through voting, and other activities on the JUST platform.
JUST allows all transactions, collateralization, and governance to be transparently executed on-chain. JUST is built on the TRON Network, the largest decentralized application ecosystem, and aims to provide a set of easy-to-use and transparent financial services for all its members.
Website: just.network/#/
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Here we have JSTBTC, this is a new add on Binance, Okex, Huobi, and multiple other exchanges.
The chart is looking good now as we have strong volume coming in and prices breaking above EMA10.
This is a young chart so we have no history, no support, or resistance levels from past action, but we can still see what is going on short-term.
Bullish now.
Conditions for change
If prices drop and close below EMA10, the short-term bullish bias is lost.
Thanks a lot for reading.
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Namaste.
(JST) Project Overview...also Listed on BinancePLEASE "LIKE" IF YOU THINK USEFUL
ABOUT JST
JUST Platform's Governance Token JST will be launched on 05/05/2020 during the Poloniex LaunchBase (Token Sale).
JUST aims to build a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users around the world. JUST is a two-token system. The first token, USDJ is a stablecoin pegged to the US Dollar at a 1:1 ratio and is generated by collateralizing TRX via JUST’s CDP portal. JST, the second token, can be used for paying interest, platform maintenance, participating in governance through voting, and other activities on the JUST platform.
JUST allows all transactions, collateralization, and governance to be transparently executed on-chain. JUST is built on the TRON Network, the largest decentralized application ecosystem, and aims to provide a set of easy-to-use and transparent financial services for all its members.
CoinMarketCap
JST/BTC (Strong Buy Volume?)JST/BTC
-Despite the recent dump of Bitcoin JST still holding strong
-We can see a strong buy volume inside this ascending triangle
-To enter a trade on this coin, it is safe to wait for the breakout
-If the breakout happens to the upside, you may enter with momentum or pullback
-Your stoploss is below 50MA dynamic support
-Upside potential is up to the recent top at 800 sats or higher
JST/BTC 4hr Chart 8/30/2020This is not advise nor for instruction. Sharing my chart on JST / BTC to share my thoughts on this coin. Thanks for checking it out.
JST/BTC --->> IS IT A BULLISH TRIANGLE? New Justin Sun Coin!JST/BTC --->> IS IT A BULLISH TRIANGLE? New Justin Sun Coin!
Will this new coin shoot like a rocket?
OR
Will it fall down a big red waterfall of death?
I usually don't chart 15 minute time frames, I prefer a more accurate 4 hour or daily time frame..
Let's see how this plays out...
Looks bullish to me, but natural new coin fear in play...
Trade safe my friends....
BINANCE:JSTBTC
