JSTUSDT AnalysisThis is a relatively new coin that began in May. The trend rose up quite a bit in late July into early August, but has gone down a little in recent days. The candle is sitting just below the 0.07900525 resistance level. If the candle goes up and breaks the 0.07900525 resistance level and becomes support level, we can wait for an open-close candle confirmation before we buy it or wait for a buy signal from Engineering Robo. If the candle goes down, we can wait for a sell signal from Engineering Robo.
JSTUST trade ideas
JST/USD - Trons new JST coin gets hot after added to exchangesJST coin started out at .02, and we can see a Fibonacci Rise of the coin. It went up to .06, doubling. From there, went down to .045 - at which point it drove all the way up to .10! On some exchanges it hit .12 - the numbers were a different FIB sequence (HBTC Exchange - .02 up to .04, down to .03 - up to .12 - down to .06 (you get it))
Wave 1 - up 100%
Wave 2 - Corrected down to the Fibonacci Line of .50 - Were off to a good start!
Wave 3 - Up 1.68 - What a run!
Wave 4 - Down to .382
Wave 5 - WE SHALL SEE! Potentially just back up to .10, .11, or all the way up to .15
We can see the 5th wave starting to dismantle now, with a large spike of volume, that is because in Elliott wave, the 5th wave is the last wave up before a correction. We will see a correction after this.