JSTUST trade ideas
DeFi on TRON Will Be Huge! (Elliott Wave & Fundamental Analysis)Wave Theory: It looks like JST has completed a diametric pattern and we could be breaking up now. 5 of 7 waves are time similar which is the expected structure of a diametric. Channeling also works well. We are above the daily SMMA which hasn't happened since we topped out in August, a good sign that we could be beginning to trend upwards. Momentum is also turning bullish here with large divergences. Target is above ATH, potentially over 1-2 USD but will have to watch closely to determine when we are reaching a good exit price. Ultimate MOON target would be over 50 USD.
Fundamental Analysis: JST is one of the largest DeFi projects on TRON. Being built on the TRON network gives it several inherent advantages over any Ethereum-based DeFi. This includes very cheap (or free) transactions, instant confirmation times, and better scalability. If you've ever used an ETH dapp you would have noticed that you are paying upwards of $10 per contract call (and rising) and sometimes waiting hours for your transaction to be confirmed, and often the transaction will fail altogether if you don't attach a high enough fee. This makes the user experience of ETH very poor compared to TRON, which is a virtually seamless experience that costs no more than just a couple cents per transaction, and is always instantly confirmed.
JST specifically is used for several major platforms on the TRON network, including JustSwap, JustWrapper, USDj stablecoin, and soon to be JustLend. This is actually a combination of multiple projects which exist individually on ETH, giving JST a larger use case than the individual ETH tokens. The JUST user experience is also much more refined than its counterparts on ETH. As the user experience on ETH continues to deteriorate because of network congestion and increasingly high fees, more people will look to other networks like TRON for DeFi. JST will be one of the largest DeFi projects on TRON, and could potentially achieve a multi-billion market cap as the TRON network continues to grow.
JST is also a productive crypto-asset as it has several income-producing functions which increase the overall value of the token. Cryptos like Bitcoin are like gold, they just sit there and don't really do anything except move money around. JST is more akin to a stock because it can perform functions that would normally require a human-run business behind them, but instead it's run on smart contract on the TRON blockchain without any humans executing the functions. Based on hundreds of years of data in traditional markets, high quality productive assets like stocks more often than not will outperform unproductive assets like gold over the very long-term.
JSTUSDT AnalysisThis is a relatively new coin on the USDT chart having begun just about one month ago. The candle has just now broken down the support level and is sitting just below the 0.03766 resistance level. Here is my analysis:
If you already have JSTUSDT, now is a good time to sell it. Engineering Robo is giving Hell, Sell 1 and Sell 2 signals. In addition, the candle has broken down the support level. This means you should sell it right away.
If you want to buy JSTUSDT, do not hurry to buy it as the coin is still only a month old. If you really want to buy it though, you can buy it when the candle open-close above the 0.03766 support level. However, you should be cautious and watch for Engineering Robo's signals. If the candle breaks down the support level, you should sell it right away.
JSTUSDT ANALYSISBuy at the support line sell at the resistance line
But of course it is too early to talk again ,
catch with the EngineeringRobo' s buy signal then you can sell at the resistance line or sell with the EngineeringRobo' s sell signal
Have a good trade . If you want to use EngineeringRobo please dm me.
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.
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.