JTOUSDT Head & ShouldersThere is a head and shoulders pattern in the chart. Let's go to the moon 🥳 also 8/8 is important resistance line. it may be early but i am expecting an increase like tia/ordi
JTOUSDT trade ideas
JTOUSD Murrey, Trend,if the price sustains above the 8/8 Murrey line and continues to make higher highs and higher lows, the outlook could be considered bullish. I would typically look for confirmation through additional bullish signals, such as increased buying volume or the price holding above this resistance turned support level. However, if the price starts to fall below the 8/8 line and especially the 4/8 major pivot, it might suggest bearish pressure.
JTOUSDT Murrey Math Lines,TrendMurrey Math Lines use specific points such as the 8/8 and 0/8 lines to determine at which levels the market prices might enter overbought or oversold conditions. Additionally, the 4/8 line is often considered the most significant support and resistance point, and if prices rise above this level, a bullish trend may gain strength, while a fall below it could signify a bearish trend.
According to the chart, prices are currently moving between the 3/8 line, known as the "Bottom of trading range" (2.9297), and the 2/8 line, known as "Pivot, reverse" (2.7344). As long as prices remain within this band, we can consider the current price action to be in a horizontal trend, and breaking out of this range could indicate the formation of a new trend. If prices rise above the 3/8 line, this could be interpreted as a bullish tendency, with the possibility of moving towards the next resistance levels at the 4/8 or 5/8 lines. Conversely, if prices drop below the 2/8 line, this could be seen as a bearish tendency, with an expectation of retreating to lower support levels.
JTOUSDT #JTO ELLIOTT IMPULSE WAVEThe path of Elliott impulse wave in the chart. Lets see how it will shape
JTO/USDT To Buy or not to BuyTo buy or not to buy, that is the question.
I may be wrong, but I will wait for lower prices.
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JTOUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
Solana-Based Jito (JTO) Skyrockets 40%, Is $5 Next?The Solana-powered Jito (JTO) crypto has gained significant market traction, emerging as a top-trending token with a remarkable 40% surge.
The Jito (JTO) cryptocurrency is a Solana-backed token that recently gained noteworthy traction within the broader crypto market as it experienced a massive surge in its price. Moreover, the token caught the eyes of crypto traders and investors as it emerged as one of the top trending tokens within the crypto realm.
In addition, Jito positions itself as a Solana-based Defi platform, facilitating liquid staking.
Interestingly, the soaring of the JTO token appears to fall in line with the opening of an airdrop recently, evoking immense keenness among crypto fanatics. Meanwhile, the token’s parent currency, Solana (SOL), also noted an upsurge in its price.
Jito (JTO) Token: Here’s All You Need To Know
Jito stands as the second-largest liquid staking (LST) protocol catering to Solana users seeking to trade and borrow against SOL tokens locked with validators. JitoSOL, JTO’s primary asset, acts as a depository receipt for staked SOL.
Furthermore, the token orchestrates profits from both the staking processes within the Solana network. Besides, it also generates moonlight incomes via Jito’s MEV-style method of auctioning blockspaces.
The JTO token initially commenced trading at the price of $1.20 but soon began noting a significant pump in its price. Intriguingly, the pump witnessed by the token was so bullish that even after the deposit of 7 million JTO to Binance, the price barely slumped.
Concerning the aforestated data, the JTO token appears to be portraying significant bullish sentiments within the broader crypto market. Moreover, the Jito community recently initiated a token airdrop, allowing users to claim 90 million JTO governance tokens since Thursday morning.
In addition, the total value locked (TVL) for Solana Jito liquid staking now amounts to $486.84 million as of writing.
Jito JTO Price Rallies
The Jito price, while writing, witnessed a colossal upswing of 36.20%, reaching $4. In addition, since its inception, the token has recorded a surge of 140.44%, accompanied by a 36.44% increase in its market cap.
Meanwhile, the Solana price also witnessed a jump, aligning with JTO’s price spike.
As of writing, the Solana price stood at $77.13, soaring 5.18% over the past day. Moreover, the token also noted a weekly upswing of 23.70%. Simultaneously, JTO’s price surge may be linked to the jump witnessed by Solana.
As the JTO token continues to soar whoppingly, crypto market enthusiasts eagerly await the next milestone for the cryptocurrency, the $5 mark.
