Jasmy Analysis; Huge Triangle Forming
Hello Traders! CTDave here again with another daily price analysis chart.
As you all probably know, Jasmy witnessed quite a few big jumps. This usually means a triangle pattern which was actually formed. In my opinion, Jasmy is going to drop down to ~$0.008 before going up. A look at the RSI indicator confirms that Jasmy is overbought right now so it's going down to ~$0.008.
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
As you all probably know, Jasmy witnessed quite a few big jumps. This usually means a triangle pattern which was actually formed. In my opinion, Jasmy is going to drop down to ~$0.008 before going up. A look at the RSI indicator confirms that Jasmy is overbought right now so it's going down to ~$0.008.
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
As you can probably see, the second to last low of JASMY was not at $0.008, so by connecting a line to the two lows, we can see that the support for Jasmy might even be ~$0.0075.
Thanks for reading! Happy safe trading!