Trading JASMY? Watch 0.0153 Breakout vs 0.0138 Support Hold Levels
- JASMY breaks out of multi-month downtrend, forming a bullish flag above key $0.0140 support.
- Price consolidates in a symmetrical triangle with breakout potential above $0.0153 toward $0.0176.
- RSI and MACD signal early bullish bias; Bollinger Bands tighten ahead of expected volatility surge.
JASMY’s price recently broke through a key downward trendline that had pushed it lower since February, signaling a potential end to that downtrend. This important break followed a strong bounce off the $0.0082 low point and led to a smaller bullish flag pattern breakout above $0.0140.
Currently, JASMY is consolidating its gains, forming a symmetrical triangle on the 4-hour chart – a pattern often indicating energy is building for a significant move. Traders are now watching for a decisive breakout above $0.0153 to potentially ignite momentum toward the $0.0158 to $0.0176 resistance area.
Where Are JASMY’s Key Support and Resistance Levels?
Immediate support rests near $0.0138. Key Fibonacci levels at $0.01296 (50% pullback) and $0.01408 (38.2%) also held firm during recent dips. Price sits just below the 20/50 EMAs (short-term averages), while longer-term EMAs mar…
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Trading JASMY? Watch 0.0153 Breakout vs 0.0138 Support Hold Levels
- JASMY breaks out of multi-month downtrend, forming a bullish flag above key $0.0140 support.
- Price consolidates in a symmetrical triangle with breakout potential above $0.0153 toward $0.0176.
- RSI and MACD signal early bullish bias; Bollinger Bands tighten ahead of expected volatility surge.
JASMY’s price recently broke through a key downward trendline that had pushed it lower since February, signaling a potential end to that downtrend. This important break followed a strong bounce off the $0.0082 low point and led to a smaller bullish flag pattern breakout above $0.0140.
Currently, JASMY is consolidating its gains, forming a symmetrical triangle on the 4-hour chart – a pattern often indicating energy is building for a significant move. Traders are now watching for a decisive breakout above $0.0153 to potentially ignite momentum toward the $0.0158 to $0.0176 resistance area.
Where Are JASMY’s Key Support and Resistance Levels?
Immediate support rests near $0.0138. Key Fibonacci levels at $0.01296 (50% pullback) and $0.01408 (38.2%) also held firm during recent dips. Price sits just below the 20/50 EMAs (short-term averages), while longer-term EMAs mar…
The post Trading JASMY? Watch 0.0153 Breakout vs 0.0138 Support Hold Levels appeared first on Coin Edition.
Read More