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
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