Please do your own research and risk no more than what you can afford. My analysis is based on 14 years of experience trading the markets and is subject to my opinion. You've been warned.
A falling wedge was formed on the daily timeframe in December, accompanied by a bullish divergence on the RSI. At the time, a profit of 46-80% was expected, which would have been 125% if the target was not triggered, resulting in a final profit of 80%. A pullback to 0.006402 is expected but ideally, re-entry should be 0.005817.
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1. $JASMY - Bullish [Extended Strategy]
Please do your own research and risk no more than what you can afford.
My analysis is based on 14 years of experience trading the markets and is subject to my opinion. You've been warned.
A falling wedge was formed on the daily timeframe in December, accompanied by a bullish divergence on the RSI. At the time, a profit of 46-80% was expected, which would have been 125% if the target was not triggered, resulting in a final profit of 80%. A pullback to 0.006402 is expected but ideally, re-entry should be 0.005817.
The Medium-Term Play: 1-2 Months
6.22-to-1 PL Ratio.
Entry: 0.005817; Target: 0.016097; SL: 0.004183.
Daily Resistance Zones
1. 0.0069791 - 0.0073538
2. 0.0079918 - 0.0085901
3. 0.0087844 - 0.0094358
Daily Support Zones
1. 0.0065760 - 0.0063007
2. 0.0060519 - 0.0057343
3. 0.0054824 - 0.0050610
TA Methodologies:
1. Demand&Supply Theories [Price Momentum]
2. Fibonacci Retracements & Extensions [SR Zones]
3. Trendlines [Breakout]
4. RSI [Movement Strengths]