Lokesh Gupta
23-05-2024
#Jasmy coin is currently within a triangle pattern on the daily timeframe and is nearing its resistance trendline.
Since March, Jasmy Coin's price has remained stagnant as the recent crypto rally lost momentum.
After reaching a year-to-date high of $0.02749 in March, the token experienced a sharp decline of over 44.80% to a low of $0.01526. Notable stagnations occurred on March 5th, 19th, and May 1st.
The daily chart indicates the formation of a small inverse head and shoulders pattern.
Consequently, the token is likely to experience a bullish breakout, with $0.026 being the next significant price level to observe, representing its highest swing on April 11th.
As per Coin Gabbar analysis, If $Jasmy Coin breaks out of the triangle pattern, it may undergo a surge and potentially test the upper resistance level of $0.0280.
However, a bearish reversal could prompt $Jasmy Coin's price to retreat towards its support level of $0.0180 within this month.
KEY LEVELS :
RESISTANCE LEVEL : $0.028000-$0.042000
SUPPORT LEVEL : $0.018800-$0.014000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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