Technical Analysis

Jasmy Is Moving As Anticipated Since MaySep 25, 2024

We talked about Jasmy already back in May, where we mentioned and highlighted an ongoing five-wave bullish impulse that can be still in play. CLICK HERE

Jasmy Is Moving As Anticipated Since May JASMYUSD Daily Chart From May 15 2024
JASMYUSD Daily Chart From May 15 2024

Later on June 06 we updated the chart for our members, where we spotted final stages of wave 5 of (3) and we warned about a new higher degree waver (4) correction that can retrace the price back to the former wave 4 area.

Jasmy Is Moving As Anticipated Since May JASMYUSD Daily Chart From June 06 2024
JASMYUSD Daily Chart From June 06 2024

As you can see in the updated chart from July 10, it nicely turned down for wave A of a higher degree A-B-C correction within wave (4) and we pointed that wave C is still missing and it can retest the ideal and strong support at 38,2% Fibo. retracement and 0.015 area after wave B rally.

Jasmy Is Moving As Anticipated Since May JASMYUSD Daily Chart From July 10 2024
JASMYUSD Daily Chart From July 10 2024

Later in August, Jasmy finally completed its three-wave A-B-C corrective pullback in wave (4) at the perfectly projected textbook, former wave 4, 38,2% Fibo. and 0.015 support area. This is where we started to look for a bullish resumption within wave (5).

Jasmy Is Moving As Anticipated Since May JASMYUSD Daily Chart From August 19 2024
JASMYUSD Daily Chart From August 19 2024

Today on September 25, we still expect a bullish continuation within higher degree wave (5), especially if jumps back above channel resistance line and 0.034 bullish confirmation level.

Jasmy Is Moving As Anticipated Since May JASMYUSD Daily Chart From September 25 2024
JASMYUSD Daily Chart From September 25 2024

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