Technical Analysis

Jasmy Remains Bullish Within An ImpulseMay 15, 2024

Jasmy Remains Bullish Within An Impulse, as we see it consolidating within an ongoing five-wave bullish cycle from Elliott wave perspective.

Crypto market is still slow, but we have an important US CPI inflation report today, which may cause some volatility. If we take a look at the daily chart of Crypto total market cap, we can still see a corrective movement with nice technical support area here around 2.0T level.

Jasmy Remains Bullish Within An Impulse Crypto TOTAL Daily Chart
Crypto TOTAL Daily Chart

Cryptocurrency Jasmy with ticker JASMYUSD remains in a five-wave bullish impulse and it could be currently just slowing down within subwave 4 correction after strong extension higher. It looks like a bullish triangle pattern, which can lift it higher within wave 5 of (3) towards 0.030 – 0.040 area.

Jasmy Remains Bullish Within An Impulse JASMYUSD Daily Chart
JASMYUSD Daily Chart

JASMY is an Ethereum token that powers Jasmy, an organization that develops IoT (“Internet of Things”) platforms. Rather than coordinating networks of devices and data through centralized servers, Jasmy aims to decentralize the process via edge computing and storing data on IPFS, a decentralized storage network. JASMY can be used to transfer tokens between devices and payment for network services.

JasmyCoin (JASMY) is a cryptocurrency project developed by Jasmy Corporation, a Tokyo-based Internet of Things (IoT) provider. The Jasmy platform strives to restore and protect individual data sovereignty by integrating IoT technology with blockchain technology. This allows users to have full control over their personal information. The primary objective of JasmyCoin is to create an environment where users can exchange data between IoT devices and decentralized protocols in a trustless manner. The JasmyCoin token, an ERC-20 token, powers the Jasmy platform and plays a crucial role in building the entire Jasmy ecosystem.

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