JASMY/USDT Analysis



1. Chart Analysis and Patterns



• The formation clearly seen on the chart is the falling wedge formation. This formation usually results in upward breakouts.


• After the breakout, the price started a rapid upward movement, indicating that the target level of the formation may work.



2. Target and Prices



• Technical target of the formation: 0.055 USD zone. This represents a 272% rise.


• Main resistance zones:


• 0.037 USD (short-term resistance)


• 0.055 USD (main target and formation completion point)


• Support levels:


• 0.020 USD (critical support, caution should be exercised in decline)


• 0.025 USD (intermediate support level)



3. Support and Resistance Levels



• Main support: The USD 0.020 zone is a key level where the price is recovering.


• Main resistance: 0.037 USD level, closing above this zone may accelerate the rise.


• Formation support: The lower band of the falling wedge can now work as support.



4. Trend Direction



• The general trend is upward. Especially the breaking of the falling wedge confirms the uptrend.


• It is very important to hold above 0.037 USD for the continuation of the uptrend.



5. Indicators



• RSI (Relative Strength Index): It may be approaching the overbought territory, indicating the possibility of a short-term correction.


• Volume: Increasing volume during the rise supports that the breakout is real.


• Moving Averages: A positive outlook is provided when the price is above the 50-day and 200-day moving averages.



6. Strategy and Recommendations



• Short-Term Investors: Can open a transaction by waiting for the break of the 0.037 USD resistance. Target is the 0.055 USD region.


• Medium and Long Term Investors: A buying opportunity may be considered in possible pullbacks to 0.025-0.020 USD levels.


• Stop Loss: Closing below 0.020 USD can be considered as stop loss.


• Gradual Sale: Profit realization can be made gradually at the levels of 0.037 and 0.055 USD.



7. Risks and Things to Consider



• RSI reaching the overbought region may lead to a short-term correction.


• Bitcoin and general market movements can affect JASMY’s price movements. If there is a decline in the general market, attention should be paid to support levels.



In conclusion, the technical outlook for JASMY is quite positive. However, one should pay attention to both resistance levels and market conditions.