JASMY price seems to be painting a giant Cup and Handle pattern.
If the week closes over $0.05 JASMY price then this pattern is confirmed.
Confirmation of the pattern ushers an extremely bullish surge for JASMY price to $0.7.
JASMY holders are ecstatic over the altcoins steady gains and rapid surges over the last few weeks. Followed by the bullish Apple and JASMY collaboration JASMY price has been simultaneously climbing in an upwards trajectory.
Amidst these bullish waves for the Bitcoin of Japan, a technical price analyst, Steph is Crypto makes a bullish observation on the JASMY price chart. Using the JASMY price chart he shares his bullish findings in a detailed video.
To start off, he mentions how it looks like JASMY is printing a massive Cup and Handle pattern in the weekly time frame chart. If this continues there will be a massive break in the price of JASMY where holders can make life-changing gains according to STeph.
He then goes into detail to share his thoughts on if it’s too late to pump your JASMY bag now or if you’ve missed the pump. On this he says it is certainly not too late as JASMY set an ATH of almost $5 and is currently at the $0.04 price range.
Going back to the Cup and Handle formation, Steph says if the chart is indeed printing this pattern then it is a very bullish sign for the altcoin. More importantly, if the price of JASMY can break above the line then it is likely for JASMY price to fly much further.
He says the cup formation is ready and once the handle formation comes through then the price of JASMY will shoot high. According to many analysts JASMY has two resistance levels it is trying to breakthrough, the first of which seems to have been overcome today.
Cup and handle formation forming for #Jasmy on the weekly tf.The technical price target is set at approximately $0,70.Checkout my latest video: https://t.co/URhCAWNUKX pic.twitter.com/lInm2Gvh2R
— STEPH IS CRYPTO (@Steph_iscrypto) June 6, 2024
In Steph’s opinion, the price of JASMY will hit $0.3 much sooner than expected. However, after noticing the possible Cup and Handle pattern, his target has now switched to $0.7. He does say this handle formation could take quite a few weeks. The determining movement for a confirmed handle formation will be to see if JASMY closes the week over $0.05.
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The post JASMY Prints Giant Cup and Handle Pattern Signaling Major Bullish Movement Taking JASMY Price to $0.7 appeared first on Crypto News Land.
