JASMY's price movements now align with Bitcoin and Ethereum, according to analyst Paul Webborn.
Webborn's analysis uses Fibonacci retracement to confirm JASMY's primary wave patterns.
He projects primary wave 5 for JASMY between $0.29 and $0.32, following intermediate waves.
Paul Webborn, a prominent crypto analyst, recently shared insights about JASMY's wave patterns on X. According to Webborn, JASMY's price movements are now aligned with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). He detailed the completed primary waves and provided a technical analysis using Fibonacci retracement.
https://twitter.com/PWebborn/status/1820852869643317668 Understanding Primary Waves 1 to 4
Paul Webborn explained the structure of JASMY's primary waves in three charts. In Chart 1, he circled the completed primary waves 1 and 2. Primary wave 1 included minor waves 1 to 5, while primary wave 2 consisted of intermediate waves labeled ABC. He used Fibonacci measurements to confirm these patterns.
In Chart 2, Webborn focused on primary wave 3. He identified that it consisted of intermediate waves 1 to 5 and was approximately 6.854 times the length of primary wave 1. This wave structure showed a nearly perfect alignment with the Fibonacci table, which was adjusted to primary wave 2's completion.
Chart 3 detailed the completion of primary wave 4 and the projection for primary wave 5. Primary wave 4 comprised intermediate waves WXY. This setup led Webborn to assert that primary wave 5 would consist of intermediate waves 1 to 5. He adjusted the Fibonacci table accordingly, reflecting the new alignment.
Webborn set the targets for primary wave 5 between $0.29 and $0.32. He emphasized the importance of correlation between different assets, noting that this wave count aligns with BTC and ETH. This correlation supports the idea that JASMY has completed its primary wave 4 and is poised for its next movement.
Implications for JASMY Investors
Webborn's analysis suggests a bullish outlook for JASMY, correlating with broader market trends. The alignment with BTC and ETH provides a robust framework for predicting future price movements. Investors and traders might find this correlation useful for making informed decisions.
Webborn’s detailed breakdown of primary waves and Fibonacci measurements offers a technical foundation for understanding JASMY's potential trajectory. By following these patterns, investors can better anticipate market changes and align their strategies with broader crypto trends.
Webborn's insights into JASMY's primary wave structure highlight the importance of technical analysis and asset correlation. His confidence in the completion of primary wave 4 suggests a positive outlook for JASMY, aligning it with major cryptocurrencies like BTC and ETH.
The post Correlating JASMY with BTC and ETH: Insights on the Primary Wave Completion appeared first on Crypto News Land.
