JASMY UPDATE — Holding The Line And Ready To Roll!

So far, JASMY isn't one of the top gainers today. At the time of writing, the token is up only 1.5%.

However, JASMY's chart is probably showing a much more important aspect.

Although JASMY had closed the daily and weekly slightly below the 0.032 resistance, it jumped above this level quickly today. Additionally, if we dive slightly deeper and look at the 4H, we can see that JASMY has basically retested the 0.032 area successfully.

As a result, I expect JASMY to pump very soon, given that the overall market remains bullish. In this case, the 0.04 area will be the first target. However, if JASMY continues its macro-trend, 0.04 will only be a stopover to the 0.05 mid-term goal.

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$JASMY #Jasmyusdt⚠️⚠️

Very much agree with this. Best is yet to come.

Get prepared.

PEPE Gearing Up For New All-Time High 🚀

Pepe has been one of the best-performing crypto tokens in this cycle so far.

After breaking out of an inverse head and shoulders pattern at the beginning of May, Pepe reached a top of 0.0000179. At the time, buyers lost some steam, and the token entered into a consolidation.

Here are two reasons why Pepe could have reached the local bottom and aims for a new ATH soon.

1️⃣ Technical Indicators: Pepe has flashed a bullish MACD crossover on the daily chart. This signal is reliable, especially in higher timeframes. Backtests show that in 70% of all occurrences, the price rose by more than 10% right after.

2️⃣ Chart Setup: Pepe is forming a nice U-formation on the daily chart with its bottom at 0.00001.

If $PEPE follows this pattern and gets fueled by bullish indicators, a re-visit of the previous ATH is likely.

Based on the current level, this results in a profit potential of 35% - 40%.

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#TradeSignal #pepe⚡

This Is Getting Boring 😑 Crypto Market RSI Hits New Low ⬇️

Yesterday's candle close sent the average RSI of 200 tokens to a new 2-year all-time low of 25.2, clearly breaking the major resistance.

The positive aspect: A reversal and relief rally gets more likely with every low. However, the market hasn't shown many signs of life lately. Therefore, I see two options:

1️⃣ — A significant event (e.g., the ETH ETF launch date) revives the market and brings fresh buying power.
2️⃣ — Instead of a stronger relief rally, the market pumps only slightly before continuing to move sideways or in a slow downtrend.

To close with another positive aspect, there won't be a sharp decline in altcoins at this level. The heavily oversold RSI (some tokens are at an RSI level of 10!!!) makes this very unlikely.

#AltcoinStrategies #Market_Update

Bitcoin — Levels to Watch 🚨

Had so many requests about Bitcoin. That's why I wanted to share the thoughts I already discussed in today's live feed earlier in the morning.

From my POV, Bitcoin's setup is pretty obvious: $BTC traded in a bull flag and broke out ~1 month ago. However, up to now outbreak did lead to a pump. Conversely, BTC has started to trade in a downtrend. Nevertheless, it has respected the upper boundary of the bull flag up to now.

If Bitcoin continues on this path, it will reach the major support area of ~62k in a few days.

And that's when it gets interesting: Either both support lines hold, and BTC starts a fresh pump — or it is about to get hairy.

Here's why: If BTC breaks below the support at 62k, there's actually no additional support above 52k. Therefore, we might see a decline to the lower 50,000 levels.