KinaStar

JASMYUSDT 🚀 Inverse Head Shoulders

Long
KinaStar Updated   
BINANCE:JASMYUSDT   JASMY / TetherUS
Hey guys!

Today I'd like to share a JASMY Coin idea. I've spotted an inverse head and shoulder pattern that has formed. Confirmation to the bullish upside would be a breakout and re-test of the zone followed by entry trigger dropping into the lower timeframes.

Confluences:
  1. We need the breakout of the pattern to the upside to confirm bullish reversal. But having this pattern itself after a huge drop, it's pretty awesome.
  2. We've got Ichimoku Cloud breakout which signals bulls are taking over still make sure you have a plan to be certain with your confirmations.
  3. RSI Bullish divergence signaling the bears have lost power for now.

Targets:
1) 0.0050
2) 0.0055
3) 0.0065
4) 0.0070

Stop loss below the cloud or 2 ATR or below swing low. Manage that according to your trading plan.

Let's see how it plays out!
Kina 🚀
Comment:
Waiting for a beautiful break of structure otherwise we going down with the ship. However, notice the divergence build up as price is randing downwards. Still could potentially trigger the ultimate reversal or the ultimate doom for the project!
Comment:
TP 1 and TP 2 HIT!
Let's gooo

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