Hey guys, here's an update on JASMY/USDT.
Timeframe: Daily.
Description: JasmyCoin (JASMY) is a cryptocurrency project of a Tokyo-based Internet of Things (IoT) provider Jasmy Corporation. The main goal of the project is to establish a secure environment on the platform where users can exchange data in a trustless manner between IoT devices (computers, cars, phones) and decentralized protocols.
Update: Ever since JASMY's launch on 22 November 2021, it is -98% down from the ATH. JASMY has formed a good support level at $0.0083 and the interesting thing to notice here is that after the continuous drop, JASMY started moving sideways. This sideway pattern shows a strong accumulation. Now, I don't know for how long this accumulation will continue but one thing I know for sure is the moment JASMY breaks out of this zone, it will explode pretty strong.
The rally may start in late October or maybe next year, depending on the market condition. So, with proper risk management, I have started filling my bag with some JASMY. If JASMY breaks down and closes below the $0.0083 support level in a higher timeframe then it will invalidate this chart.
Note: This is a long-term trade so do not consider it for scalping. Not financial advice.
What do you think about JASMY? Do you think it's a good project to invest in? Share your knowledge in the comments section.
Thank you for all your support.
Trade safely.
Timeframe: Daily.
Description: JasmyCoin (JASMY) is a cryptocurrency project of a Tokyo-based Internet of Things (IoT) provider Jasmy Corporation. The main goal of the project is to establish a secure environment on the platform where users can exchange data in a trustless manner between IoT devices (computers, cars, phones) and decentralized protocols.
Update: Ever since JASMY's launch on 22 November 2021, it is -98% down from the ATH. JASMY has formed a good support level at $0.0083 and the interesting thing to notice here is that after the continuous drop, JASMY started moving sideways. This sideway pattern shows a strong accumulation. Now, I don't know for how long this accumulation will continue but one thing I know for sure is the moment JASMY breaks out of this zone, it will explode pretty strong.
The rally may start in late October or maybe next year, depending on the market condition. So, with proper risk management, I have started filling my bag with some JASMY. If JASMY breaks down and closes below the $0.0083 support level in a higher timeframe then it will invalidate this chart.
Note: This is a long-term trade so do not consider it for scalping. Not financial advice.
What do you think about JASMY? Do you think it's a good project to invest in? Share your knowledge in the comments section.
Thank you for all your support.
Trade safely.
