Yes, Jasmy did break up and out of the first triangle/channel. You will notice this price action on the 4 hour chart here in correlation with our RSI. Some were expecting a bigger movement. Keep in mind though that not only is crypto in an overall short-term drawback phase of sorts, but also, the broader market sentiment is spilling over into our crypto markets.
That being said, the 4 hr. chart shows us that we could actually go all the way to December the 8th before moving outside of this second triangle. Patience is key here.
I have outlined the potential price movement should we remain in the triangle till around the Dec. 6-8th time frame.
Keep in mind, we still could also drop from here. Be careful in this market. Have your stops set.
@ssemm, a great deal for sure. But pretty risky now. Could pay big. But not the best set up now.
scrom_indicator
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@ssemm jammy sure did go boink, say dang for now but maybe we say yeehaw when do the uppy times next week, when the bitty go boom but course it may go burst then we all prob do the maximum sad
Mega_man
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I don’t see this one dropping. Bitcoin crashing is crashing most alt markets. Jasmy is still maintaining support. RSI is almost steady. There’s going to be an explosion! @pilatuz —> This coin doesn’t need a green light from Japan. It needs Bitcoin investors to stop tweaking all the time and some buying of the dip to get it back on track.
@Mega_man, completely agree. Takes a strong heart to buy here. Not the best set up. But the rewards could be huges. 13 cents is the support level I wanted to find about a week and a half ago. Didn't think we'd get down here. But here we are. Super strong support!!!
Vikas1987_G
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If 1D candle close above Feb 0.382, then are you still positive on this token?