Weekly (1W), providing a long-term perspective on trends & signs

24 lis

1. General Overview:
Chart Timeframe: Weekly (1W), providing a long-term perspective on trends and signals.
Recent Price: The current price of JASMY/USDT is around 0.02485, showing a 17.77% increase in the latest candle.
Key Features:
Multiple Buy Pullback and Buy Breakout signals during periods of upward movement.
Frequent Sell signals, indicating trend reversals or overbought conditions.
Dynamic support/resistance and ATR-based targets are actively plotted.

2. Key Patterns and Observations:
Trend Shift (Mid-2023):

A strong Buy Breakout occurred, followed by a steep upward trend.
Multiple Sell signals around resistance suggest profit-taking at highs, indicating temporary exhaustion in momentum.
Support from the EMA lines (orange and blue) during pullbacks shows that the uptrend was intact until later corrections.
Recent Buy Pullback Signals (End of 2024):

Two consecutive Buy Pullback signals indicate possible accumulation near current support.
The price is hovering near the short-term EMA (orange), suggesting it might act as dynamic support for a rebound.
ATR Target Levels:

Target 1 (yellow line) and Target 2 (teal line) represent projected upside targets for active trades.
Current price movement is attempting to retest the first ATR target after bouncing off dynamic support.
Green and Red Backgrounds:

Green backgrounds represent active buy trades.
Red backgrounds show overbought or bearish conditions (e.g., RSI > 70 or EMA bearish cross).

3. Support and Resistance Levels:
Dynamic Support:
The green support line shows strong buying interest near 0.02100 - 0.02200.
The price has respected this level multiple times during pullbacks.
Dynamic Resistance:
Resistance is evident near 0.03000, where several Sell signals occurred, and the price failed to sustain upward momentum.

4. Moving Average Analysis:
Short-Term EMA (Orange):
The price is currently trading above the short-term EMA, suggesting the possibility of continued bullish momentum.
Long-Term EMA (Blue):
The price is also above the long-term EMA, indicating the broader trend is bullish.
A crossover between the two EMAs (orange above blue) confirms alignment with the upward trend.

5. Volume Analysis:
Recent candles show increased volume, confirming renewed buying interest near support levels.
High volume during breakout signals indicates strong conviction from bulls.

6. Trade Recommendations:

Buy Opportunities: 🔥

Use the recent Buy Pullback signals near 0.02200 - 0.02400 as entry points.
Look for a break above 0.02750 - 0.03000 for additional breakout opportunities.
Target Levels:

Target 1: Around 0.03000 (first ATR level and dynamic resistance).
Target 2: Around 0.03500 - 0.04000.

Sell/Profit-Taking:

Consider taking partial profits near 0.03000, as historical resistance and multiple sell signals have emerged at this level.

Potential Scenarios:

Bullish Continuation: 🌠

If the price stays above 0.02400, watch for a retest of 0.02750 - 0.03000 resistance.
Breaking above this range could lead to a rally toward the second ATR target.

Bearish Rejection: ☔

If the price falls below 0.02200, expect further consolidation or a test of lower support near 0.02000.

Please note this is not financial advice.