JASMYCOIN - JASMY/USDT - Daily - Technical analysis published on 05/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.019713 USDT
My targets
0.023221 USDT (+17.63%)
0.024442 USDT (+23.81%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JASMYCOIN - JASMY/USDT as long as the price remains well above 0.019713 USDT. The buyers' bullish objective is set at 0.023221 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.024442 USDT. If there is any crossing, the next objective would be the resistance located at 0.044210 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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Additional analysis
Quotes
The JASMYCOIN - JASMY/USDT rating is 0.019741 USDT. The price registered a decrease of -3.86% on the session with the lowest point at 0.019608 USDT and the highest point at 0.021008 USDT. The deviation from the price is +0.68% for the low point and -6.03% for the high point.0.019608
0.021008
0.019741
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this JASMYCOIN - JASMY/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.007714 | 0.011450 | 0.016642 | 0.019741 | 0.019967 | 0.024442 | 0.044210 |
Change (%) | -60.92% | -42.00% | -15.70% | - | +1.14% | +23.81% | +123.95% |
Change | -0.012027 | -0.008291 | -0.003099 | - | +0.000226 | +0.004701 | +0.024469 |
Level | Major | Minor | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.018360 | 0.018939 | 0.019736 | 0.020315 | 0.021112 | 0.021691 | 0.022488 |
Camarilla | 0.020155 | 0.020281 | 0.020407 | 0.020533 | 0.020659 | 0.020785 | 0.020911 |
Woodie | 0.018469 | 0.018994 | 0.019845 | 0.020370 | 0.021221 | 0.021746 | 0.022597 |
Fibonacci | 0.018939 | 0.019465 | 0.019789 | 0.020315 | 0.020841 | 0.021165 | 0.021691 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.013638 | 0.015363 | 0.017948 | 0.019673 | 0.022258 | 0.023983 | 0.026568 |
Camarilla | 0.019348 | 0.019743 | 0.020138 | 0.020533 | 0.020928 | 0.021323 | 0.021718 |
Woodie | 0.014068 | 0.015578 | 0.018378 | 0.019888 | 0.022688 | 0.024198 | 0.026998 |
Fibonacci | 0.015363 | 0.017009 | 0.018027 | 0.019673 | 0.021319 | 0.022337 | 0.023983 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.003553 | 0.009879 | 0.013387 | 0.019713 | 0.023221 | 0.029547 | 0.033055 |
Camarilla | 0.014190 | 0.015091 | 0.015993 | 0.016894 | 0.017796 | 0.018697 | 0.019598 |
Woodie | 0.002143 | 0.009175 | 0.011977 | 0.019009 | 0.021811 | 0.028843 | 0.031645 |
Fibonacci | 0.009879 | 0.013636 | 0.015957 | 0.019713 | 0.023470 | 0.025791 | 0.029547 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 54.56 | |
MACD (12,26,9): | 0.0003 | |
Directional Movement: | 8.752365 | |
AROON (14): | 28.571429 | |
DEMA (21): | 0.019306 | |
Parabolic SAR (0,02-0,02-0,2): | 0.018034 | |
Elder Ray (13): | 0.001039 | |
Super Trend (3,10): | 0.021559 | |
Zig ZAG (10): | 0.019831 | |
VORTEX (21): | 1.0520 | |
Stochastique (14,3,5): | 71.82 | |
TEMA (21): | 0.019723 | |
Williams %R (14): | -36.06 | |
Chande Momentum Oscillator (20): | 0.001560 | |
Repulse (5,40,3): | -2.4903 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0242 | |
Courbe Coppock: | 14.66 |
MA7: | 0.019541 | |
MA20: | 0.018645 | |
MA50: | 0.019176 | |
MA100: | 0.018071 | |
MAexp7: | 0.019658 | |
MAexp20: | 0.019090 | |
MAexp50: | 0.018773 | |
MAexp100: | 0.016975 | |
Price / MA7: | +1.02% | |
Price / MA20: | +5.88% | |
Price / MA50: | +2.95% | |
Price / MA100: | +9.24% | |
Price / MAexp7: | +0.42% | |
Price / MAexp20: | +3.41% | |
Price / MAexp50: | +5.16% | |
Price / MAexp100: | +16.29% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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