JASMY hit rock bottom! Potential long term uptrend
It is not a difficult task to draw a Fib Retracement on the daily chart and explore potential genesis understandings, specially on an asset that has a relatively short history.
Jasmy has clearly hit rock bottom, and now we know where we are and where we will never be again: 0.0100
At the current stage, we can consider a potential yet unclear double bottom. Daily chart is definitely bullish although I would suggest caution when trading Jasmy as Bitcoin does have more negative than positive effect on Jasmy trend lines.
Best trades are long term for maximum gains. Think quarterly at best.
In conclusion, JASMY is a long investment strategy at this point with significant opportunities for scalping.
Jasmy has clearly hit rock bottom, and now we know where we are and where we will never be again: 0.0100
At the current stage, we can consider a potential yet unclear double bottom. Daily chart is definitely bullish although I would suggest caution when trading Jasmy as Bitcoin does have more negative than positive effect on Jasmy trend lines.
Best trades are long term for maximum gains. Think quarterly at best.
In conclusion, JASMY is a long investment strategy at this point with significant opportunities for scalping.