What Does W-Chart Exemplifies For Jasmy? Indicators Angle On D!

Jul 4

What Does Weekly Chart Exemplifies For Jasmy?

Over the weekly charts, the JASMY crypto price has been declining consistently over the past few weeks, which highlights that the recent trend appears to be dominated by the sellers.



After the long-term break above the long-term consolidation, the JASMY has surged by more than 100% gains. However, Despite the strong surge in the JASMY's price, the asset has seen profit booking over the last few weeks. As observed by the price chart, from the swing high point of $0.04480, the price has degraded almost 47.8% to $0.02319 as of press time.

Furthermore, on the higher side, the continuation could be seen if the JASMY crypto price further builds any bullish candlestick pattern on the chart. Despite that, investors and traders should stay cautious as the recent price structure displays declines in price activity (DYOR).

Indicators Angle On Jasmy Crypto!

Looking at the indicators perspective, the Jasmy has plunged below the 20-day and the 50-day EMA, while the larger trend bands highlight a golden cross among the 50-day and the 200-day EMA, on the daily chart. Therefore, if the price keeps on descending downwards, it could take an assist from dynamic support of a larger trend 200-day EMA and could display a possibility to reverse from a certain level of that time.

Similarly, the MACD metrics have declined to a negative territory, which is below the zero line, and the histograms are declining, showing the bearishness strength rising. Thus, this supports a higher possibility of a bearish trend in the short term. Meanwhile, the RSI has declined below the median line of 50, and the smoothened line of 14-SMA, simultaneously and at press time, flashed at 34.26.