$JCT USDT Analysis (4H)
JCT is up about 68% on the day, climbing from a low near 0.0040 to a high of 0.00825. That peak candle left a long upper wick, so sellers clearly defended the top. Price has since slipped to 0.00689 with two red candles in a row, which shows momentum cooling. RSI sits around 64 so it is not overheated, and MACD is still positive with green bars. The latest volume spike came on a red candle though, which worries me a little. I would watch 0.0072 as resistance. Holding 0.0062 keeps the trend healthy, while a drop below it invites a deeper pullback.
Not financial advice. DYOR.
#jct #EarningsSeason #AnalyseCrypto
JCT is up about 68% on the day, climbing from a low near 0.0040 to a high of 0.00825. That peak candle left a long upper wick, so sellers clearly defended the top. Price has since slipped to 0.00689 with two red candles in a row, which shows momentum cooling. RSI sits around 64 so it is not overheated, and MACD is still positive with green bars. The latest volume spike came on a red candle though, which worries me a little. I would watch 0.0072 as resistance. Holding 0.0062 keeps the trend healthy, while a drop below it invites a deeper pullback.
Not financial advice. DYOR.
#jct #EarningsSeason #AnalyseCrypto