$JASMY update, Failed bull flag but not bearish still!
The bull flag breakout didnt have the momentum to break the main resistance at 0.006$ and hence we consider it as a failed flag although it did break out to the upside!
Now I see a larger triangle ascending upwards and as i tweeted yesterday about the consolidation being good, If this stays in this range for 2 more days as expected by the arrows, we can see this fly upwards still towards 0.00736 but this time the move will be more confident and assured! It would have consolidated in a longer pattern and would no longer be two day pump and dump, so yeah the move will be worth the wait!
The more it consolidates in the pattern, the better move we get to the upside.
After hitting the high near 30$, it plummented and now is on the downwards spiral.
Expect it to touch 10$ that would be near 70% retracement and we might be done with the rally here. Can see an oversold bounce upto 20$ but breaking 30$ is not pretty viable here!
The bull wave formation is here and this is bound to run, the downtrend of 2023 is over! Weekly chart breaking out! Target still the same at 0.06$ for 3x.