Jasmy Coin Update! Inside a larger Triangle. Could be til Dec. 8
Quick update for those of you asking:
Yes, Jasmy did break up and out of the first triangle/channel. You will notice this price action on the 4 hour chart here in correlation with our RSI. Some were expecting a bigger movement. Keep in mind though that not only is crypto in an overall short-term drawback phase of sorts, but also, the broader market sentiment is spilling over into our crypto markets.
That being said, the 4 hr. chart shows us that we could actually go all the way to December the 8th before moving outside of this second triangle. Patience is key here.
I have outlined the potential price movement should we remain in the triangle till around the Dec. 6-8th time frame.
Keep in mind, we still could also drop from here. Be careful in this market. Have your stops set.
Best of luck traders!