The Playbook: JASMY, Looks ready to rip. Wait for Confirmation!
Looking like a possible runner on the daily time frame. Wave 1 of Elliott Wave complete with a surge of inital momentum (yellow line crossing red line in upwards direction). That is the inital impulse of the wave. It looks almost ready for Wave 2.
I'd enter a position when the Chande momentum yellow line crosses above the 10-day moving average red line on the daily candles. For further confirmation, if the RSI crosses above the 10-day moving average (orange and blue lines) then that will reinforce the buy signal.
I'd hold this position for days until the either the chande or rsi peak and cross below the 10-day. This will be the sell signal.
The downside? BTC might rain on JASMY's parade. BTC current drawdown may keep JASMY from making that inital momentum push to get the 2nd wave started.
Consensus:
JASMY looks ready but wait for the confirmation from indicators below.
I'd enter a position when the Chande momentum yellow line crosses above the 10-day moving average red line on the daily candles. For further confirmation, if the RSI crosses above the 10-day moving average (orange and blue lines) then that will reinforce the buy signal.
I'd hold this position for days until the either the chande or rsi peak and cross below the 10-day. This will be the sell signal.
The downside? BTC might rain on JASMY's parade. BTC current drawdown may keep JASMY from making that inital momentum push to get the 2nd wave started.
Consensus:
JASMY looks ready but wait for the confirmation from indicators below.