JASMY Update — Back To Where We Coming From!

When the market dropped yesterday, JASMY followed and broke below the 0.02 resistance.

However, this was only temporary, and the price was returned above the important level.

As mentioned yesterday, a close below 0.02 on a higher timeframe might have triggered more downside potential towards 0.016.

Well, now we are back where we were: Trading in the triangle and approaching the corner. At the same time, it is not possible to indicate a trend. The MACD is probably the best example of indecisiveness (check below).

Nevertheless, from my perspective, we are getting closer to a big move. A break to the upside should send us quickly to 0.024 and beyond — a break to the downside towards 0.016.

So, get yourself prepared.