JASMY Technical Analysis Feb 4

The downtrend maintains dominance in JASMY’s market structure; while the latest LH/LL formation continues, a breakout above $0.0065 is critically important for CHoCH. The question of trend continuation or reversal depends on key swing levels.

Market Structure Overview

JASMY’s current market structure indicates a clear downtrend. While price consolidates at $0.01, bearish momentum is prominent with a 6.10% loss in the last 24 hours. The higher highs/higher lows (HH/HL) structure is broken; instead, the lower highs/lower lows (LH/LL) pattern dominates. This reflects successive declines at swing points: recent swing highs are progressively lowering, and swing lows are not holding support. Trading below EMA20 ($0.01) confirms the short-term bearish structure. Although RSI at 36.08 is approaching oversold, MACD’s negative histogram shows momentum remains weak. In multi-timeframe (MTF) analysis, 11 strong levels were identified on 1D, 3D, and 1W: 2 supports/2 resistances on 1D, 1 each on 3D, and 2 supports/4 resistances on 1W. These levels will determine structural integrity. Overall, watch for a breakdown below $0.0058 for downtrend continuation; otherwise, consolidation may extend. Market structure analysis is based on price action: as distances between swing points narrow, increased volatility is expected.

Trend Analysis: Uptrend or Downtrend?

Upward Trend Signals

It’s too early for HH/HL structure; bullish continuation target at $0.0096 (score:26/100) is low probability. Potential bullish signals could come from breaking above the $0.0065 swing high and forming a new higher low (holding above $0.0058). Remaining below EMA20 preserves short-term bearish bias. Slight RSI recovery (above 36) could be useful for divergence hunting, but the trend won’t change without CHoCH (change of character). Educational note: A bullish trend is defined by successive HH/HL – each new high must exceed the previous high; lows must also rise.

Downward Trend Risk

LH/LL structure dominates: Latest swing high at $0.0061 (score:74/100) failed previous lows. $0.0058 and $0.0053 swing lows are critical supports; a break leads to bearish breakdown to $0.0025 (score:21/100). Supertrend bearish signal and $0.01 resistance reinforce the downtrend. MACD negativity confirms downward momentum. Watch: New LH confirmed by close below $0.0061.

Structure Break (BOS) Levels

BOS (break of structure) confirms trend change. Bearish BOS requires breakdown below $0.0058 swing low – this extends LL and activates $0.0053/$0.0025 targets. Bullish BOS comes with close above $0.0065 swing high; breaking $0.0061 initiates CHoCH and opens HH/HL path. Strong 1W resistances around $0.0065 in MTF require volume-backed breakout. Educational: BOS occurs with break of the latest swing point – beware false breakouts, wicks can be misleading. $0.01 Supertrend resistance is a short-term BOS obstacle.

Swing Points and Their Importance

Recent Swing Highs

Recent swing highs show LH pattern: $0.0065 (score:64/100) main resistance, $0.0061 (74/100) secondary. Rejection at these levels strengthens downtrend. Breakout opens path to $0.0096 but low score. Importance: LHs indicate seller control – retry tests are opportunities.

Recent Swing Lows

Swing lows are strong supports: $0.0058 (84/100) primary, $0.0053 (81/100) secondary. Holding enables bounce; break causes cascade to $0.0025. Educational: Swing lows define buyer defense – tested with volume spikes. 1D/1W MTF alignment makes these levels critical. Detailed charts available in JASMY Spot Analysis and JASMY Futures Analysis.

Bitcoin Correlation

BTC in downtrend at $73,266 (%-4.22), Supertrend bearish – risky for altcoins. JASMY highly correlated with BTC; BTC break below $72,169 support tests JASMY $0.0058. If BTC resistances $74,136/$78,839 are surpassed, JASMY bullish BOS chance increases. BTC dominance rise crushes alts; sub-$72k cascade triggers JASMY bearish targets. Watch: BTC $69,333 support syncs with JASMY $0.0053.

Structural Outlook and Expectations

Structural outlook is bearish: LH/LL continuation likely, breakdown if $0.0058 doesn’t hold. Bullish requires $0.0065 BOS, supported by BTC recovery. Patience in low volatility; no news prioritizes price action. Risk management: Stop-loss based on swing lows. Long-term, 1W levels are decisive – downtrend invalidation requires HH above. This analysis is price action focused; indicators are supportive.