JasmyCoin Chart Analysis

The thing about the altcoins vs USD/USDT is that most of them move just like Bitcoin and this is the case with JasmyCoin (JASMYUSDT).

I am doing this analysis on the request of @Jay3000, a precious follower of ours.

So, the chart is the same as Bitcoin.

Peak/All-Time High in November 2021 followed by a major downtrend.
Lower low with lower highs.

There is just one question possible here, is the downtrend over?
Is the bear market over?

Impossible to figure out from the chart.
We only know after the bottom is in.
We can only know when the bottom is in/confirmed when the downtrend is broken.

As long as the downtrend remains active, our bias remains with the trend.

We can expect lower prices until the downtrend ends.

What to expect?

It is likely we see another major drop as the bear market climax or the bottom can... This is just guessing ...
Here is what the chart says:

- Above $0.0065, the bulls can move ahead.
- Any trading below this level and the bear market hasn't end.

I hope that helps.

Namaste.

Yorum:

Update for JasmyCoin as requested in the comments section!