JTO Price Update & Technical Analysis on a Daily Timeframe

١٣ أغسطس

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

As per our previous update, JTO dropped down and hit the accumulation range of $1.85 to $2.17. After the price was rejected from $3.33 to $1.937, a quick rebound followed.

The current price of $2.4 shows some consolidation, offering a good opportunity to accumulate if you missed the lower entries.

The chart will be re-analyzed if the daily candle closes below the support trendline.

Key levels:

- Support: $1.85 to $2.17.
- Resistance 1: $3.55.
- Resistance 2: $5.
- Higher Target: $7.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!