Ethereum

bullish

Waves

Bitcoin

<ul>
 <li>JASMY's price movements now align with Bitcoin and Ethereum, according to analyst Paul Webborn.</li>  
 <li>Webborn's analysis uses Fibonacci retracement to confirm JASMY's primary wave patterns.</li>  
 <li>He projects primary wave 5 for JASMY between $0.29 and $0.32, following intermediate waves.</li> 
</ul>  
<p>Paul Webborn, a prominent crypto analyst, recently shared insights about <a href="https://cryptonewsland.com/jasmy-price-dips-chart-shows-potential-to-rally-past-0-05-if-jasmy-breaks-crucial-resistance-level/" target="_blank" rel="noopener noreferrer nofollow">JASMY's wave patterns</a> on X. According to Webborn, JASMY's price movements are now aligned with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). He detailed the completed primary waves and provided a technical analysis using Fibonacci retracement.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/PWebborn/status/1820852869643317668
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-understanding-primary-waves-1-to-4">Understanding Primary Waves 1 to 4</h2>  
<p><a href="https://x.com/pwebborn?lang=en" target="_blank" rel="noopener noreferrer nofollow">Paul Webborn</a> explained the structure of JASMY's primary waves in three charts. In Chart 1, he circled the completed primary waves 1 and 2. Primary wave 1 included minor waves 1 to 5, while primary wave 2 consisted of intermediate waves labeled ABC. He used Fibonacci measurements to confirm these patterns.</p>  
<p>In Chart 2, Webborn focused on primary wave 3. He identified that it consisted of intermediate waves 1 to 5 and was approximately 6.854 times the length of primary wave 1. This wave structure showed a nearly perfect alignment with the Fibonacci table, which was adjusted to primary wave 2's completion.</p>  
<p>Chart 3 detailed the completion of primary wave 4 and the projection for primary wave 5. Primary wave 4 comprised intermediate waves WXY. This setup led Webborn to assert that primary wave 5 would consist of intermediate waves 1 to 5. He adjusted the Fibonacci table accordingly, reflecting the new alignment.</p>  
<p>Webborn set the targets for primary wave 5 between $0.29 and $0.32. He emphasized the importance of correlation between different assets, noting that this wave count aligns with <a href="https://cryptonewsland.com/expectations-soar-for-nftfn-to-outpace-btc-and-eth-in-price-jumps/" target="_blank" rel="noopener noreferrer nofollow">BTC and ETH</a>. This correlation supports the idea that JASMY has completed its primary wave 4 and is poised for its next movement.</p>  
<h2 class="wp-block-heading" id="h-implications-for-jasmy-investors">Implications for JASMY Investors</h2>  
<p>Webborn's analysis suggests a bullish outlook for JASMY, correlating with broader market trends. The alignment with BTC and ETH provides a robust framework for predicting future price movements. Investors and traders might find this correlation useful for making informed decisions.</p>  
<p>Webborn’s detailed breakdown of primary waves and Fibonacci measurements offers a technical foundation for understanding JASMY's potential trajectory. By following these patterns, investors can better anticipate market changes and align their strategies with broader crypto trends.</p>  
<p>Webborn's insights into JASMY's primary wave structure highlight the importance of technical analysis and asset correlation. His confidence in the completion of primary wave 4 suggests a positive outlook for <a href="https://jasmy.global/" target="_blank" rel="noopener noreferrer nofollow">JASMY</a>, aligning it with major cryptocurrencies like BTC and ETH.</p> 
<p>The post <a href="https://cryptonewsland.com/jasmy-btc-eth-correlation-insights/" rel="noopener noreferrer nofollow">Correlating JASMY with BTC and ETH: Insights on the Primary Wave Completion</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Correlating JASMY with BTC and ETH: Insights on the Primary Wave Completion

Table of Contents

Crypto News Land

Other articles published on Aug 7, 2024

BRETT Price Recovers 35% After Major Market Sell-Off, What’s Ahead?

Making Money during Bearish Market Through Immutable X and the Top Crypto Presale Happening Now

Cumberland buys the dip? Trading firm deposits $95M to exchanges

Michael Saylor equates Lummis’ BTC bill to ‘Louisiana Purchase’ – Why?

Binance Labs' New Investment: What is Particle Network?

Solana-Based Memecoins Surge in the Crypto Market

Join our free newsletter for daily crypto updates!