Elliott Wave Theory identifies five-wave market patterns (1-2-3-4-5) where wave 3 is typically the most impulsive and profitable move, and successful trading requires analyzing price structure, volume patterns, and support/resistance levels to identify market bottoms and potential upward movements.
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My Actual price target for Jasmy.Added:
What's up, guys? I got to tell you, I'm actually excited to make this video for Jasm, which is weird because I woke up today and I wanted to start talking about some new cryptos, potentially some new stocks. But I started to look more at JASM and do some more research. And this structure is actually very bullish. And in today's video, I want to tell you why that is. Okay. So, all I ask that you drop a like, you subscribe to the channel if you hold any Jasm or any stocks in crypto because I I'm mainly going to be talking about, just so you guys know, Jasmi, um, Litecoin, SoFi stock, and a stock called BKSY.
It's a new stock I've been adding to, Bright Future. So, if you want information on this type of stuff, make sure you subscribe and don't forget to grab your coffee. Here's mine.
All right, guys. So, let's get into it. So, the biggest thing I want you to understand real quick is this is very clear an Elliot wave type pattern, which for you and for me is very bullish.
Okay, there are some things that need to happen though for us to get a move like this, which I'll walk you through real quick. But let's go back in time. So, Jasmine bottomed here. Okay, back in the day. This was 2023. This is when I first entered Jasmi and it was very exciting.
We made a little bit of money and now we're holding JASM and no one's really making money right now. But let's walk through it. So we have wave 1, we have wave two, we have wave three, we have wave four and we have wave five. So the biggest wave is wave three. It's the most impulsive move. Okay, it's always best obviously now is a good time to be holding JASM me. I would say most people are probably down in their position or they're just adding to it every single week and waiting. But when we get the first wave, we're going to get a pullback. Okay, so the first wave I'm targeting is about 14 to5 and then we're going to pull back. So we got wave 1, wave two, and then the impulsive move, wave three. Just to put into perspective of the reality of what could happen for Jasmi here very soon, like in 2026.
Okay, it's already May 2026 is we could have a very impulsive move like this which was up 500%. So from the bottom of wave two to I mean that wasn't even the top of wave three but let's just say to this move right here but let's just do the top of wave three. So from the bottom of wave two to the top of wave three was about a 800 to 900% return in a matter of several months about 3 months. Not bad. Okay. So again, this is a very nice setup so far. We have wave 1, 2, 3. Wave four is a a deep pullback and then wave five. Okay, so the wave five is not as impulsive as wave three.
But here's the cool thing about JASM and why I truly believe it is bottomed and it's playing games with us right now. We have the A B C correction.
Very deep A, very deep C wave right here. But here's the thing. I truly believe this is bottom because we have been consolidating for so long since I think like every coin like February for three months now. And also we're holding this support right here. You can see back in the day this was support. This was support. Okay. When we broke this it was resistance. Broke through broke through. So this was resistance and then back tested support. ran up holding support from this wave two before. So I believe we are basically going to do something like this very soon. The other thing that's really good right now is this is a weekly time frame by the way.
But the thing that is good right now is the yellow is buy volume, the red is sell volume. So this week we have buy volume. Very good. Another good thing is we've created a higher low from this low. So you could see we have like a U shape right here, a rounded bottom. And I believe we're going to go up again here very soon. Okay. Now, this first wave might get us all the way up to two pennies. Or it might get us up to right here. This is just a path. This is not an exact path or an exact timeline. This is just what I believe Jasmine's future looks like. And I believe we'll get to eight to nine cents like I've been saying for a very long time now. So the move from now to 8 to n cents if you were to just buy right now let's say and you held till 8 cents that'd be about 1300% return.
So for me you know I have jasm a part of my portfolio. I I do believe it can 10x from here. A 10x we get us to just under 6 cents. And again, I feel really good about making this video today for these reasons. Um, this is a a great structure right here. Would I go all in on JASM right now? No. You don't really want to go all in on any crypto or stock. You want to be smart about this. But would I have a position in JASM me based off what I'm seeing here? Yes, absolutely.
But again, for us to start this move, guys, we have to get some volume. You know, this was kind of hinting a little bit. We got above the blue line right here, but then we sold off immediately.
So, we need to get more volume, okay?
Because if you go back in the past, you could see ton of volume here.
And then look at this volume started to build up, right? So, we could be in a situation like this or we could be in a situation like this, very low volume, but it started to build. Okay? and then boom, ton of volume. So, I don't want to miss this. So, that's why I hold it. Um, and again, the structure looks very good.
Um, it's it's honestly one of the best structures I've seen with crypto right now, which is surprising, but I do think Jasmi has bottomed and I do think we are going to start the next wave much higher and uh potentially have a top somewhere between 8 and 9 cents. And I will be taking profit. If you guys want to know exactly when I plan to sell Jasm, you want access to all my indicators, my sell indicator, all the stuff I show here on YouTube, you could join the links out down below. We have different options. It's up to you. I think it's a better investment than Netflix. Let's learn, let's grow, let's win. Have a good one.
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