🔥Today, I want to analyze the Jupiter(JUP) project for you; this is one of the trending projects and has recently been listed in the exchanges.
📚What Is Jupiter(JUP)❗️❓
As one of the industry's most advanced swap aggregation engines, Jupiter excels in delivering essential liquidity infrastructure for the Solana ecosystem. Moreover, Jupiter is actively expanding its DeFi product offerings, featuring a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
🏃♂️Jupiter(JUP) is moving near 🟡Potential Reversal Zone(PRZ)🟡.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
🌊According to the theory of Elliott waves, Jupiter(JUP) seems to have succeeded in forming a corrective Leading Diagonal.
📚From the point of view of Classical Technical Analysis, the Leading Diagonal is the Falling Wedge Pattern.
🔔I expect Jupiter(JUP) to rise to at least the 🔴Resistance zone($0.57-$0.55)🔴 after breaking the upper line of the Leading Diagonal.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Jupiter Analyze (JUPUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📚What Is Jupiter(JUP)❗️❓
As one of the industry's most advanced swap aggregation engines, Jupiter excels in delivering essential liquidity infrastructure for the Solana ecosystem. Moreover, Jupiter is actively expanding its DeFi product offerings, featuring a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
🏃♂️Jupiter(JUP) is moving near 🟡Potential Reversal Zone(PRZ)🟡.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
🌊According to the theory of Elliott waves, Jupiter(JUP) seems to have succeeded in forming a corrective Leading Diagonal.
📚From the point of view of Classical Technical Analysis, the Leading Diagonal is the Falling Wedge Pattern.
🔔I expect Jupiter(JUP) to rise to at least the 🔴Resistance zone($0.57-$0.55)🔴 after breaking the upper line of the Leading Diagonal.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Jupiter Analyze (JUPUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade closed: target reached:
First Target ✅Done✅
Comment:
JUP lost the 🟡Potential Reversal Zone(PRZ)🟡, and probably, if the market corrects, it will fall more; for now, you can hold on to buy.