JOE about to break downAs the formation of Symmetric Triangle, I will wait for a break down for confirmation for a short as on the chart.
JOEUSDT.P trade ideas
JOE / US Dollar (JOEUSDT) Token Analysis 11/09/2023Fundamental Analysis:
JOE (JOE) serves as the native token for Trader Joe, a decentralized exchange (DEX) operating on the Avalanche (AVAX) blockchain. Trader Joe offers a range of DeFi services, including swapping, staking, and yield farming. Since its launch in June 2021, the exchange has experienced rapid growth, attracting over $4 billion in total value locked (TVL).
Trader Joe places a strong emphasis on a community-first approach and values innovation, speed, and security. The platform aims to provide a comprehensive DeFi experience, offering various services while prioritizing the safety of its users' assets. To achieve these goals, Trader Joe has laid out an ambitious roadmap for 2021, focusing on token-holder growth. This roadmap includes plans for enhanced staking, the addition of non-fungible-token (NFT) exchange listings, collateralization of the JOE token, and the introduction of leveraged trading features.
Trader Joe offers a full suite of features akin to a modern decentralized exchange (DEX) and combines this with a user-friendly interface, ensuring swift and cost-effective transactions. Users have the option to participate in yield farms, providing liquidity and earning JOE (JOE) tokens as rewards, which can subsequently be staked and used for voting in governance proposals.
In addition to its DEX functionality, Trader Joe operates a lending protocol known as Banker Joe, built upon the Compound (COMP) protocol. This non-custodial lending platform enables users to both borrow and lend funds. Furthermore, users can open leveraged positions, utilizing either their provided liquidity or borrowed funds.
Trader Joe is committed to enhancing the utility and adoption of the JOE token. To achieve this, the project is working on several key additions, aiming to establish itself as the primary DeFi platform within the Avalanche ecosystem. These forthcoming features include the ability to use JOE as collateral for borrowing, the introduction of limit orders, and the inclusion of options and futures trading on the platform.
Thanks to its rapid pace of innovation and distinctive comic book-inspired branding, Trader Joe has attracted substantial support from prominent figures within the DeFi community. Notable backers include Stani Kulechov, the founder of AAVE (AAVE), and Darren Lau, among others.
Trader Joe operates on the Avalanche (AVAX) blockchain, which features a distinctive proprietary consensus mechanism. In this mechanism, all nodes engage in processing and validating transactions by utilizing a directed acyclic graph (DAG) protocol.
At present, the management of the project's treasury is entrusted to its developers, Cryptofish and 0xMurloc. However, the Trader Joe community has plans to establish a multi-signature governance mechanism in the future. In the interim, token holders have the ability to vote on the development of the protocol through the Snapshot platform.
Trader Joe was founded by two pseudonymous developers known as Cryptofish and 0xMurloc.
Cryptofish is a self-described full-stack and smart contract engineer who played an early role in various Avalanche projects, including Snowball and Sherpa Cash. Prior to this, Cryptofish worked at Google and holds a Master's degree in Computer Science from a U.S. university.
On the other hand, 0xMurloc is a full-stack developer with a background in launching several startups and serving as a Senior Product Lead at Grab.
In addition to Cryptofish and 0xMurloc, the Trader Joe team comprises over a dozen other pseudonymous contributors who work across various areas, including software development, marketing, and community management.
The total supply of JOE (JOE) amounts to 500 million tokens. Notably, JOE was introduced to the market without any pre-sale, private sale, or pre-listing allocations.
The distribution of JOE tokens is structured as follows:
50% allocated to liquidity providers.
20% allocated to the project's treasury.
20% designated for the team, subject to a three-month cliff period.
10% reserved for future investors, also subject to a three-month cliff period.
JOE tokens are being emitted over a 30-month period, and individuals staking JOE can earn 0.05% of all trades conducted on the platform. Furthermore, JOE tokens are designed to share a portion of the fees generated from lending interest and liquidations with the staking pool.
It's important to note that the emission rates of JOE are programmed to progressively decrease over time and are set to conclude at the start of January 2024.
Technical Analysis:
We have applied Fibonacci retracement tools, extending from $0 to its all-time high (ATH) of $2.79. Within this analysis, we have identified potential support and resistance areas on the chart based on the retracement levels.
In addition to the retracement levels, we have utilized Fibonacci projection tools to delineate additional potential support areas below the previous all-time low price. This projection is based on the most recent market cycle. Consequently, we have established two potential support levels at $0.13 and $0.07.
Furthermore, we have outlined three potential price targets using the Fibonacci retracement levels from the ATH cycle. These targets are anticipated within the next few weeks to months and are as follows:
First Target Price (1 TP): $0.6
Second Target Price (2 TP): $1.065
Third Target Price (3 TP): $1.4
These levels serve as key reference points for our analysis, guiding our expectations for future price movements.
Sentiment Analysis:
Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels.
JOEUSDT is inside a big Falling WedgeJOEUSDT is currently forming a falling wedge pattern. This pattern is characterized by a narrowing range of price movement between two converging trendlines and is often considered a bullish reversal pattern.
Falling Wedge Formation: A falling wedge is being observed in the price chart, typically preceding a breakout. Falling wedges are generally associated with bullish sentiment.
Clear Breakout of $0.30: The expectation is for a clear and decisive breakout above the $0.30 area. This breakout is regarded as a bullish signal and frequently leads to an upward price movement.
False Breakout: It is also noted that there's a potential scenario of a false breakout following the initial clear breakout. A false breakout occurs when the price briefly surpasses a resistance level or pattern boundary but fails to sustain that position.
New Long Position: Following the false breakout, there would be consideration of opening a new long position. This strategy assumes that the initial breakout was a false signal and that the price will eventually resume its upward trajectory.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
JOEUSDTJOEUSDT is trading in almost symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 0.3000.
What you guys think of this idea?
A Small Trade Joe.Here is My Study On JOE.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
Joe abuy Trade. Here is My Study on JOE.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
weekly longDO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
I hope you are always profitable
JOE BOTTOMED OUT ? LONG SETUPJOE is currently on strong support and expected to breakout out of the pattern.
GREEN LINES are the take profit.
BEST OF LUCK
NFA DYOR
JOE preparing for next leg upBe patient JOE looks bullish
Take profit partially
0.5990
0.63
0.645
0.666
0.72
JOE Sell Trade Here is My Study On Joe.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
JOE daily ( Buy Scenario ) Cryptocurrency JOE shows promising conditions for price growth, as evident from two distinct key levels. We expect a potential price surge based on our analysis. In case the price breaks below the identified support area, there is a possibility of a price reversal towards the upside around the $0.22 level.
risk cancellation 3Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
SasanSeifi 💁♂️JOE/USDT👉4H🔻Hey there,
◼As you can see in the 4-hour time frame, the price has been accompanied by a corrective trend within the range of 0.45. Considering the breakthrough of the low support level at 0.3640, we can expect the price to range towards the support level at 0.34 and the bullish breaker block range, followed by a correction.
◼ To better understand the continuation of the price trend, we need to observe how the price reacts to the support levels . It's possible to witness a positive price reaction around the support level
Important resistance levels to watch out for are 0.38 and 0.39.‼❗
❎ (DYOR)...⚠️⚜️
🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.
🔶Wishing you successful trading and profitable opportunities! If you have any further questions or require additional assistance, feel free to ask.✌
🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
Joe interesting Joe, daily bullish breaker mitigation, 3h bb+ mitigation, price is balanced.
Looking to long around this region.
Stochastic with no momentum.
NFA
JOE token formed bullish BAT for upto 12.50% moveHi dear friends, hope you are well and welcome to the new trade setup of JOE token with US Dollar pair.
Previously we caught almost 50% pump of JOE as below:
Now on a 4-hour time frame, JOE has formed a bullish BAT move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
JOE longJOE broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.4722 is expected to happen.
#joe short RR 10bad momentum for Joe, It has not yet reached its support and it is necessary to short it, it still has enough liquidity below. the risk is low
#joe long RR 11 r i s k yits support is very thin and it looks very delicate but it can be a great trade with a very short stoploss.
#JOEUSDT: A Remarkable 439% Growth and a Promising Future💎 This year, #JOEUSDT has demonstrated an impressive performance, showcasing a maximum growth of 439% since January. However, following this parabolic rise, there was a sharp decline, leading the price to correct down to a key demand zone.
💎 After a successful bounce from this support area, we are now witnessing higher highs and higher lows, with #JOE moving within an ascending channel. Yesterday, the price retraced back to the bottom of the channel but managed to close above it, indicating positive price action.
💎 This favorable price movement strengthens the probability of a continuation of the long-term uptrend. As long as the price remains above the C-wave of the previously established ABC correction, we can anticipate further upward movement. Two double Fibonacci resistance levels suggest a potential 50% price increase in the upcoming weeks.
💎 It's important for the bulls to remain vigilant, as a daily break below the ascending channel would be a first warning sign. However, it's crucial to note that only a break below the C-wave would invalidate the bullish outlook.
Our ParadiseClub members can count on us to stay watchful and keep them informed about any developments.
Bearish Flag Alert: #JOEUSDT Analysis and Projections💎 #JOEUSDT has recently broken below an ascending channel, indicating a potential Bearish Flag pattern. However, it's important to note that the price has not yet breached the key demand zone near the psychological level of $0.3. As a result, while the probability has shifted in favor of the sellers, we may still anticipate an extended consolidation period before witnessing a decisive break below the critical support.
💎 In the bearish scenario, we can expect #JOEUSDT to experience a possible pullback, with price either testing the resistance level identified by the Volume Profile or the 61.8% Fibonacci level. Nevertheless, we must also consider the possibility of a continuation of the rapid downward movement. Bears could potentially drive the price towards the 227.2% Fibonacci support level, ultimately completing the bearish flag pattern.
💎 On the other hand, if we explore a bullish scenario, it is crucial for #JOEUSDT to establish a new higher high while respecting the current support. This would indicate a potential upward trend.
📊 Keep an eye on the price action, Paradisers, as it unfolds. Stay alert and trade wisely! Your ParadiseTeam is here to support you on your crypto journey. 🌴💪
