#JOE
is still trading below the descending trendline that has been forming since the high around $0.062+ in April. This yellow trendline has acted as dynamic resistance, with several previous recovery attempts failing to break above it. This structure indicates that sellers remain in control as long as price stays below the trendline. However, there is an interesting change in the latest structure. After forming a low around $0.02309 in early August, price began to recover and move higher toward the $0.03230 resistance area. It seems like Bullish/Buyers are continuing to maintain the bullish structure on this coin. The best recommendation for now, Buy after the price successfully breaks through this resistance line.
Short term target is at least 10%+ after breakout.
Important note, If the price is rejected again from here, then the seller will take control again.
