--- Update --- After the anticipated breakout of breaking $400 didn't occur, I posted a new bearish forecast 2 days later creating this chart seen here. Please take a look at my current forecast here: tradingview.com/v/WUC4JjYo/ --- Update ---
Against my bearish forecast from 1 day ago (tradingview.com/v/QZeGcIra/) the price seems to be much more bullish than I expected. After a very short test of $370 the price got back above $390 today on a Sunday, which opens the possibility of a new uptrend wave inside the established uptrend since $275. New resistance is the new pink line around $394-$400.
Tomorrow is the big day... although there is no knowing if a whale will dump, unconcerned with the usage of the coin.
But I'm in at 1100-1300 satoshis, so everything is gravy and I'm gonna hodl. There's obvious scalping at play. Caveat emptor.
ChartArt
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I hear that CANN is overhyped and starting to peak.
ChartArt
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1 day and 8 hours more later. Price could still go up and break out, but soon it could also fall back down. Monday might decide the direction:
ChartArt
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1 day later. It's still looking more or less good for a uptrend to break through $400 soon.
ChartArt
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6 hours later after I posted this chart and it's looking very good already.
There is now the first closed candle above my white DEMA line as support:
Maddie
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We need to get above 400's for 1,5 day. Than there will be a very good possibility that we'll reach 500 (at least) Take a look @ my chart tradingview.com/v/Ixmy2Bv1/ :)
HerSerenity
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Agreed, I currently see the $395/400 level as pivot as well.
Still, looking at ADX, band squeezes, stochastics, OBV -- the last upswing is lacking most indicators of sound wave up. Traded it as a short entry with a decent R/R ratio.