Cannabiscoin has broken out of a triangle-structure and is getting ready for a move up. The market cap is relatively low ($23.470.940 USD) with a circulating supply of 77,231,176 CANN; meaning the market still has a lot of growth potential.
Target will be around the 0.00008000 satoshi-levels. If the price holds there, it can even go higher.
Adios.
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Watch for a break below 0.00001455-satoshi; until that time, the momentum is still up.
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A H4-close INSIDE the greenbox would most likely mean more downside. Trade is still active.
Trade closed manually
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Im out.
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You can still hold though, IF it breaks to the upside, the party will be fun.
I put my buy order and auto sell order in. Let's see how this goes. You think 8000 sats is conservative? When you say "Long" position do you mean 3-6 months? Or weeks?
Alireza_ITS
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@cksagherian, When we break out of this structure, you have to understand that alot of FOMO will kick in. The market cap is very low, with a max supply which is relatively small. When money starts flowing in, the price can increase fast. So i'll give it 2/3 weeks before it reaches the 8000 satoshi-levels. Maybe even faster.
But remember its a crypto market; everything can happen. ;)
cksagherian
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@artm92a, Thanks for the quick reply! Do you have a twitter? I'd like to follow you. I know what you're saying, I follow you a lot on here and you provide great analysis so I thought I'd humor you on this one and make a trade. I'll keep a close eye on it in the coming week. Thanks again!
Alireza_ITS
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@cksagherian, You're welcome! Unfortunately i dont have an Twitter account right now ;(, you'll be the first one i message the day i make one ! :)