About meI'm not a financial advisor, that said, do your own research. The trend should be your friend. If not, wearing gloves whilst catching falling knives is strongly recommended. Due to bull & bear traps safety boots are mandatory. Scams are inevitable.
It looks like THC has potentially 2 bullish structures in the make that could bring it back to previous resistance (+/- 100% up)
1) A possible cup of cannabis tea with handle
2) Possible inversed head and shoulders (less likely)
Iota might retest red resistance line if daily closes within or above the white box but since their is a bearish divergence i wouldn't count on it.
On the other hand their also seems to be a bullish wedge in the make
It Seems Like Hempcoin found support around 0.01$.
THC has planted their seeds in the bottom and will probably start growing soon. It might need some help getting thru vegetative state but if all goes wel THC will flower pretty good.
Now that Pepe got into THC he's hopes are set on monster bud and giant cola's.
Either way, for now, THC seems pretty cheap for a...
As the title says this is just a thought. Other than one extremely well hidden clue no tradable advice can be found on this chart.
Although it might ,.. this chart does not necessarily reflect my opinion on the matter.
I do not care whether you hodl, accumulate, buy short or sell longs ;) and I do not wish to persuade anyone to do something.
I never make...
So here are some of the conditions that should be met before a double top (trend reversal) is actually confirmed.
Of course many other aspects also need to be considered but the few shown in chart above might helps some of you decide when needed.
This chart is not meant as financial advise. If you trade, trade safe and by safe I don't mean wearing security...