Get started

Cryptoyivves

Marijuana Coin - $THCSo today i decided to look at a coin that broke up a few days ago (i didn't get in before the call), The Hemp Coin or $THC. At a high of 1290 Sats 1 day ago, it has dropped about 50-55% of its value to 500+ sats today. I will be looking at the market trend now. The horizontal dashed line is a support/resistance line that has been tested and proven itself many times in the past. Further, this line has been further supported by the ichimoku clouds that lend strength to this support. As we can see, $THC has tested this support last night and have yet to break under it. I think that $THC will continue to test this line judging from the consistent bears and reduced volume. My opinion is to HODL until it closes under the support (then you should sell off majority of your holdings in $THC) OR look to buy if it closes under.
Short
by cryptoyivves
IOTA shaky, but still hodling within trendlineCryptoyivves here again, now talking about $IOTA. IOTA seemed to be picking up steam after the recent bullish run by $BTC since Friday night. However, after testing 0.500Fib yesterday at 11am, it seemed like it will make a U-turn back down. $IOTA went back down past the 0.328Fib support (to much of my dismay), but was stopped by another upward trendline. Volume is low and dropping which shows market indecision and neglect as well. For now, we will need to keep an eye on whether $IOTA finds support at the 0.328Fib or goes further down to test the upward sloping trendline again. Should $IOTA break support of the inclined trendline, I would think it will go down to test the 0.236Fib. For now, I would HODL to see the next few closes of $IOTA.
by cryptoyivves
3
NEO/BTC to test 0.328 FibHi all, Cryptoyivves here again. After yesterday's crazy bull run by BTC, most if not all altcoins are down double digit percentage points. Let's now look at the recovery by some of the more well known altcoins starting with NEO. As we can see here, NEO is recovering somewhat nicely, blasting through the 0.236 Fib easily 4 hours ago. However, the last 3 hours have showed some slight weakness in the bulls after testing the 0.328 Fib line, the bulls were unable to test the line again in the recent 2 hours. A further confirmation can be seen by the volume, decreasing slightly in the past 2 hours. I would consider a HODL now for those that got in earlier today. And for those who intend to get in, you may set a buy order at the 0.236 Fib support.
by cryptoyivves
2