Hempcoin
THC Ganja on WheelsTHC ( forgot to post:( ) has seen a break-out and further upward movement can be expected once we break the resistance level at 900 area! targets are on the chart if we do! On the Daily, we can see that the MACD hasn't crossed yet! This will follow once we break the resistance at 900 sats area! All other indicators point in the direction of a test! Trade active and Goodluck
HempCoin THC break signalAfter successfully breaking upwards from the bullish pennant of my previous THC-BTC TA, THC is now about to test the 885 Satoshi resistance line within 24 hours.
The odds of continuation of the rise are in its favor given the bullish momentum so far, news/hype surrounding the "weed coins" and the fact that it is a relatively low volume coin that easily spikes when gaining momentum.
If it would however fail to break the 885 Satoshi resistance line, it might drop to the 645 Satoshi support line. When it breaks 885 resistance THC targets are 1100, 1225 and its all time high of 1290 Satoshi.
THC: High Probability BounceIf you didn't catch the BITTREX:THCBTC -21.54% train before the massive rally this might be a good opportunity to catch a bounce which may lead to a retest of the previous high. THC 1.14% is currently oversold an has may be completing the initial correction from the original rally. It is uncertain where the price will be able to breach previous highs as there will likely be profit taking at those levels for fear of another drop. This is a definitely an alt that can make quick and decent returns but demands a high risk tolerance. Or you can just play it with a tight stop...