THCBTC
CANN Cannabis Coin Low coin count. Undervalued. Load up!Flag pennant closing, 50 day moving average right below us, and RSI moving into the buy zone. All signs point to a pop in my opinion.
With a very low coin count this could move again crazy fast. Only 91,859,176 coins!!!! That's more than half of Hempcoin THC and
a quarter Potcoin POT which are trading at much higher levels. Get them now because they are going to be hard to come by soon.
Buy Zone 1500-1800.
Target 1: 0.00002280
Target 2: 0.00002986
Target 3: 0.00004710
THCBTC AnalysisHello folks,
Another analysis, let's give it a shot shall we!
THC is high in volume, which is why I believe analysis is possible, since there's a lot of eyes at it, which gives indicators more credibility (BITTREX's POV).
I've marked possible Buy/Sell/Stop-loss area's for you to create a trading strategy around. I'm just curious to see how it will unfold.
Seeming to go into a downtrend, yet I see bullish candlesticks; Hammer Candlesticks.
With the yellow lines I marked a possible convergence point, which - could - lead to a break-out at the crossing.
- Or -
It will go down further, creating a LH (Lower High) LL (Lower Low) downtrend, which would indicate it won't make a bounce back up, so either one is possible.
The support line is however right at the stop-loss line. If that is broken, I would take it as a selling point for your strategy, other wise I believe from there a new trend can be started.
Goodluck folk!!
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-BTC HempCoin about to break bullish pennantThe THC bullish pennant is about to break. The orange lines are based on the 1 day chart candles, the green and red lines are based on the 30 minutes chart candles.
It has a high probability to break upwards, given the long term bullish trend and increasing general momentum for the "weed coins". If an upwards break generates a big pump it could test and possibly break the all time high of 1290 Satoshi.
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.