How the House Won with WEEDLooks like a picture perfect victory for the house on WEED. Would like to see a bit of a consolidation so I can get a solid feel for which directional we will see next.
Weed
MGW looks to be breaking under its shorterm uptrend TSXV:MGW broke above a falling wedge this morning looking bullish, however it has encountered quite a bit of resistance in the $1.5-1.6 region and looks to be resuming its previous downtrend, possibly to retest resistance at $1.10
MYMMF breaking down after symmetrical triangle patternOTC:MYMMF has made a good run up just short of $4 following the large increase in the presence of the up and coming cannabis market. That being said it looks like the market sector in general is in a consolidation period and that does not exclude MYM which has broken down after completing symmetrical triangles and hitting upper resistance at $3.4
MJNA Target 0.50 - 1.00This stock is pretty much looked at as the otc ETF for the marijuana sector.
Target based on the sector. The other targets I have mentioned are based on company financials and fundamentals
Business Description
Medical Marijuana Inc. (OTC Pink Sheets; MJNA) is the first publicly held company vested in the cannabis and industrial hemp space in America. Through its subsidiaries and investment holdings the Company focuses on the development, sale and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol ("CBD") and other products containing CBD-rich hemp oil ("Legal Hemp"). Company products are formulated for the pharmaceutical, nutraceutical and cosmeceutical industries, including dietary supplements, prescription-based hemp oil for sale in countries that have legalized our hemp oil for the treatment of various illnesses and conditions (such as Brazil and Mexico) and skin care products. The Company is not in the business of selling or dispensing either recreational or medical marijuana, directly or indirectly, so long as marijuana remains a federally controlled substance, however, we are poised and consider ourselves well-positioned for eventual cannabis legalization (the Company's products contain only those substances that are derived from the part of the cannabis plant that is excluded from the definition of marijuana under the Controlled Substances Act and are both federally legal and outside of the purview of the Drug Enforcement Administration).
Medical Marijuana, Inc. and Subsidiaries HempMeds® Mexico, HempMeds® Brazil and Kannaway® Announce 2017 as the Largest Revenue Year in Company History
PR Newswire
SAN DIEGO, Jan. 8, 2018
SAN DIEGO, Jan. 8, 2018 /PRNewswire/ -- Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that the Company and its subsidiaries HempMeds® Mexico, HempMeds® Brazil and Kannaway® generated the largest-ever (unaudited) revenue year in its history in 2017, as well as reached major milestones in its business operations.
In 2017, Medical Marijuana, Inc. had a number of significant accomplishments, including:
Experienced year over year revenue growth of more than 300% compared to 2016
Medical Marijuana, Inc. CEO Dr. Stuart Titus spoke at several national and international cannabis conferences including A4M Mexico, the California Cannabis Business Expo, World Medical Cannabis Conference & Expo, ExpoWeed, the International Fair of Medical Cannabis and the Marijuana Business Conference & Expo
Announced the promotion of Vice President of Operations, who also serves as Kannaway CEO, Blake N. Schroeder, Esq., to Chief Operating Officer
Appointed Alex Grapov as new International Vice President, Jim Gibson as new Vice President of Operations and Stephen Jones as Chief Marketing Officer
Medical Marijuana, Inc. subsidiary Kannaway® was the first direct sales company to offer phyto-cannabinoid botanical products to consumers. A family-oriented company, Kannaway® encourages its brand ambassadors to create their own successful distribution businesses that will positively benefit the wellbeing of the people around them.
In 2017, Kannaway® had a number of significant accomplishments including:
Launched new products including a Hempy's® line of clothing products, Kannaway® Energy Chews, Kannaway® Essential Oils, updated HempVAP® Terpene-infused Vape, Kannaway® SuperGreens and Kannaway® Pure Gold
Announced international expansion with the establishment of Kannaway® Europe
Experienced year over year revenue growth of more than 500% compared to 2016
Achieved the largest sales year in its history.
HempMeds® Mexico is Medical Marijuana, Inc.'s distribution branch in the country, focusing on providing non-psychoactive cannabidiol (CBD) products to the people of Mexico. HempMeds® Mexico was the first company to have a medical cannabis product approved for import into Mexi
Cannabiscoin, Long (350%): Might go to planet WeedHi everyone,
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.
Potcoin Looking To Get HighPot look bullish to me. Cup and handle pattern seems to be forming. RSI strong. Stoch allows for growth. MACD holding strong. Price above cloud. Just need volume break of the top of the handle.
Rocky Mountain High BrandsMomentum play from the California legalization hype surrounding weed stocks in the United States. Still time to get in.
Man, That's Dope!There's a lot of hype around the weed coins at the moment. Apparently there are a lot of countries going to legalize weed in the new year. I don't trade based on this info, but here's a chart with my thoughts.
DopeCoin (DOPE-BTC) forming cup and handle pattern TA updateDopeCoin (DOPE-BTC) has seen bullish momentum since it broke out the long term descending triangle last week. Three days ago, in my previous DopeCoin trade analysis, I predicted the forming of a cup and handle continuation pattern. This is an update to my previous TA.
After retracing the first peak, the trend got in perfect sync with the direction of the previous ascending trend line (extrapolated in the chart).
On december 26th Bitcoins price was volatile and most alts, including DOPE, dipped during this moment of sudden market panic. Dope has recovered by now and is heading back to the plotted course I predicted in my previous TA on DopeCoin.
DopeCoin has kept its head up high during the recent times of BTC volatility, it has dipped a bit, but bounced from strong support at Fibonacci lines and shows a bullish trend towards the aforementioned cup & handle pattern.
With weed legislation enrolling on January 1st 2018 in many countries all over the world, the weed coins have a very bullish momentum. The developer op DopeCoin has recently announced enrolling a payment system throughout the weed industry.
You can enter DopeCoin at the stars (break points) indicated in the chart. Do notice that the actual break points may shift if/when the trend deviates from my predicted path. Always enter only after confirmation of an upwards break while finding new support. Learn more about cup and handle patterns and how to trade them on Investopedia: www.investopedia.com
1st sell target: 1090 satoshi (only for yellow trend scenario/low cup)
2nd sell target: 1290 satoshi
3rd sell target: 1625 satoshi
Stop loss: below the lower blue dashed trend line (depending on time of entering 750 ~ 950 satoshi
As always trade safe: monitor your trades and set (phone) alerts and stop loss orders, especially at times when BTC is more volatile
I hope you can put my TA to use and make a good profit based on my signals. If you want, you could tip me after a good profit. Thank you!
Bitcoin -10.18% address: 13MJSpaqqpBm9JfqNUFt424CQZBF8TKHYa
Ethereum -6.52% address: 0x105e37a11abfcfa80ab51c00bc6837f65183af64
THC-BTC Cup in handle?California set make weed legal on January 1, what do you think? See link below
www.businessinsider.com
Now is the perfect time for entry
OGI Short Target: When The Sector Pulls Back (OHH and It Will!)The MJ sector will have a sharp retrace sometime in the near future. WHEN it happens:
Target the weakest names
If anyone has any tickers that they would like to share as potential targets please leave a comment
DopeCoin DOPE-BTC bullish break continuation Followup on my DOPE-BTC DopeCoin TA from yesterday. As predicted DOPE broke out the 500~575 zone to the 600~650 zone.
Dope is on the right track to break out for handle confirmation on the big multiday cup at point A. If it however fails to break out at point A it could target point B for the smaller cup handle.
Mid/long term TA history combined with this short term TA shows a bullish break for DOPE, there is a lot of momentum and hype for "weed coins" at the moment (THC right now for instance, which I predicted as well). January 1st a lot of weed legislation will become active in many places allover the world. DOPE could give good short or even mid term profits because of all this.
Buy target: 675~690 satoshi at handle break confirmation A or B (if A fails)
Stop loss: 500 satoshi
Sell target 1: 990 satoshi
Sell target 2: 1190 satoshi
Sell target 3: 1640 satoshi
HMMJ: Marijuana dips dont scare me The marijuana sector is blowing off some smoke after the latest toke up party. The sector is news fueled and volatile but has many buyers on the sidelines so I expect dips to continue being bought. I am a buyer of support levels and a seller of major spikes when we're clearly over extended.
Supports:
1) 13.83
2) 12.00-12.15
3) 11.13
Sell targets:
Over-extended rallies where daily RSI is 70+ and we're showing weakness on 1-4 hour timeframes.
IIPR: Symmetrical Triangle Potential Symmetrical Triangle Continuation Cycle. Very similar to the pattern we had with WEED that broke bullish.
DopeCoin (DOPE-BTC) short term bullish breakDOPE bullish forecast. DopeCoin broke out of a midterm descending triangle/pennant and has formed a cup in the past week. The handle could break upwards soon at point "1" or "2".
Yesterday I have correctly predicted the THC run. DOPE could be the next weedcoin to profit from this momentum combined with the trend that it is showing.
Buy at break signal 1 or 2. Stop loss order around 400. First two sell targets are just under 700 and 1000 Satoshi.
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.
WEED: Make or Break(down)WEED has formed a second downtrend line off of the previous False Break. That part may be open to debate but this is clear. Both downtrend lines are in play, and this pattern will break soon. This should be a clear play whichever way it breaks.
Weekly breakout approaching on this marijuana REIT 1-year long consolidation. Watch close this Friday.
Aphria Get Ready to Load the BoatI am very Bullish long term on the Canadian MJ sector. I like the odds of a nice buying opportunity in the next couple weeks or so.
WEED Triangle and the Bull Market We had a false breakout on the continuation cycle, but there is still a possible triangle pattern.
Dash rolling up the right stuff, must have in portfolio!Forget about Potcoin, Dash is for you pot heads out there!
But also for your regular joe, Dash is penetrating the market from most angles.
Fundamental
While I am writing this up something came along and I need to go, so will have to fill in my thoughts on Dash's fundamentals later. I'll post a comment later on.
Technical
Same as above.
Numbers
Buy - 470 USD
First Sell - 640 USD
Second Sell - 880 USD
Stop Loss - Below 400 Support
