Let's take a look now at CannabisCoin ( CANN ), the third out of four marijuana altcoins that we are analyzing and trading. I recommended these coins, Potcoin (POT), CannabisCoin, HempCoin ( THC ) and DopeCoin (DOPE) a few weeks back in our VIP chat group and Top Altcoins for Long Term Hold post.
Here you get all of the details about these specific coins. As we get closer to the next bull run for the altcoins market, I will be sharing more and more trade analysis of coins that have huge potential to make us easy money.
In order to make money trading you need to follow the simple instructions that I share below, let's have a quick review of the steps necessary in order to make money trading altcoins:
-Buy within buy-in range. This is the buy in price that I share in the "trade instructions" section below.
-Hold while you wait. This is simply waiting... Patience.
-Sell on target. You sell when a target is reached. You do this by placing a sell order before the price is reached. You can sell a portion or all of your coins depending on your strategy. You can get more information here.
CannabisCoin ( CANN) Trade Analysis by Alan Masters
Charts, signals & indicators
Let's start by looking at the Bittrex chart for the CANNBTC pair since December the 20th, when CANN broke out and had its strongest run for the year 2017. The potential is equally big for 2018. Let's look at the chart...
- Let's start from the left. The red vertical line all the way to the left of the above chart marks the 20th of December, when CANN started to breakout and had its huge run, increasing in price over ten times in a few short days. Notice the open price of the breakout day is the same as the bottom reached on March at around the 440 satoshis level.
- Notice the Positive Divergence on the MACD . Marked by a black line.
- The RSI is already reaching the overbought line, which means that there will be a retrace before moving forward and the DMI is now trending upwards. Let's take a closer look:
- We already broke the SMA50 and 200 lines.
- The 4 hours chart show some very strong bullish signals.
- Trading volume is fairly low, which allows plenty of more room for growth.
- The weekly chart is turning positive as well with the action starting to get reflected just now.
- CannabisCoin has a bright future for 2018 and can be used to make massive profits, easy money, for the next few months. Just buy & hold to sell on target.
Trade instructions
Buy-in: 0.00000530 - 0.00000750
Note: Try to buy the closest possible to the lower part of this range.
Targets:
MID
(1) 0.00000908
(2) 0.00001013
(3) 0.00001147
(4) 0.00001533
(5) 0.00002158
LONG
(1) 0.00001454
(2) 0.00002076
(3) 0.00003082
(4) 0.00003798
(5) 0.00004710 (All time high {ATH})
(6) 0.00007344 (New ATH )
Trade strategy: Buy & hold long term.
Stop loss: Will be updated after first target is reached.
Message: We Are Getting Closer To Our Goals
We are getting closer everyday to the goal.
Closer we get with our passion, commitment, our patience and our growth.
Closer we get to being back together just as we were before.
Checking back what we did, to learn from it, to later keep on going to learn even more.
Everybody closer, we are always getting, to our goals.
Namaste.