Here is another marijuana related altcoin. Earlier I shared a trade for PotCoin (POT), and mentioned the market dynamics that affects these marijuana coins. Just as PotCoin shot up in price, the same happened for HempCoin ( THC), DopeCoin (DOPE) and CannabisCoin ( CANN ).
So all the same factors related to the growth and legalization of the marijuana industry throughout the world affects all these coins similarly... in a positive way. Take a look at the chart below, the orange circles is the same price from which we took off before...
- Look at how bullish all the indicators have become. The RSI shot up massively and the MACD is getting ready to take off.
- Soon 4/20, which is a marijuana news field day, plus many other factors.
- This is just the start... there is room for more, specially when you take into consideration how fast the marijuana industry is growing worldwide and needs a payment system that can be trusted... Cryptocurrencies can be really helpful.
- The potential is huge... This is a long term trade.
Now let's take a quick look at the weekly...
- This chart is very easy to read. Take a look at the last bull run. The price shot up massively for two weeks before running out of steam. Then comes the retrace.
- In the last 5 candles, you can see how the price bottomed out. The last 3 candles went flat and finally a strong green candle... the breakout which will be confirmed once trading week closes.
- The MACD and RSI are starting to curve only now and both show plenty of room for growth.
###HempCoin ( THC ) Trade by Alan Masters
Trade instructions
Buy-in: 0.00000800 - 0.00001000
Buy into this trade within the price range above.
Targets:
MID
(1) 0.00001218
(2) 0.00001534
(3) 0.00002046
(4) 0.00002410
(5) 0.00002874
LONG
(1) 0.00001689
(2) 0.00002360
(3) 0.00003444
(4) 0.00004216
(5) 0.00005200 (All time high)
###Message: It Is Ok To Be Strong
It is ok to be strong.
It is necessary to be great.
Live your life as you want.
Enjoyment is life itself.
...
Namaste.