Cannabiscoin went to the stars on new years ewe, but got nothing done after.
It has slowly been correcting, and by the look before december, it can still take some time.
The Superguppy is tight, but the trend is still bear on the 4 hour chart. The red investors group is still a little behind the blue traders group, and the continued red Swing alerts confirm the MA lines.
Here is the daily chart, and we see no volume, and it is a little divergence on MACD to price. TD Sequential have a red 9 on a row and the probability is high for a bull green count to come now.
Short term it does not look much better,but the Superguppy is tightening up, so a reevaluation of price may come.
Cannabiscoin clearly needs more interest to come it's way for a bullrun to happen.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
