CannabisCoin (CANNUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CannabisCoin began a wave one advance in November 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 31, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on August 14 this year. If this wave count is correct, CannabisCoin should be heading next towards the December 31, 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
CannabisCoin is medical marijuana backed cryptocurrency. You can view their roadmap below.
(Sources: http://cannabiscoin.net/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "CannabisCoin will takeout the April peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "CannabisCoin will drop below the August low".
If you think CannabisCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "CannabisCoin will stay in a trading range between the August low and the April peak until October 7".
(Chart courtesy of Tradingview.com (log scale))
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