Let's have a quick update on HempCoin(THC/BTC).
THC did not make any strong bullrun despite they had their whitepaper released, rebranded, and new website.
And it broke the uptrend drawn from Dec-18, with a sharp push to current trading level 2000.
Now we are sitting at the support line drawn from Dec-2.
I m still positive on THC trend ahead of hard fork(Feb-23), the chart also indicate THC will decide the movement at around Feb-22.
It need to go up a little bit to 2200 to continue the bull run.
If we broke the uptrend, we may stay at 1700 level for a while, and go straight to 1000.
Trade Suggestion 1:
Buy when THC crosses 2200.
Trade Suggestion 2:
Buy when THC crosses 2500.
Target:
- 2400
- 2500
- 2900
- 3100
- 3500
- 3700
- 3900
Stop loss: 1750
Good Luck.
My channel:
Tradingview: https://www.tradingview.com/u/hendric886/