Hello folks,
Another analysis, let's give it a shot shall we!
THC is high in volume, which is why I believe analysis is possible, since there's a lot of eyes at it, which gives indicators more credibility (BITTREX's POV).
I've marked possible Buy/Sell/Stop-loss area's for you to create a trading strategy around. I'm just curious to see how it will unfold.
Seeming to go into a downtrend, yet I see bullish candlesticks; Hammer Candlesticks.
With the yellow lines I marked a possible convergence point, which - could - lead to a break-out at the crossing.
- Or -
It will go down further, creating a LH (Lower High) LL (Lower Low) downtrend, which would indicate it won't make a bounce back up, so either one is possible.
The support line is however right at the stop-loss line. If that is broken, I would take it as a selling point for your strategy, other wise I believe from there a new trend can be started.
Goodluck folk!!
Another analysis, let's give it a shot shall we!
THC is high in volume, which is why I believe analysis is possible, since there's a lot of eyes at it, which gives indicators more credibility (BITTREX's POV).
I've marked possible Buy/Sell/Stop-loss area's for you to create a trading strategy around. I'm just curious to see how it will unfold.
Seeming to go into a downtrend, yet I see bullish candlesticks; Hammer Candlesticks.
With the yellow lines I marked a possible convergence point, which - could - lead to a break-out at the crossing.
- Or -
It will go down further, creating a LH (Lower High) LL (Lower Low) downtrend, which would indicate it won't make a bounce back up, so either one is possible.
The support line is however right at the stop-loss line. If that is broken, I would take it as a selling point for your strategy, other wise I believe from there a new trend can be started.
Goodluck folk!!