After previously breaking out of a down trend and through the 200 day ema, the sector took a dive and formed a double bottom.
The double bottom, the retesting of the resistance level, the support of the 200day ema, and the recent high volume order blocks near current level makes me think we are setting up for a bullish break out.
The fib retracement shows that the next major resistance level would be at $9.
Throwing some fun money at it to have some fun with more portfolio as the cannabis sector can be quite volatile.
The double bottom, the retesting of the resistance level, the support of the 200day ema, and the recent high volume order blocks near current level makes me think we are setting up for a bullish break out.
The fib retracement shows that the next major resistance level would be at $9.
Throwing some fun money at it to have some fun with more portfolio as the cannabis sector can be quite volatile.