CGC Update

The bears got rejected at $45 and price went back up to $49. It will be interesting to see whether the bulls get rejected at around $50 or not and then decide whether to short. It's possible that we're now looking at a head and shoulders pattern (price would first go to $54-55 before going down) or that it's an increasing triangle (we might break out to the top and form a new high in the $60-70 area). Bulls might pump the price higher and then dump it on dumb money during the legalization news frenzy on Oct 17. Still think we're gonna see $35 again soon though.