GLOBAL X MARIJUANA LIFE SCIENCES IN UNIT CL A CADTSX
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The Cannabis market is trading at its Pivot Support Level. The analyzed timeframe is strict bearish. Trading below the lows could initiate a sharp selloff. buying the actual Level with a stopp near below the lows could be an intteresting idea for my anticyclical risk Lovers for me the Logical trade would be: trying to catch the breakout --> stoppsell below the lows with a stop near above the entry Level. the RSI says that the likelihood for an upmove is higher at present
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High :-)
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n1 but watch the rsi now..is it time for a break soon?
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a trader`s dream
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is it time for the next buying wave? we reached the nect make or break level
Thanks for sharing... you are the best! If possible, would you please share your thoughts on INSY and CANN? Thanks
aeonglacial
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Thank you for sharing this! All the pot related alt coins went nuts today. Might be good to take into consideration.
The_Cannalyst
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@aeonglacial, how are the names of these alt coins ? thx a lot
aeonglacial
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@Maryjane, POT/BTC went up as high as 70% today (could have been higher just recalling last time i checked) ,CANN/BTC up as much as 15%, PRG/BTC 15%
schizaar
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@aeonglacial, and I guess there is one more - HempCoin THC/BTC although this one is sitting quiet recently..
schizaar
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Maybe it is a flag to get hiiiigh, sooo hiiiigh :) Hey @Maryjane, you used to monitor more cannabis price actions. Are they co-related? Another thing is - since weed is quite popular here and there :) and (kind of) falls into the same category as tobacco/alcohol, it should be growing biiiig in years to come, dont you think?
We still look at price action of companies/tokens and not the popularity of "commodity" itself, but there should be some relation.