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/
Hope hard fork news can let THC moon
We will see if THC able to bounce to last support line 1980..
We just bounce back into the triangle, plus a double bottom formed.
See if we can bounce to 2400.
We are testing the blue support line now.
Have your stop loss order ready if you are holding it.
If THC does not further go down , we will see if THC able to hit 2200, within 24 hours.
If it does, wait for another 2200 hit for entry.
If not, go for another coin =)
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