WEED - Technical Analysis
Diupdate
Dear Traders,
Let's have a look at WEED (Canopy), since it reached it's new ATH, WEED has been retracing back to the 55 ema (Which is a common thing). But the question was, will that 55 ema hold, well for now it does, but this week has been very volatile.
As long as we stay above that 55 ema, we are in a bullish mood/trend.
If we succeed in staying above the 55 ema, our next target will be the 0.5 fib level that serves as a huge resistance for WEED. Bulls have tried multiple times to breach it but without success. And until that 0.5 fib level hasn't fallen, we won't see any run soon.
Any thoughts ?
Let's have a look at WEED (Canopy), since it reached it's new ATH, WEED has been retracing back to the 55 ema (Which is a common thing). But the question was, will that 55 ema hold, well for now it does, but this week has been very volatile.
As long as we stay above that 55 ema, we are in a bullish mood/trend.
If we succeed in staying above the 55 ema, our next target will be the 0.5 fib level that serves as a huge resistance for WEED. Bulls have tried multiple times to breach it but without success. And until that 0.5 fib level hasn't fallen, we won't see any run soon.
Any thoughts ?
Catatan
We succeeded in staying above the 55 ema, and bulls took back control ! Now we have to break that green line.Catatan
great day for WEED holders ! :DCatatan
Be careful for the huge sell-off !
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