Good day folks,
WEED was on fire until marijuana was legalized in Canada. It has since lost almost half of its value. More I look at the chart, more it reminds me of the S&P, but with just more volatility.
I think the selling is not over and that WEED will eventually test the support at 32. Then go back up to make a right shoulder around 40 and fall further to the psychological support at 20.
Thank you,
WEED was on fire until marijuana was legalized in Canada. It has since lost almost half of its value. More I look at the chart, more it reminds me of the S&P, but with just more volatility.
I think the selling is not over and that WEED will eventually test the support at 32. Then go back up to make a right shoulder around 40 and fall further to the psychological support at 20.
Thank you,