BITTREX:THCBTC   HempCoin / Bitcoin
Hello folks,

Another analysis, let's give it a shot shall we!

THC             is high in volume , which is why I believe analysis is possible, since there's a lot of eyes at it, which gives indicators more credibility (BITTREX's POV).

I've marked possible Buy/Sell/Stop-loss area's for you to create a trading strategy around. I'm just curious to see how it will unfold.

Seeming to go into a downtrend, yet I see bullish candlesticks ; Hammer Candlesticks .
With the yellow lines I marked a possible convergence point, which - could - lead to a break-out at the crossing.

- Or -
It will go down further, creating a LH (Lower High) LL (Lower Low) downtrend, which would indicate it won't make a bounce back up, so either one is possible.

The support line is however right at the stop-loss line. If that is broken, I would take it as a selling point for your strategy, other wise I believe from there a new trend can be started.

Goodluck folk!!
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