As we grow closer to 20th April 2019 which is Cannabis Day in the Cannabis Culture. I would like to point out that every year on this day, the four cannabis cryptocurrencies have pumped up 100% or more.
I will be stacking up on these coins. The risk reward here is pretty good since all the coins are due for breakouts. My analysis is based on Technicals. The following four are the ones I'm talking about:
1. DopeCoin (DOPE)
Back in December DopeCoin touched a major liquidity pool and since has gained 450% in USD value. After consolidating for 3 months in a Bull Flag is has finally broken out. Now I expect it to pump till $0.017 USD. That's over 100% gain. Volume also agrees with this breakout.
2. PotCoin (POT)
Same as above, after a liquidity pool tap pot coin has gained a substantial percentage in value. It has finally broken out of the said triangle and tested it as support. Now we can expect it to pump to $0.043 USD if not more.
3. CannabisCoin (CANN)
Similar to the above ones, Tapped Liquidity Pool and proceeded upwards gaining a colossal 200%. Now it has broken out of the descending triangle bullishly and completely its target appropriately. Since now the Resistance has flipped to support, we may expect another run breaking the daily resistance which should be a piece of cake. A tap of the monthly targets is desirable. $0.024 is the second monthly target. If that gets taken out then that's a 200% gain.
4. HempCoin (THC)
Same Modus Operandi (MO) as others, liquidity pool tapped and massive gains. Broke out of bearish pattern bullishly. Resistance has flipped to Support now. We can expect some consolidation here before the next run. If Target 2 gets taken out then that's a 100% gain. This coin has low volume and tends to go parabolic with even low volume market buys. This one is definitely something to keep an eye on.
All the above coins fall under the low sat coin category and on 20th April I expect them to go parabolic. My targets might get taken out every easily in one single 1 minute wick. It kinda depends on what BTC does the next 18 days. Today's 20% gain was a low volume squeeze which liquidated $500 Million worth of shorts on BitMEX.
Note: This is not financial advice and should not be in any manner construed as such. I am not a financial advisor.