CANNABIS (CNN) Coin is a gift horse which shouldn't be ignored, in my humble opinion as an analyst. This baby knows how to go HIGH (punt intended)! The Cup & Handle is quite impressive as while it is a very slow pattern to complete and confirm, once it starts lifting the price; it can provide a lengthy and sustainable rally. Note how the handle pattern is just about completing and this means that IF price breaks out to the upside; CNN could take an express pathway to $1.72 or 537% Profit Potential.
Here is the CNN/BTC pair and as usual, a bit behind the CNN/USD pair. I think anyone who only trades to the /BTC pair is a bit uninformed. IF and since the /USD pair LEADS the /BTC pair, it would behoove to trade in the /USD pair. Not only that, but the /BTC pair has to rise that much faster than the rate of rise of bitcoin; PLUS, its demand has to exceed that rate of bitcoin demand. THAT's why it lags the /USD pair which has only one variable...demand for that coin!
The below chart is quite similar to the CNN/USD. When such high similarity index exists between the pairs....BULLISH!! Target is 10,976 Satoshi or 482% profit potential.
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