Just digging into the #mj stock world. Looking at Cronos. Possible H n S pattern forming. Charts are fractal. We see repeating patterns. Maybe it's because the human brave craves form in repetition or maybe there's some deeper underlying level of connectivity. Either way we saw a head and shoulders play out earlier with very similar volume and RSI characteristics going along with similar price movement. We wait and see if it plays out here again.
(It seems like the SPY has stronger correlation to the cannabis world then the crypto world so that is also something to be mindful of.)
CRON looking fairly technical with what appears to be an impulsive wave up so far on the bigger chart. If that is correct then looking towards fibonacci levels during the correction seems prudent.
Is the marijuana stock world another bubble burst or about to burst or just on the cusp of filling towardst a big old balloon of cash large enough for every one to get a huff before it finally eventually inevitably bursts?
Time will tell...
Keep on huffin
-peyote
(It seems like the SPY has stronger correlation to the cannabis world then the crypto world so that is also something to be mindful of.)
CRON looking fairly technical with what appears to be an impulsive wave up so far on the bigger chart. If that is correct then looking towards fibonacci levels during the correction seems prudent.
Is the marijuana stock world another bubble burst or about to burst or just on the cusp of filling towardst a big old balloon of cash large enough for every one to get a huff before it finally eventually inevitably bursts?
Time will tell...
Keep on huffin
-peyote