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Cryptocurrencies – Support and Resistance Levels 7-11-18
Support and Resistance levels reflect nearest previous swing lows and highs Bitcoin (BTC) Market Cap 109B Support 5790.00 Resistance 6843.26 Ethereum (ETH) Market Cap 44.7B Support 404.22 Resistance 494.74 Ripple (XRP) Market Cap 17.6B Support...
Cannabis Stocks – Support and Resistance Levels 7-11-18
Support and Resistance levels reflect nearest previous swing lows and highs Canopy Growth Corp. (CGC) Market Cap 5.95B Support 27.27 Resistance 36.55 GW Pharmaceuticals (GWPH) Market Cap 4.093B Support 130.50 Resistance 157.00 Aurora Cannabis Inc....
How Thrust Bars Could Have Helped You Trade Canopy’s Upsurge
When price is undergoing a period of consolidation, it can be tricky to determine when and where, if at all, to go long. Sometimes, you might be able to see a clear base formation; a clear support and resistance level. Sometimes, the price levels will not be so clear....
Why Companies Need to Get on the Tokenization Train
Halifax America’s Introduction In this article, Paul Brody argues for the recognition and integration of blockchain technology and tokenization. Without tokenization, blockchain technology—despite its massive potential to revolutionize the way we do business--is...
Short Gold? Now’s the Time to Be Wary of Popular Sentiment
Over the last two weeks, we witnessed a $70 decline in gold prices, all without a single bounce. This move is enough to knock the courage out of any gold bug. It is also significant enough to encourage short-term speculators to consider going short the yellow metal by...
When a Trend and Microtrend Gives Conflicting Signals
The familiar saying “the trend is your friend, until it ends,” still stands, relevant and usable, but like a reliable pair of old, worn-out shoes; ones you can’t get rid of, perhaps because they still seem to fit, they still feel comfortable, or maybe it’s just that...
Ripple’s Next Support Level is a 50% Plunge from Current Price
Ripple’s cryptocurrency XRP is trading at its lowest 2018 support level. Should it break below this point, it will indeed reach true HODLer territory; that is, a 50% plunge to its 2017, near-starting range of $0.24. Consider this a very wild ride, from $0.20 levels in...
Dow Breaks Below 200-Day Moving Average and Previous Swing Low
Larry Kudlow affirms Trump administration’s “no retreat, no surrender” stance on China. Yield curve has flattened. The US Dollar and oil are moving higher. Stock market is declining. For the sake of convenience, we start our count with the February 27,...
UPDATE 6-27-18: Should I Buy Bitcoin Now or Wait?
Ten days ago, we published an article on Bitcoin’s technical price action. Here’s the update. See the chart below. We identified (3) as the next support level. As it turned out, price has bounced off $5,777 and is currently hovering around that level....
A Cannabis REIT That Pays Dividends
If you are looking for a cannabis-related asset that pays dividends and doesn’t have to do much to maintain its revenues, you might want to check out Innovative Industrial Properties (IIPR). Innovative Industrial Properties is a real estate investment...
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