I just wanna make you aware of the crazy similarities between TLRY & EOS from the crypto world:
On the last run up, EOS 5xed and Tilray 10xed
Up until the Weekly Triangle equilibrium, both had corrected 73% from their tops which is almost scary
Before the break of the EQ in EOS, I had looked at potential previous S/R zones before the run up, and had identified 2 Dollar psychological: I had posted this before grandpa Bitcoin broke its Weekly EQ bearish, and played EOS on the break to the downside. It was one of my single biggest winners last year, EOS went even under 2 Dollar, giving us more than 60% to the downside
This does not mean that TLRY has to break bearish automatically, as this is due to the fundamentals in the Cannabis sector. But for the case it does, we can definitely see a very similar hype pattern here, which saw a big correction already, and most importantly, could still see some big downward movement. Therefore, look for the break of 75.25 Weekly HL for some huge short potential, at least up until the previous resistance of 64-67. If that doesn't hold, the EOS case could repeat here for amazing shorting profit
If you had some value from my analysis, give it a thumbs-up, so other traders will see it too. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
노트
Yes, it happened again! The EOS case repeated with TLRY giving more than 50% profits: