Selling pressure/volume seem to be drying up at current prices and we might move up another level and retest 1st resistance (R1) where there is more volume activities.
There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.
There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.
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The last 24 hours (30mins chart) volume profile snapshot. The upcoming Vericoin AMA on reddit here at (www.reddit.com/r/ver...anuary_26th_5pm_est/) and community twitter poll (twitter.com/BinanceA...s/956335880809181184)
Ascending triangle forming over the past 24 hours with heavy resistant around 14000-14500. Hoping we can break away from the triangle up to 16000. Small chance it drop back into 13000 and consolidate there.
Ascending triangle forming over the past 24 hours with heavy resistant around 14000-14500. Hoping we can break away from the triangle up to 16000. Small chance it drop back into 13000 and consolidate there.
Comment:
Comment:
There was a high volume downwards selling pressure (bearish) but it is insignificant compared to previous few uptrend volume. A temporary setback and will possibly stay neutral/bearish over the weekends. On the longer time frame, the trend is still healthy.
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Unexpected price action. Liquidated 30% between R1 and R2.
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Pierced right through R2 resistance at 19000. Small chance it will go parabolic to around 35k - 55k
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Trade active:
W double bottom, 70% chances price reversal.
www.youtube.com/watch?v=KmFOaxSC...