FerdiHodler

The Fall and Rise of Vericoin

Long
FerdiHodler Updated   
POLONIEX:VRCBTC   None
Vericoin is a really different coin. Is not like this or like that. Is Vericoin. He has some interesting inside like dual chain (that's hype and make him rapid), ASIC resistance (important feature for decentralisation) and is easy to mine. Vericoin is for veri people.

When we look at the charts we can see that after a huge Raise he came back to his standard values against Bitcoin. In the last months the price stabilised against Bitcoin (and everybody knows which kind of war machine was Bitcoin in the last months). That's means that vericoin is also veri strong.

When you look at RSI you can see that he is increasingly buyed but far away from overbuy. Stoch RSI indicate that he is relatively oversold. That's mean that he have good chance to increase. If MACD cross the line than we are done.

Good technology and good charts.

I think that the count down of major Tom can only be near.

Cheers Bionicol (a veri principiant trader)



Comment:
It looks quite bearish in short. If it break the resistance 0.4878 is a downward retracement probable
Comment:
Watch out for important upward movement in the next hours or days.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.