20+ Days in the pennant and it is not breaking the bottom with increasing volume, presumably testing support levels. That pennant bottom is 100% critical to a continued steady up trend in the current fib channel as seen from the 1st of the year. A very steady 5 month move with a few intense points of heavy volume confirm this beyond the shadow of a doubt, HOWEVER, this is a market, and anything can happen.
Yesterday the development team released some very interesting news..
Essentially in a nutshell (the short and sweet ) They are implementing an industry 1st, a Binary-Chain combining a Digital Currency (VRC) and a digital Asset (VRM), this is not some copy-past hype bandwagon code, this is innovation and what actual development is, again leading the industry with a never done before technology, which wont be the 1st time the VRC/VRM team has come up with unique innovation in the crypto space either.
A snippet of the roadmap:
"... VeriCoin and Verium will be the first dual blockchain protocol technology that will pair a digital currency and digital asset. Forming a cohesive financial system called a Binary-Chain."