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cryptomanna
Dec 6, 2017 5:42 PM

VTC/BTC - Possible Future Moves, Room for Upwards Continuation Long

Vertcoin / BitcoinBittrex

Description

Still have a target for ~.00096. If you take a look at the chart, Vert broke out of a triangle, rallied, fell back onto the triangle, bounced, fell back to support at the .5 fib and is slowly keeping in this bullish channel. It could bounce around here for a few hours/day or so, but this is a crucial spot. It needs to find firm support and move towards the .786 fib, then possibly retrace a bit before going for the final target. If it breaks down below the .5 level and out of the bullish channel, things won't be looking so vertical for Vert.

Comment

Vert broke back down into the triangle. Bitcoin is stealing the show.
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