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havcharts

VTC Big Pull Pennant

Long
havcharts Updated   
POLONIEX:VTCBTC   None
Chart Patterns VTC BTC vertcoin Bitcoin (Cryptocurrency) Cryptocurrency
10
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chartpattern vtc btc vertcoin bitcoin cryptocurrency
Looks to me like a big bull pennant forming on VTC. Need another touch of the upper trend line to confirm. Volume is also decreasing, and looks good that the MACD on 3 hr and 4hr have recently crossed and look set for upside.

Flag pole length is about 47k, so target of breakout would be around 115k.
Comment:
Would appear to be breaking out around 69k. Was hoping it would touch the upper trend line and come back to help confirm my idea, but breaking out leaves me a bit unsure.

I think it could be an ascending triangle instead of a pennant. In which case target would be around 9k.
Comment:
Volume kinda meh on the "breakout" to 70k where it stalled. Pulling back, and keeping both Bull Pennant and Ascending triangle patterns in play.

Watching for a breakout to 70k with actual volume to confirm a breakout not a fakeout.
Comment:
Broken through!

My target is 115k, but I'll be taking profit on the way up.
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