Vertcoin shows a bullish Ascending Triangle pattern as a continuation pattern.
Such charts in a dominant uptrend a very bullish. Notice the multiple attempts at the $1.20-$1.30 resistance level along with a rising hypotenuse. This indicators pullbacks are being bought, so accumulation is occurring.
At some point, maybe after a few more tests, that resistance line will break and a move of $0.70 will be in order. That move is calculated by taking the widest point of the triangle and adding it to the breakout point.
The Target therefore is near $2.00, which obviously is a massive jump from here. Needless to say, such crypto's are highly illiquid and speculative.
nice work!
I've TA'd VTC too checkout my charts.
I can't believe I missed that triangle. What's your target?
Dalesones
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Does anyone else see a cup and handle formation on the daily chart?
MuMPiTz
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How do you think it will continue at this point ? Still a good time to buy?
fijnzijn
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@MuMPiTz, today bought about 1000 coins at the price of 1.16 euro and it is still going strong, definitely something to checking out, might go to the 5 or 10 euro soon!
BobLoukas
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@MuMPiTz, Well, the breakout is now confirmed, meaning the pattern is in play. The target is $2, so what do you think? You would want stops around the $1.25 area.
Dalesones
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@BobLoukas, I would do the stops at $1.25 which was my entry.
I've TA'd VTC too checkout my charts.
I can't believe I missed that triangle. What's your target?