Vertcoin pumped today 50% ... quite a feat. Why?
We just bounced off the 50 Day Moving Average (orange line) which to date has acted as a strong support. I expect this to continue and with increasing volume, this pump has legs!
The indicators support this bias as both MACD and RSI are primed to curve up and take us higher towards our next two resistance levels of $3 and $6. These targets are becoming very likely now and particularly once we have a bullish cross on the MACD Moving Averages. Already the MACD histogram ticked higher = bullish!
The VTC/BTC pair looks even better... so get ready!
We may need to be patient as Vertcoin usually takes its time between pumps, but once we start the real pump, it will be fast, usually over 2-3 days we can visit our targets.
What can trigger this is the upcoming listing of VTC on Changelly which was confirmed and it is just a matter of time until its public and VTC is available to buyers there. This is significant as this exchange has over 1 billion in volume on a regular basis.
Unlikely we will see VTC under $1 again. Maybe a spike at best.
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We just bounced off the 50 Day Moving Average (orange line) which to date has acted as a strong support. I expect this to continue and with increasing volume, this pump has legs!
The indicators support this bias as both MACD and RSI are primed to curve up and take us higher towards our next two resistance levels of $3 and $6. These targets are becoming very likely now and particularly once we have a bullish cross on the MACD Moving Averages. Already the MACD histogram ticked higher = bullish!
The VTC/BTC pair looks even better... so get ready!
We may need to be patient as Vertcoin usually takes its time between pumps, but once we start the real pump, it will be fast, usually over 2-3 days we can visit our targets.
What can trigger this is the upcoming listing of VTC on Changelly which was confirmed and it is just a matter of time until its public and VTC is available to buyers there. This is significant as this exchange has over 1 billion in volume on a regular basis.
Unlikely we will see VTC under $1 again. Maybe a spike at best.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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