VCash VS Bitcoin Strength

POLONIEX:XVCBTC   Vcash / Bitcoin
VCash managed to break above the 200 Moving Average after finding the support at 3500 satoshi. At the same time price broke above the downtrend trendline , suggesting the beginning of the uptrend.

On a corrective wave down after the resistance breakout, price returned to test 4700 satoshi support, where the downtrend trendline was rejected, this time acting as a support. The trend seems to be changing from sideways to bullish and price could jump towards 14k satoshi resistance. At this price two Fibonacci are inline, the 172.2%, and 361.8% applied to the last corrective wave down. Break above the upside target should result in further growth. At this time only a break and close below the 35k satoshi support could invalidate bullish outlook.
Comment: VCash slowly moving upwards, could go exponential soon
Trade closed manually: Closed at 8k with profit
Trade active: Opened at 6k
Comment: First major resistance 0.00012
Order cancelled
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When polo fix XVC?
on bittrex 0.00011
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