Expect the right shoulder for Vertcoin
This is the non-log (auto) chart
Clearly displays the pattern
If the pattern maintains a right shoulder will form and a rejection at the thick white line will occur, if not, the price will likely just continue higher.
I got asked earlier for an update on vertcoin.
I have multiple analysis about vertcoin on my page dating from back in last year. Overall we had a massive falling wedge breakout which is bullish, especially with vtcbtc pairing to be at bottom of all time lows. Now let's see how its moving,
First let's see that it has cleared a major average on the top chart...
Currently sitting underneath the trend line however present of bullish pattern fractal suggests buy underneath the trend line to push through
A descending scallop has formed in this case underneath the trend line
Prior a falling wedge formed
We have been covering vertcoin since the lows around 14 cents.
The monthly timeframe that we have pulled up above is all firing green!
The monthly timeframe will show you major trend reversals.
The perfect trade setup is when the top chart "the crossover strategy" crosses green candles after compression on dojis.
We then line it up with the "ema dots" below on...
Symbol: VTCUSD / VTCBTC
Let's compare VTCBTC bottom chart and VTCUSD top chart. The bottom is a monthly performance and you can see we are getting some whipsaw action to curve up after hitting lows around all previous runs. Now up top is the weekly vtcusd wedge. Is it ironic that the wedge is breaking when the monthly below is curving up? If you zoom out on chart...
Bullflag or scallop? An inverted scallop has a backwards and inverted J shape, and leads to bullish continuation after a small pullback, while bullflags send the price rocketing. Either way Vertcoin looks in good shape for upward movement. Daily chart. Ill link my vertcoin 'pipe tops' if you would like to know about pipe tops.
Pipe bottoms lead to a short term bullish reversal and vice versa, these are identified best on the weekly chart. 'Pipes commonly form after in a retrace in an uptrend or at the bottom of a prolonged downtrend' These formations are more common in bull markets.
Vertcoin Technical Analysis -VTCUSD - 45%-600% Profit Expected
Huge Trade Coming...6x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
Target Profit Range - 0.26 - 0.84
(45%-600% Profit Expected)
TP - 1 - 0.26
Priceline of Vertcoin / Bitcoin cryptocurrency has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
MACD is turning bullish.
From here the price action will take bullish divergence soon insha Allah.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002087 to 0.00000001 (But the price action cannot go more down...
I know, we are in the midst of a major bear market and crash... however, there is a VTC possible bounce zone here. Weekly support is around 20 cents for vertcoin. And RSI is showing a divergence as the price nears 20 cents. The next support could be 6 cents, so the stop could be tight if taking this trade..I'm considering a half penny under the support, as I have...
Vertcoin has been on a breakout like most of the top 50 coins, however Vertvoin is a trusted coin and Vertcoin bull runs are like no other the coin can go sideways for a long breakout in couple of days. lets look at the breakout on the first of april more han 50% in a couple of days and it has corrected since then and the next breakout looks really close with MACD...