Vertcoin is about to complete leg one of a nice three Elliot waves towards $12. Based on the Elliot theory, wave three is the largest, longest, strongest. Therefore, once we break above $1 the race is on and massive pumps are expected to take place. I see VTC pumping very hard, similar to ETC, Nano, Doge... these old coins are getting much needed love lately...
Vertcoin is attempting another try to breakout of this never ending, ever lasting, forever channel... With the market heating up this may be it. Volume is up and we just had a massive spike, indicating interest is building up again. Can we push through and make this current resistance support? If yes, we will have a winner! MACD has also crossed again on the...
Vertcoin has finally given us a strong buy signal where volume has increased dramatically today and MACD has crossed on the positive side on daily and overall... we're looking bullish af. We also penetrated the resistance from this never ending channel, so now we only need continuation for price and volume to explode! I don't expect us to stay much longer in...
VTC has been chilling in this channel within a range of about 20% since early March, with barely any attempts to push outside. However, this won't continue forever... since there are some signs we may pump soon, at least to like $0.90. On Daily, MACD is about to cross on the positive side... this would be the second time in March and usually the second cross is...
Vertcoin finally broke out of this large symmetrical triangle. We broke-up which is great for bulls, however today the momentum was negated by this large red daily candle which is also bearish engulfing right now (meaning its body is larger than the previous green candle). If we close like this the day, then the momentum up may take a breather before we can...
VTC has formed a symmetrical triangle which is usually a continuation pattern. In this case, the bias is for us to break up. This is also confirmed by the 4h timeframe where MACD is about to cross on the positive side and RSI + StochRSI want to go higher. This is good. However to get confirmation of this bias, we need to break the resistance just under $0.70 and...
Vertcoin appears to want to escape the resistance around 60 cents that has kept us in this area for some time, however, we seem to have made it support lately which is... BULLISH! If that is confirmed, I expect a quick pump to the next relevant resistance at 90 cents... hello $1! :) Indicators are also curving up, so I expect some nice price action soon. Stay...
Vertcoin has been in a battle with this resistance at just over $0.60 for some time. However I believe this battle will soon end and Vertcoin will FLY to $1 and above. As you can see we formed an ascending triangle in blue, and we're approaching the end of this formation. Therefore, Vertcoin, provided it remains bullish like the overall market, should push higher...
VTC has formed a double bottom on the $0.45 level and has a bullish divergence on RSI. If we manage to push above 0.60 then the double bottom will be confirmed and we should be clear to re-test the resistance at $1. Possible paths on the chart. VTC remains very bullish long term and I expect us to make some significant gains once this correction in the overall...
Incoming golden cross confirms the price correlation at (a) Massive head and shoulders present at the top of the previous bull trend Bullish, lets go!
Today the whole market had a flash crash of 20% or more depending on the coin. VTC held quite well and has now recovered most of the loss. This is good. Moreover, we touched the diagonal support which held well and we're above $0.65 cents. This level was an excellent buy zone for VTC long term. Unless the market continues down, I expect VTC to reclaim its...
VTC pumped 100% today... what?! Yep. See my idea from yesterday. It was expected. Now we're hovering just under $1 and the trend is clear, VTC wants to go much higher, but for now we will correct a bit as today's pump was significant. Indicators on weekly, daily, remain bullish, however on lower timeframes we need to settle on a support level before we can go...
VTC broke the resistance of the cup and handle formation (look at 4h timeframe) as indicated by the 50% Fib line. What does this mean? We are clear for higher levels! Volume is picking up, MACD is expanding, RSI is rising... bullish! Moreover, on 4h timeframe we just did a positive cross on MACD... so expect some nice gains. Bias is very bullish. Our target:...
VTC new mining algorithm (Verthash) was successfully launched on 30th January which has propelled the price higher, doubling in less than two days and breaking a very important resistance line as presented on the chart! This shows we are clear to go MUCH, MUCH higher... with a final target around $12 or more! The new mining algo is ASIC resistant and allows...
VTC managed to get out of it's bottom formation, pushing above the neckline as shown in the chart. Questions is now, can VTC push above the previous support turned resistance? We really need to get back above 0.30 cents if we are to have a sustained gain in price. With the launch of the new Verthash mining algorithm for VTC in late January 2021, we may get...
Fundamentally, VTC has some good news coming with the new mining algorithm due to go live in late Jan, early February. This is bullish. Analyzing the price action, we get a similar picture. VTC has painted a very nice W formation which is a strong reverse indicator. However for this to confirm we need to push higher above the neckline at .18 cents and keep/hold...
VTC tested the major support at 0.14 which held and now we turned the local resistance at 0.16 into support and moved higher. Our next resistance/target is 0.25 which is also a Fibonacci 38.2% level. If VTC manages to re-claim 0.25 level and push higher, we may see a nice recovery in price after we corrected sharply in late September from 0.4 level. If we pass...
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...