Verium (VRM) Overview
Verium (Ticker: VRM) was created to be an innovative, independent store of value asset, in addition to supporting the VeriCoin blockchain. Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This allows Verium to automatically scale, enhance transaction speed...
Welcome to this updated analysis on VRMBTC Let's get right to it!
If this bullish roll in, maybe VRMBTC will break resistance and reach 0.00044461 bullish flag projection.
A breakout above the trend line would cause VRMBTC to rally to about 1400%
Verium ( VRMBTC ) Trade:
Avoid loss by not going below
One of the oldest coins is back on the track. Nice time to long this one, Verium is part of a ecosystem based on the Binary-Chain protocol with Vericoin and they will launch officially soon the P2POOL.
Although the competition amongst crypto-currencies is intense at present, I have no doubt that with these features, VeriCoin will be one of those to break-through,...
VRMBTC currently in an upward channel following it nicely at this point.
RSI showing bearish divergence and MACD reset which indicates a bull run coming in near future.
Target around 90k satoshi, waiting a week or two
This is the holy grail of catching the lows in a trade. As you can see from the chart there is an adherence to it's trend.
The rising green trendline has been solid support (thus far), and you can see the falling blue resistance line. The 2 are destined to converge in the future. That's not our concern at this point. I set this up as a weekly chart in order to...
Verim price started to rise on the 11th of December and went up from 13k up to 135k satoshi, resulting in a 958% growth in less than a month. The interesting thing is that VRM/BTC failed to test the 76.4%, but it broke above the 61.8% Fibonacci retracement level.
Price continues to bounce off the 200 Moving Average and the 4/1 Gann Fan trendline, suggesting that...
VERIUM could be one of the first currencies to pop out in the second alts rally of 2018. Despite it spiked yesterday (due to a pump&dump group) it's come back to the level it should be right now, and if resistance is broken it may go quickly to its targets at 202k and 318k. The bid/ask ratio in Bittrex is awesome too (4.500.000 VRM bid vs. 111.000 VRM ask). It may moon.
1 week ago we noticed the ramp up for VRM into a new wave 1. It had a huge pump over night to start a new cycle that could challenge previous highs. I feel it will fall back into the buy zone over the next day or so. Based on confirmation win that zone i will look to buy and play the full trade. Looking for buys around 7300 and Target of 16000
VRM made it's last low at 12725 sat and then made nice 5 wave advance and today corrected and expect to continue the advance to higher levels. Targets are drawn in Blue and expected to be achieved during Jan 2018 .
Verium completed a massive multi month cup and handle in August. Since then, aside from a few minor pumps, its price has been declining. Now, the 21 and 50 day MA have crossed and the 9 day has been solid support for the last week on the daily chart. Looks like Verium will be making a run up. There is a lot of room for upward mobility to an ATH. Buy in 30000 sat...