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.
Vertcoin is getting ready for another attempt at breaking the $1 resistance. Last time price moved above $1, it was quickly rejected and pushed back towards 60 cents...
Now VTC is trying again and if price manages to turn the $1 level into support, there is enough hopium to expect to see VTC reach at least $3 and above!
Price action is bullish right now, so...
VERTCOIN PRICE PREDICTION.
Another old coin is ready rise from 2018 bear market.
- At least hit: $10 (2017 ATH) 18.5x from current price. Market cap: 840 million dollar.
- Reasonable price = 1.272 Fib based level = $34 = 3.4X From 2017 ATH. Market cap: 2.85 billion
- Small chance price = 1.618 Fib based level = $168 = 15x from 2017 ATH. Market...
Vertcoin has arrived towards the end of this apex... now it's time to decide.
My bet is we will pump, quite fast and sudden. :)
First target just under $1. Then we have a long way until 10-12$. It all depends how bullish the overall market is and if the halving of VTC will pump the price.
For now we should get at least a decent pump as BTC has started the...
Vertcoin has been consolidating around 50 cents for months now.
Time to wake up little fellow. This formation is coming to an end and the MACD on this three day view should push us higher eventually.
Targets on the chart.
Not much time left until we leave this area, so if you are into Vertcoin, good to take a position now rather than later.
Like and follow...
So I zoomed out all the way to the 14D chart (the longest time frame that can show SMA200 readings) and found some info:
1. The 1.0 level has been tested twice, albeit 3 years apart between the 1st and the 2nd one
2. The golden cross looks ready to happen, but with such a long time frame, this is going to ask for a lot of patience.
3. Higher Lows + Some retests...
Vertcoin is compressing in the blue apex. Price will soon have to breakout of this area. My bet is we will break-up and pump, first towards .90 cents and then if that resistance level won't hold us, $3 is the next reasonable target.
This bullish scenario is more likely I'd say considering current market conditions where alts are starting to pump nicely and BTC is...
Next wave incoming?
History repeat itself.
If BTC confirm his bullish trend to 100k, vtc is going to follow and follow it's 4y pattern:
- Halving in december
- Taproot activated
- Changelly and ledger on
VTC got a spank down during our May crash which took price below $1. A nice 77% drop. Did you buy the dip?
Unfortunately, this event basically re-set the chart and erased 3 months of price action and gains. Therefore, our moon mission to $12 was postponed.
To resume our ascent, VTC price has to reclaim $1 and go above it, until that happens, the moon mission...
VTC Short term - 5th eliot wave is comming, rsi must go down to support. So one more week of side trading before any action...
Like last bull run, macd went slinding a bit before a nice uptrend.
"History repeats itself"
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...