Cleaning up the chart and we look at basics this morning. In the past months, The 200EMA is playing a vital role with VRC price action. Shown are the 20 & 200. 200 Being yellow. VRC as expected slicing threw this short time frame average, and now looking to re-connect with the 200EMA. This will be a strike point for me if hit as well as anything below. If the...
Ive posted numerous Charts on this pair, so I wont go into a long explanation, this simply looks like a good set up on the 2H. Happy Fathers day!
The past few days have been rather interesting for Vericoin on market, as some fast market swings have brought an increase in volume as well as yet again some repeating patterns. A few days ago as I sat and had my morning coffee and breakfast, I witnessed a wild price ranging between 15k and 10.5k. This was not simply a single event either, as if you look back...
With a new weekly candle printed just over 12 Hours ago, this is where I expect some 'shenanigans' and movement and with the markets slight upswing overnight, I think a test of lows will come 1st. 4H RSI is getting a bit high, the forced red pennant is broken out with the 20MA & the 200 EMA well below price. The volume profile is too low for a continued strong...
Seems like the Vericoin market has created a short term (red Pennant) within a longer time frame repeating pattern (blue pennant). I still believe that the blue pennant will play out, and there will be another drop in price into the green consolidation zone. This Red pennant is highly forced as show my the market reaction, and if it breaks it should fall right...
Looking at the 1H it seems as if last afternoon & overnight there was some significant accumulation below the 20MA & 200EMA's with a break out around 4AM and sequential retests of those averages. (Red Arrows)I think theres a strong possibility to see a third test (green arrow) of the 20MA & 200EMA before any move to break orange line (Local resistance) is made....
After the past few visits to the chanel top and beyond Vericoin seems to yet again be back down near a consolidation zone, or just above. After a run up to 18K, I think some sideways movement with minimal ranging is going to take place. This will bring the price closer to the MA on 1W @ 3D time frames, and allow the forces in the market to recharge for possible...
After a rather volatile previous 5 days, it appears that Vericoin has come back to a consolidation area as anticipated. This is a repeating pattern, towards the bottom a trending channel and pennant (blue line). We are also under the cloud, under the 4H 50 RSI and showing a short term (4 day) repeating bounce of the 4H 200EMA. It has hit the 200EMA on a 4H time...
Well after a very over bought run to 18K, with no suprise we are now headed towards the channel bottom. With break outs, I expect the break-downs to be strong aswell, as we are already back into a pre-thought consolidation box. Retesting the channel lows I believe is a high probability putting us at somepoint in the 7400-7600 range. This price drop will be...
After a huge move in Vericoin price earlier in the week as well as a BTC price rise yesterday and as Traders awake to $2,700.00 BTC I fully anticipate the Vericoin market to go back into its 'box of consolidation'. For those that may not have entered yet, this may be a decent entry point as it will signal a continuation of a strong pattern channeling upwards...
A congratulations are in order for the Vericoin Blockchain, which has now reached an all time three year High of 9.01 Million dollars. Heavier than normal volume today pushed the price up to and past the current trending channel, yet pulled back dramatically as volatility and intra-day trading opportunities become more fruitful. It seems as if the bulls and the...
Seems like this is now confirming a cyclic pattern, almost right on cue as published a day or so ago.
After a slight weekend run up in price it appears for the moment we are about to re-enter a consolidation period. With BTC making new highs intra day traders that are looking to go into Fiat at higher BTC prices will be inclined to sell, however those looking to increase their BTC position or VRC position will be seeing the opportunity knock and strike when...
Made for record. Possible consolidation period soon.