VERT/BTC - Possible Cup & Handle Formation, Potential 55% Profit
VERT/BTC has been in a downtrend since the last major run up but has been consolidating nicely towards the bottom of a descending triangle. Volume has also been picking up over the past few days and it appears to be forming a nice cup and handle. This is a recipe for a potential breakout for another huge run.
Great fundamentals for the coin as well. Nice opportunity overall, long term bullish . I am expecting a test of recent high around .00096, before a slight retrace before it continues the trend upwards. Possible 55% profit.
As always before placing a trade, DYOR. I am not responsible for your personal finances or the decisions that effect them, only you are.
NOTE: Please disregard the post right before this one. I had used the wrong exchange, POLO instead of Bittrex, and used some funny math on the potential profit percentage. This is the up-to-date idea. Thank you for understanding.
Great fundamentals for the coin as well. Nice opportunity overall, long term bullish . I am expecting a test of recent high around .00096, before a slight retrace before it continues the trend upwards. Possible 55% profit.
As always before placing a trade, DYOR. I am not responsible for your personal finances or the decisions that effect them, only you are.
NOTE: Please disregard the post right before this one. I had used the wrong exchange, POLO instead of Bittrex, and used some funny math on the potential profit percentage. This is the up-to-date idea. Thank you for understanding.
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If you haven't got in yet, you could either wait for a slight fallback to the triangle, (~.00059), or try to enter around .00061-.00063. When vert decides to move, it is usually aggressive so I am not expecting much of a pullback if the days candle closes above the triangle.
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Slight correction after the massive pump yesterday, but nothing to worry about. We are still on the path to our target. The halving happens on December 12th and I would expect us to hit our target sometime within the days leading up to or by that date.
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