HiTech
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VertCoin Back To Previous High?

BITTREX:VTCUSD   Vertcoin / Dollar (calculated by TradingView)
On the 6th of December VertCoin established an all-time high against USD, hitting $10.7 price. After that, a corrective wave down follow where the price dropped down to $6, and consolidation has begun. During the past month, VTC/USD has been trading within that range, without showing much weakness nor strength.

Although on the 2nd of January price broke above the descending channel , 200 Moving Average and the resistance at $6.8. It seems that VertCoin could be getting higher once again, although it is unclear whether it will be the final wave up before the correction, or a continuation of the uptrend. 

The key resistance is at $10.4 where 361.8% Fibonacci retracement applied to the corrective wave down after the resistance breakout. It could happen that VertCoin will produce a double top near the $10 psychological resistance, which is the key resistance area at this point. Break above, or a rejection should provide more clues about the further direction. On a downside note, break below $5.5 support should invalidate bullish outlook.

Bình luận: Still expecting to go up
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due for a break out soon
+1 Phản hồi
@tpboi, YES, very soon
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Unireal HiTech
@HiTech, Even sooner now
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@tpboi, i don't see it myself unfortunately
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HiTech danielcardwell56
@danielcardwell56, after 20 years of trading you will
+1 Phản hồi
@HiTech, nah mate, sorry but your prediction is tosh, people are making money elsewhere, where other coins are more accessible on exchanges,
This market is nor bullish or bearish, more stagnant
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