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 new local highs within the next 45 days. Vericoin's market always pulls back from highly over bought conditions as a healthy market should, yet is still on a very strong surge from the 1st of the year. Size buyers may have trouble entering a position at or near current prices so I will continue to look for and be ready for un-natural price spikes to take advantage of intra-day.
Aside from the trading aspect, if you are unfamiliar with the Vericoin Project below are some useful resources.