HiTech
Panjang

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.

Komen: Still expecting to go up
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due for a break out soon
+1 Balas
@tpboi, YES, very soon
+1 Balas
Unireal HiTech
@HiTech, Even sooner now
Balas
@tpboi, i don't see it myself unfortunately
Balas
HiTech danielcardwell56
@danielcardwell56, after 20 years of trading you will
+1 Balas
@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
Balas
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