Vertcoin Trade Idea 24 January 2018
So, here we have Vertcoin against USD on a logscale basis.
What do we see? A nice channel since beginning of 2017. Touched the support line twice earlier, bounced nicely from it. Currently lying on the 200 EMA, green box seen as support and bounced from the support trend line as well.
RSI is very low and pretty good moment to buy. Starts making higher lows now and MACD found it's bottom also. About to make a cross.
Why do I find this a good buy opportunity? It's been quite around this coin, while it's a pretty good coin and given the indicators I'm suggesting we'll make a nice up move in the coming months, expecting a new great level in the green box if we break upwards.
What do we see? A nice channel since beginning of 2017. Touched the support line twice earlier, bounced nicely from it. Currently lying on the 200 EMA, green box seen as support and bounced from the support trend line as well.
RSI is very low and pretty good moment to buy. Starts making higher lows now and MACD found it's bottom also. About to make a cross.
Why do I find this a good buy opportunity? It's been quite around this coin, while it's a pretty good coin and given the indicators I'm suggesting we'll make a nice up move in the coming months, expecting a new great level in the green box if we break upwards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.