Get started

Vertcoin

VertCoin Back To Previous High?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 $5.5 support should invalidate bullish outlook.
VLong
by CryptoPAMM
6
Vertcoin (VTC) - Significant Profit Potential Ahead?VTC Fundamentals VTC is an old project which has a very similar character to Litecoin (LTC). The currency has been well known for quite some time, and I believe that it may be significantly undervalued. VTC has a low circulating supply (42M) and max supply (84M) giving it significant upward potential. It has the character of a slow mover in terms of the cryptocurrency world, but it tends to hold its value. With its grass roots development and sound history, VTC has demonstrated itself to be a reliable open source project. In short, VTC is the Linux of Altcoins! Summary Technical Analysis The chart above is my own detailed technical analysis of VTC. If one confines oneself to look only at daily patterns (market close), a beautiful pattern emerges. VTC is in the midst of a long term 1-3-5 Elliot Wave pattern. On the 1-2 branch and 3-4 branch of this impulse wave, there have been A-C-E triangle corrective phases. These triangle corrective phases between each upward push are highly symmetric if overshoot due to large capital injection into the crypto market cap is neglected. Note that VTC exhibiting these A-C-E corrective phases in between bull runs is somewhat different than other Altcoins, which typically have short deep corrections between each branch of an 1-3-5 Elliot impulse wave. The VTC correction waves seem to last about a month. Outlook Moving Forward It is my opinion that VTC will begin to appreciate in value by the end of the month. Analysis by Fibbonaci numbers suggests a price in the 15-20$ range per coin on an extended 5th of the first 1-3-5 impulse wave. Note the fractal slopes of 20 degrees for correction and 70 degrees for bull runs. This is a common pattern which appears quite frequently in Altcoins. Additionally VTC is a low market cap coin, and it is certainly feasible that it could reach new heights in price a sentiment builds around an alternative to LTC. Also since this is the first Elliot wave sequence on VTC, one could look at VTC as a ground level opportunity - similar to when LTC was in the 5-10$ range. As is seen in other with other Altcoins, a second impulse 1-3-5 wave could send the price up into the 80-100$ range later this year. However, since VTC tends to move slowly, hodl your coins for the medium to long term. Confidence level: 3.5/5 Keep it real @mxcrypt Standard Legal Note These solely my own ideas. This is by no means professional financial advice and I cannot be held accountable for any investment decisions undertaken by reading this article. Found this helpful? Feed me some crypto! BTC Wallet :3PPENyabp2gsEfNahLyhMsgdwtjbodrtFm ETH Wallet :0x7792cB95e9faa8B4049c88dD0dD567Cb843bc696 LTC Wallet :MXDmNsYKccTxnyXe4vpq3XrbstHsKex9S9
V
by hyper_cubist
1
#VTC VertCoin longDaily #VTC ... Wanting history to repeat itself in the short term. Long term when vertbase comes out it should drive up the price. Eventually I think we will all be saying "man I wish I had bought more #VTC below 50k." Descending wedge - price is discounted right now. Will at least reach 50k in the short. MACD wants to cross over, volatility is getting less and less. Price action is flirting with the bottom Bollinger. #VTC found support on the 200 day MA also.
Long
by crypt0dank
2
Vertcoin Buy SignalVertcoin have touch a new low point on down trend on a 1 h chart, but the real trend is a up trend. Now vertcoin have establish a support zone around 5.5 $ and have created a triangle channel pattern how give a good signal to buy this coin for a mid-term investment. Buy low around support zone and sell around 7.3 - 7.7 $ when hit the resistance zone. if the price is consolidating around resistance zone, wait the correction and then is a big buy signal again around 7.1 - 7.4 $. Stop loss i like to be 3 times more small then the reward.
VLong
by georgethefirst
VertCoin - A Risky Purchase?During the past 6 months Vertcoin has been moving upwards against Bitcoin, although at the end of October when it reached the 96k satoshi high, the price dropped strongly. The wave down was stopped at the previous resistance near 40k satoshi. This is when a consolidation period started and since then VTC/BTC continued to trade within the range between 40k and 85k satoshi. While the support is holding it is likely that range trading will continue and VertCoin will go towards the 85k resistance once again. Nevertheless, although the upside potential is there, VertCoin remains a risky investment as price still could go back to test the uptrend trendline near 35k satoshi level.
V
by CryptoPAMM
10