This pretty much speaks for itself. Pennant - Bottom tested 4X - Top tested 2X ..almost a no-brainer trade.
I dont have to really say much here, this chart quite absolutely speaks for itself. This is not some 5 minute pattern, and a solid Cup & Handle playing out as it should. With an extremely hard to mine coin, (CPU MINING) and roughly only 1.21 million in circulation, the bulls have collected and as shown are soon to start pushing. This coin is not easily minable ,...
My posted Inverted H&S has completely broken down blowing past reasonable retracement levels with almost no significant volume overnight. Expected continued downward direction with a retest of the 7.5K levels which are also the 12H 1000MA point. IF the 1000MA is broken, this will break the multi month move above it, and a parabolic downwards price movement may...
I'm still rather bullish on this Inverted H&S Idea thats printed out on the 4 Hour. The redline break out happened, and wic'd up closer to TP points. 20MA obviously yet again playing a major role as well. I can see a slight shake of the redline (left Shoulder to right) happening or currently in progress. Also note the 3 Day 4 Hour time bar between local wic highs,...
Cleaning up the chart and we look at basics this morning. In the past months, The 200EMA is playing a vital role with VRC price action. Shown are the 20 & 200. 200 Being yellow. VRC as expected slicing threw this short time frame average, and now looking to re-connect with the 200EMA. This will be a strike point for me if hit as well as anything below. If the...
Seems like the Vericoin market has created a short term (red Pennant) within a longer time frame repeating pattern (blue pennant). I still believe that the blue pennant will play out, and there will be another drop in price into the green consolidation zone. This Red pennant is highly forced as show my the market reaction, and if it breaks it should fall right...
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...
After a rather volatile previous 5 days, it appears that Vericoin has come back to a consolidation area as anticipated. This is a repeating pattern, towards the bottom a trending channel and pennant (blue line). We are also under the cloud, under the 4H 50 RSI and showing a short term (4 day) repeating bounce of the 4H 200EMA. It has hit the 200EMA on a 4H time...
After a huge move in Vericoin price earlier in the week as well as a BTC price rise yesterday and as Traders awake to $2,700.00 BTC I fully anticipate the Vericoin market to go back into its 'box of consolidation'. For those that may not have entered yet, this may be a decent entry point as it will signal a continuation of a strong pattern channeling upwards...
Seems like this is now confirming a cyclic pattern, almost right on cue as published a day or so ago.
After a slight weekend run up in price it appears for the moment we are about to re-enter a consolidation period. With BTC making new highs intra day traders that are looking to go into Fiat at higher BTC prices will be inclined to sell, however those looking to increase their BTC position or VRC position will be seeing the opportunity knock and strike when...
Looking at a potential 2nd consecutive Pennant top which would confirm continuation of a bullish trend. I would expect a local high here soon, if it has not already occurred (the flag pole) on the 12th. The main channel continues to trend upwards slowly over time as cyclic trading occurs within. Overall this is a very healthy sign and like the previous pennant I...
New Weekly & 3D candles seem to print a lack of market confidence. Perhaps a cool off time however in watching the order books yesterday and the extremely low volume, I dare say we soon will see new local lows. Liquidity is poor, and the sell side of the books is building dramatically with near 2 million coins on orders. I have a target between 6400-6800 sat which...
Last evening was a new 1 Week & 3D Candle at 0000GMT as well as all the other time frames. In the past two hours while watching the 1W RSI, it has now turned into willie (68.25). Tipping up, then down, up then down, there is some indecision in the market which could indicate a move in either direction. This is a very crucial point for Vericoin as far as...
As clear as day, VRC is flagging a bit on a shorter 2H TF. From the local low of 6700 to a new local high of 12599 to now 9000-9200 ish is to me a very healthy sign, and hanging very strong on .382 retrace. One of the very notable things about the past months price action is it seems to be respecting fib-levels, which is key to attracting the attention of traders....
For me it looks like VRC is forming a Cup - Handle pattern. Supporting Information: - Strong Support at 10330 sat - Increased volume
Altho not a fan of short time frames, as I tend to trade longer time frame set ups, I think this is a bit of important information to consider. Looking at a 30M chart, after the very low voulme retrace, and running a 20MA you can see the constant strikes from below the 20MA up to it and slightly beyond, again and again and again. To my eye this is consolidation,...