VRM MID TERMVRMBTC currently in an upward channel following it nicely at this point.
RSI showing bearish divergence and MACD reset which indicates a bull run coming in near future.
Target around 90k satoshi, waiting a week or two
VRMUSD
#VRM attempting to break upward for +64% target $27Verium is attempting to break above resistance area and if it is able to, then I see potential for a couple hour rally from the $17 starting line to $27 completion for a 64% increase.
VRM to $25 by Mar 2018, 1000% targetRough trend analysis on VRM. Looks like an ascending triangle, suggesting a continuation of the upward trend once the flat is broken above the current ATH. I'm estimating the target at a very rough distance from the beginning of the flag, so it could rise to $10 or as high as $25.
Verium Digita Reserve (VRM) -- Falling Wedge (Reversal)The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
I don't think it will break the resistance zone of .00062860 in this first falling wedge breakout. I think it will most likely hit the resistance zone area then retreat for further consolidation before further up growth breaking through the resistance zone. It will probably form an Ascending Triangle (Continuation) along the resistance zone before breaking through for more growth heading towards the first profit target of 0.001200.
