Vertcoin Trade Idea (Falling Wedge, 100%+ gains possible)Vertcoin Update Log Chart
What do we see on this timeframe (1D candles)?
- possible falling wedge
- back on the lower trendline (bounced on it)
- seems to be finished with Leg E from the Falling wedge
- weak bullish divergence on the MACD (later on a bit stronger)
Given the RSI on the 4H timeframe, given the falling wedge scenario and the bullish divergence + the trendline coming in to play, I'm expecting it to break out in the coming days.
Which two scenario's are in play here?
1 - breaking out of the falling wedge from here, as in that case E is done. Breaking out, retesting and then we'll be moving upwards towards the target zones.
2 - not breaking out right now --> another retest of the bottom around 33000 sats and then a breakout and uptrend --> lowest expected.
Targets:
1 - 50000 sats
2 - 60-62500 sats
3 - 80000 sats
