Volume analysis of VRC and what to expect
Updated
Selling pressure/volume seem to be drying up at current prices and we might move up another level and retest 1st resistance (R1) where there is more volume activities.
There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.
There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.
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The last 24 hours (30mins chart) volume profile snapshot. The upcoming Vericoin AMA on reddit here at (reddit.com/r/vericoin/comments/7shq95/vericoin_and_verium_live_ama_january_26th_5pm_est/) and community twitter poll (twitter.com/BinanceAlert/status/956335880809181184)Ascending triangle forming over the past 24 hours with heavy resistant around 14000-14500. Hoping we can break away from the triangle up to 16000. Small chance it drop back into 13000 and consolidate there.
Note
Vericoin AMA live on youtubeyoutube.com/watch?v=KmFOaxSC0nE
Note
There was a high volume downwards selling pressure (bearish) but it is insignificant compared to previous few uptrend volume. A temporary setback and will possibly stay neutral/bearish over the weekends. On the longer time frame, the trend is still healthy.Trade active
Unexpected price action. Liquidated 30% between R1 and R2.Trade active
Pierced right through R2 resistance at 19000. Small chance it will go parabolic to around 35k - 55kTrade active
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W double bottom, 70% chances price reversal.
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