Verium entering in to recovering phase to reach new ATH.
Updated
Based on TA and FA I see there potential for VRM/BTC .
There is three obstacles on the way, but first two bullish signals we already can see on the chart. I'm going to post updates daily on smaller TF. Now is a good time to enter with reasonable amount and add more on it's way up.
First target : .68500 sat
Stop: below .47600 sat.
My advise: fix 30% of investments once first target reached.
All the best !
There is three obstacles on the way, but first two bullish signals we already can see on the chart. I'm going to post updates daily on smaller TF. Now is a good time to enter with reasonable amount and add more on it's way up.
First target : .68500 sat
Stop: below .47600 sat.
My advise: fix 30% of investments once first target reached.
All the best !
Trade active
Passing thru ichimoku cloud on 1h. It is very important to went below the red resistance line, actually this is most important bull signal so far. You can add more below this line.
Trade active
Here is my daily update. We are perfectly bounce from local resistance and looks like trades consolidate for a new attack. As you can see it forms a triangle, where buy/sell pressure grows and we can expect strong move into one of directions. I expect upward move to line (2) and closing 4h under. Maximum we can expect in near future is touching line (3) and zone .68000.
p.s. I'm worrying about line (1) we actually should test at least one more time.
closing lower line (1) will bring us to .45700 are and gives good buy opportunity.
Note
Hello lads.
My worries wasn't my fantasy, as I said yesterday, line (1) was tested only once, but support to be conformed need at least 3 confirmations. So we are seeing now how trades are actually looking for support. For strong upward movement we need solid ground. Let's see how it'll play today. Also pay attention on indicator at the bottom and divergence it's create. I can say that trades currently been "squeezed" rom triangle, and there is compression zone coming from buyers and sellers. One of the good sighs is a MACD did not cross, so we are still bullish, and if we don't reach .45K this could be called "fake breakdown" Let's se. As I said before, .45K give as a buying opportunity, and momentum to go up. So honestly me, I would like to .45K today.
Trade active
P.S. Everything over .62K we count as bullish, so most go the buy orders thou be there. The rest us "confrontations"Note
Trade active
Well, as I said before, there was no confirmation of support and that we need at least one more dip(two more better) But now we can draw a new support line that will show as fighting ground for next 5-7 days. I think we might touch support line (S) one more time before massive attack on resistance and possible trend reversal with first target above .62K. We can add small buy order here .48444 and ad some when S line tested again. I'll advice you to fix part of position when trades reach .62K. Because we can bounce from there, so you will have fiat to buy the dip. All the best!
Trade closed: stop reached
We've been failed to confirm a S(support) trend line on 3rd touch. Stop on .47600 been worked out.
It is too early to buy, unless we have proper confirmations of S2.
Let's see how it goes, but looks like we are in buy zone.
Trade closed: target reached
After multiply BTF moves, Verium finally gather momentum to attack it's main resistance. I don't feel that we will break it that easy, let's how it will act in a new triangle, but this can a good beginning!
Trade active
Strong move up expected from formied triangle.
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