Vertcoin breaks out of descending channel
Updated
Short Term:
Vertcoin finally broke out of its descending channel tonight. Volume seems low but if this continues we could see a decent leg up here. Set a stop loss - if we re-enter the channel it could go the other way.
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Long Term:
Vertcoin's new Verthash algorithm is the gold standard of ASIC-resistance. That combined with the easiest to use miner (One Click Miner) and the ongoing involvement with the lightning network and submarine swaps is great news for VTC. The Vertcoin developers deserve some real credit and should not be under-estimated.
Vertcoin finally broke out of its descending channel tonight. Volume seems low but if this continues we could see a decent leg up here. Set a stop loss - if we re-enter the channel it could go the other way.
----
Long Term:
Vertcoin's new Verthash algorithm is the gold standard of ASIC-resistance. That combined with the easiest to use miner (One Click Miner) and the ongoing involvement with the lightning network and submarine swaps is great news for VTC. The Vertcoin developers deserve some real credit and should not be under-estimated.
Note
Not enough volume to push through a measly sell wall at 1300. Not expecting much movement until that changes.
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