Vertcoin long - big accumulation period, december surprise soon
Taking a look at vertcoin:
There has been very little price action since the dip in December, it could be that people are accumulating right now since it's quite cheap.
Volume is lower than it was in November, and it has been steady for a while. It's bound to rise at one point.
MACD and RSI seem to be recovering which is a good sign.
There is also a symmetrical triangle here which is gonna breakout soon.
On the other hand I don't like how the ichimoku cloud is looking: bearish TK-cross in the cloud and it left the kumo cloud which are both bearish signals.
There is going to be a december surprise on the 31st though so that may boost the price and be the catalyst for a bullrun.
Overall I'm more bullish on vertcoin than bearish.
Enter if it breaks upwards.
If you like my analysis consider following me on twitter: twitter.com/cryptoniter
There has been very little price action since the dip in December, it could be that people are accumulating right now since it's quite cheap.
Volume is lower than it was in November, and it has been steady for a while. It's bound to rise at one point.
MACD and RSI seem to be recovering which is a good sign.
There is also a symmetrical triangle here which is gonna breakout soon.
On the other hand I don't like how the ichimoku cloud is looking: bearish TK-cross in the cloud and it left the kumo cloud which are both bearish signals.
There is going to be a december surprise on the 31st though so that may boost the price and be the catalyst for a bullrun.
Overall I'm more bullish on vertcoin than bearish.
Enter if it breaks upwards.
If you like my analysis consider following me on twitter: twitter.com/cryptoniter
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.