Vertcoin (VTC) is looking to break out
When I posted the idea for Monacoin (MCO), I mentioned that that is one of the few coins that on the weekly chart (1W) is oversold. Vertcoin is one of those few coins. So this means that it has a lot of potential to move up and right now it is looking very bullish.
On the 1D chart, the StochRSI is very bullish and the MACD has crossed over. On the 1W chart the StochRSI is curving back up from being oversold and as it rises along with the price, I expect MACD to crossover soon after.
On the short term, it looks like it had begun it's uptrend few hours ago, and it's currently trying to push past @0.0004185, where there is a huge sell wall. It is quite possibly put up by a whale to keep the price low, and to buy some more VTC at a cheaper price. However, I don't expect the sell wall to remain there for too long as the price isn't going down much, and it's pushing that wall hard.
Anyway, this is a long trade and I'm buying in now and holding for long. I think we'll see a lot of action from this coin in the coming days.
Cheers and good luck.
Tips:
BTC - 1L6dcD8CZAdevQnjJQCeWXMsmN8WT4gPib
ETH - 0x080cC01b0abA63Bde5cC535d92F0fEd8722b1678
On the 1D chart, the StochRSI is very bullish and the MACD has crossed over. On the 1W chart the StochRSI is curving back up from being oversold and as it rises along with the price, I expect MACD to crossover soon after.
On the short term, it looks like it had begun it's uptrend few hours ago, and it's currently trying to push past @0.0004185, where there is a huge sell wall. It is quite possibly put up by a whale to keep the price low, and to buy some more VTC at a cheaper price. However, I don't expect the sell wall to remain there for too long as the price isn't going down much, and it's pushing that wall hard.
Anyway, this is a long trade and I'm buying in now and holding for long. I think we'll see a lot of action from this coin in the coming days.
Cheers and good luck.
Tips:
BTC - 1L6dcD8CZAdevQnjJQCeWXMsmN8WT4gPib
ETH - 0x080cC01b0abA63Bde5cC535d92F0fEd8722b1678
Note
The sell wall @0.00041185 has reduced from 101,000 VTC to just 3,700 VTC. We could see the price climb up in the next few hours.Note
The sell wall has been taken out and I expect we're gonna have a massive breakout. Moreover, @alanmasters has just posted an idea on Vertcoin, and if you are following this trade I'll encourage you to give that a look too. Cheers!Note
The indicators for MONA and VTC and the general price action are almost identical. So as is the case for MONA, it's pretty much the same for VTC. On the 1W chart the StochRSI has only just started to curve back up and the lines on the MACD are looking to close the distance too. This coin and MONA are looking most promising to me right now, just based on the fact that, again, these two are the most oversold coins on the 1W chart that I've seen (more or less), and they have both seen much higher all time highs.
Now you can decide on how to sell these coins. I'm personally going to ride the whole 1W chart until it gets in the oversold region, while selling portions of it on the peaks and buying back on the dips, perhaps based on the 1D charts.
I will keep posting updates as we move from here.
Thanks.
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