Vertcoin Continuation Flag
Vertcoin crashed all the way from it's Feb 2014 ICO highs from 11 USD to .005 USD.
A lucky man who scooped up that low, because at today's price of 4.35, they would have seen an 860x increase in price.
VTC has climbed straight up since April 2017
and it doesn't show any sign of slowing down.
Volume shows bullish spikes, RSI gets overbought and not oversold,
and the 200 day moving average is sloping upwards. These are bullish signs on all fronts.
Since October, VTC has put in a classic Flagpole + Flag consolidation pattern.
We can expect a break out in the direction of the trend. If we take the measured move, the movement of the flagpole, then we should hit our target of the old all time ICO highs around 11-12 USD.
Break out over 5 and over the trend line of the consolidation flag.
Stop under the flag at 3.30
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MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
A lucky man who scooped up that low, because at today's price of 4.35, they would have seen an 860x increase in price.
VTC has climbed straight up since April 2017
and it doesn't show any sign of slowing down.
Volume shows bullish spikes, RSI gets overbought and not oversold,
and the 200 day moving average is sloping upwards. These are bullish signs on all fronts.
Since October, VTC has put in a classic Flagpole + Flag consolidation pattern.
We can expect a break out in the direction of the trend. If we take the measured move, the movement of the flagpole, then we should hit our target of the old all time ICO highs around 11-12 USD.
Break out over 5 and over the trend line of the consolidation flag.
Stop under the flag at 3.30
-----
!! PM me with chart requests !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
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Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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