VTC/USD - Major Resistance Under Attack. Target: $0.40
Vertcoin has done a fine job testing that resistance at $0.23. If it continues to put pressure on it, I expect it to break and open the way towards 40 cents, which is the next key target.
The indicators are bullish on this weekly timeframe and the price action is making higher lows and highs... which is exactly what you want to see.
Miners also jumped on VTC after the ETH merge taking VTC difficultly 4x higher, which is bullish. This brings more interest to VTC and helps secure the network further which discourages 51% attacks as it becomes more costly to do.
My only concern is BTC crashing under 17k. That will scare the market and take us into the panic phase and blood on the street. Probably a good buy opportunity if it happens.
For now, my bias is bullish. Keep your eyes on this coin.
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The indicators are bullish on this weekly timeframe and the price action is making higher lows and highs... which is exactly what you want to see.
Miners also jumped on VTC after the ETH merge taking VTC difficultly 4x higher, which is bullish. This brings more interest to VTC and helps secure the network further which discourages 51% attacks as it becomes more costly to do.
My only concern is BTC crashing under 17k. That will scare the market and take us into the panic phase and blood on the street. Probably a good buy opportunity if it happens.
For now, my bias is bullish. Keep your eyes on this coin.
Like and follow if you liked this idea!
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