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Vertcoin

VTC Update, Big move incoming?Yesterday I painted a bearish view, based on the downtrend and a triangle formation I was watching. Today I'm feeling cautiously bullish on VTC. The triangle broke down, as I predicted, but not with any conviction or big price move. I think the price will now look to test higher resistance. The Bollinger Bands are squeezed tightly, and the Stoch RSI is oversold on higher timeframes. I'm also watching this blue line, which starts from the beginning of this mini-downtrend, and is acting as resistance that the price action is pushing up against. The Bollinger Band squeeze means we are about to see a big move one way. I'm cautious betting for a break of that resistance. Target 8k.
by havcharts
1
VTC/BTC Projection [Nov. 4-6th]Vertcoin is currently in consolidation from the recent ATH. Price has been trending downward, but is nearing the upper bound of the recent trading channel. VTC appears to be possibly converging on a price of approximately 48-49k satoshis, and will see a either a break up, or continued trading in this downward channel. RSI has been bumping against the recently established bearish trend. If RSI can break above this level, and see support against the current trendline, upward momentum is likely. Continuation of the downward trend in RSI would indicate continued trading in the current downward channel. Recommendation is: Buy @ 54k Satoshis Sell @ 44k Satoshis
V
by AnUnlikelyOutcome
5
VTC next moveAs I pointed out in my last VTC chart, it broke downward out of it's impressive uptrend, and has been continuing down ever since. At the moment I'm seeing two things that make this an interesting coin. 1. There's a triangle formed and ready for a move. I would lean towards it being a continuation pattern and a break downward being the next move. 2. Bollinger Bands are squeezed really tight right now. This happens before a big price move. So I'm expecting a strong move downward soon. However, there is the chance this could break upwards. If it does, then buying the breakout and targeting sells at 80k would the trade.
by havcharts
1
VTC STRONG CALLINGThe chart had been playing perfectly. But how do I always say if the King moves and more achieving an ATH, the other pieces suffer. I identified to see at the time of the BTC pump (yellow line) and how it affected the path to the PG3 in red. He broke the neckline, lost strength in the dump and for me he formed a bottom to recover. ATTENTION: to take into account the behavior of the BTC. If you make sudden movements, we may have the same fate, otherwise the profit may be more interesting from now on. Cover yourself with a stop loss before eventual falls. Thank you all!
VLong
by AndresThomasShirakawa
11
Vertcoin(USD) Basic Technical LinesWe have put together basic support/resistance lines for Vertcoin. We will get all the disclaimers out of the way! 1) We have decided to plot these charts in USD/Vertcoin charts vs. the Bitcoin/Vertcoin pairing. The reasoning behind this decision is that we see more stability in the USD pairing. While we do monitor the Bitcoin pairing and factor it into our analysis, as time goes on it's effect will continue to diminish. 2) This isnt financial advice! Don't bet the farm, Dont make any bets in the crypto space unless you speak to qualified advisers and read up as much as possible to make an informed decision. Our opinion on Crypto currencies are that they are a great social experiment. Unfortunately the government hates competition and at some point they will respond to this underground currency economy. Remember that saying 'Nothing is certain but death and taxes'. 3) Yes we are long in #Vertcoin ~~~~~~~~~~~~~~~~~~~~~~~~ What we think Our outlook for Vertcoin is very bright as a stand alone Crypto currency. We believe that the continued division that is occurring within Bitcoin sphere will push many developers towards other currencies. Specifically those without histories of "destiny" forking splits that create new coins (variants). Vertcoin's development efforts of the stealth addresses will be an attractive lure for crypto enthusiasts. When Vertcoin was created in 2014, the developers were very mindful of the existing and possible future problems of Bitcoin. ASIC resistance was the key feature that won our hearts over. The mining stability that this creates will make for a very unified mining community and a relatively fair playing field. In our opinion we think that Vertcoin may be the most stable coin of its time due to its development mandate of ASIC resistance and upcoming features (Atomic & Stealth). Time will tell. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Outlook for the next few days Vertcoin should remain range bound for the next few days or even weeks. The explosive moves that just occurred over the past week (from 1 to 5 dollars) needs time to be digested. We would believe we will see it flux within 4.72 - 5.47. We would be concerned if Vertcoin has a larger breakout higher without first absorbing the initial run. A premature breakout may lead to a devastating correction and price collapse. Not fatal of course, but harming its healthy momentum for the long run. We have been working on plotting future resistance levels above historic highs using our Tony's algorithms but those will be posted on a separate chart later.
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by Nysedaytraders
VERTCOIN - Unsustainable growth?Recently we have seen parabolic growth in Vertcoins value, there has been no very relevant news that could have influenced this increase, however, they recently announced their currency will be available on the 'Ledger Nano S' wallet. Beside the fundamental standpoint when we take into account the technical view we can see that VTCBTC is following a previous pattern. I understand that you should not use past events to predict the future in trading but it should be taken into account and looked at carefully. Vertcoin is looking to recover back to the support line where you should look to accumulate unless it continues to drop you can re-think your position at a lower price, this is fairly unlikely and the growth should continue towards the resistance once the support has been hit. Orange Line - Resistance levels. Purple Line - Support levels. As always, trade accordingly. Good luck!
VShort
by thomasfar6
4
VTC trade idea for next legVTC is struggling a little bit with 23% fib. It's also over bought on 1 and 2 HR, signalling a bit of a pullback from here. Check out where I circled on the Stoch RSI. A couple of times it hit overbought on 1HR 95% and then pulled back to around 55-60% to load up for another run. I think it's going to do the same thing here. Big signals telling me we are about to see a bigger run are that 2 HR MACD is just about to cross over, and 3/4HR Stoch RSI are still oversold but heading up. MADC on the 1HR pointing up too. Pull back to refuel enough to break through the 23% Fib at 8.35k. Beyond that target another test of the 9.5k high and then beyond that 11.5k. Don't FOMO, pick a good spot.
by havcharts
VERTCOIN PT1/PT2 PERFECTLY REACHED WITH HUGE PROFITS: (PT3)After the cup and handle pattern, Vertcoin reached the PT1 target price sooner than expected. Then the PT2. What you have to take advantage of and that you mark in downstream channels, is that you are preparing for another bullrun. Pump + correction + pump .... There are resistance levels that I marked that are really the maximums. Now it is forming an ascending triangle (marked in red), in which VTC can make the pullback and then break up or continue in the bullish trend and probably follow the path I drew with ABC towards PT3. Whatever happens, Vertcoin is hungry, with interest, volume and this is just beginning. Thank you all for the likes and messages!
VLong
by AndresThomasShirakawa
8