[VRMBTC](1400% PP) Verium LONG Chart AnalysisWelcome to this updated analysis on VRMBTC Let's get right to it!
If this bullish roll in, maybe VRMBTC will break resistance and reach 0.00044461 bullish flag projection.
A breakout above the trend line would cause VRMBTC to rally to about 1400%
Verium ( VRMBTC ) Trade:
Targets:
0.00044461
0.00015701
Avoid loss by not going below
0.00004620
This information is to be used for educational purposes only
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VRMBTC
[VRMBTC](1400% PP) Verium LONG Chart Analysis @alanmastersVerium (VRM) Overview
Verium (Ticker: VRM) was created to be an innovative, independent store of value asset, in addition to supporting the VeriCoin blockchain. Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This allows Verium to automatically scale, enhance transaction speed and capacity, while ensuring security at any level of mining. Through Verium’s auxiliary mining protocol (AuxPOW), Verium will also process VeriCoin blocks. This process will speed up VeriCoin’s block-time to 30 seconds or faster. This enables VeriCoin’s network to provide an efficient and scalable ecosystem for consumer transactions well beyond current standards.
Proof of Stake-Time (PoST) is a novel approach to forming a consensus by introducing a stake-time component, where the probability to stake increases over time. This better incentives staking and enhances the security of the network. It also enhances the decentralization of the consensus.
Verium (VRMBTC) Chart Analysis
Let’s start by looking at Verium’s daily chart, for learning and entertainment purposes:
Here you can see that VRMBTC is now trading above MA200, which is the black line. This hasn’t happened mid-February 2018, so this is a significant resistance that is being broken. The break comes with high / above-average volume.
The RSI is on the bullish side.
The MACD is showing hidden bullish divergence. This altcoin can move short term and has huge long term potential.
Let’s look at the weekly chart and focus on longer-term targets and signals.
Weekly chart:
Here we can see that Verium (VRMBTC) is now trading above EMA10, weekly candle needs to close for this signal to be confirmed. VRM hasn’t traded above EMA10 since the last cryptocurrency market bull run, trading above is a bullish signal.
The yellow square on the chart is the demand zone. This same zone has been providing liquidity since 2016, this is very likely to be the bottom.
You can accumulate over time and hold long term, or buy for short term profits or a mix of both.
Verium (VRMBTC) Trade
Targets
(1) 0.00011300 -Reached 10-March (+21%)
(2) 0.00012800 -Reached 2-April (+37%)
(3) 0.00013900 -Reached 2-April (+48%)
(4) 0.00016000 -Reached 2-April (+71%)
Longer term
(1) 0.0002380
(2) 0.0003310
(3) 0.0004800
Stop loss: Close weekly below 0.00007000
Capital allocation: <3%
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VRM MID TERMVRMBTC currently in an upward channel following it nicely at this point.
RSI showing bearish divergence and MACD reset which indicates a bull run coming in near future.
Target around 90k satoshi, waiting a week or two
Verium VS Bitcoin Ready For a Jump?Verim price started to rise on the 11th of December and went up from 13k up to 135k satoshi, resulting in a 958% growth in less than a month. The interesting thing is that VRM/BTC failed to test the 76.4%, but it broke above the 61.8% Fibonacci retracement level.
Price continues to bounce off the 200 Moving Average and the 4/1 Gann Fan trendline, suggesting that the uptrend is likely to continue. First strong resistance is at 76.4% Fibs, that hasn't been yet tested. While the consolidation period might take some time, the uptrend remains valid and Verium is expected to produce a double top and if resistance is broke could go much higher. Only break and close below 23.6% Fibonacci support at 51k satoshi could invalidate bullish outlook.
VERIUM (VRM/BTC): Getting ready for a rallyVERIUM could be one of the first currencies to pop out in the second alts rally of 2018. Despite it spiked yesterday (due to a pump&dump group) it's come back to the level it should be right now, and if resistance is broken it may go quickly to its targets at 202k and 318k. The bid/ask ratio in Bittrex is awesome too (4.500.000 VRM bid vs. 111.000 VRM ask). It may moon.
#VRM attempting to break upward for +64% target $27Verium is attempting to break above resistance area and if it is able to, then I see potential for a couple hour rally from the $17 starting line to $27 completion for a 64% increase.
Verium looking upVerium completed a massive multi month cup and handle in August. Since then, aside from a few minor pumps, its price has been declining. Now, the 21 and 50 day MA have crossed and the 9 day has been solid support for the last week on the daily chart. Looks like Verium will be making a run up. There is a lot of room for upward mobility to an ATH. Buy in 30000 sat range. target 75000, 100000 sat, maybe more. This trade will take a while to get there. We are talking weeks to months timeframe.
Crypto trading and investing is unpredictable. Do your own research. I'm just a noob that likes looking at charts and patterns. Once in a while I am right. But hey, even a broken clock is right twice a day!
VRM to $25 by Mar 2018, 1000% targetRough trend analysis on VRM. Looks like an ascending triangle, suggesting a continuation of the upward trend once the flat is broken above the current ATH. I'm estimating the target at a very rough distance from the beginning of the flag, so it could rise to $10 or as high as $25.
Verium Digita Reserve (VRM) -- Falling Wedge (Reversal)The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
I don't think it will break the resistance zone of .00062860 in this first falling wedge breakout. I think it will most likely hit the resistance zone area then retreat for further consolidation before further up growth breaking through the resistance zone. It will probably form an Ascending Triangle (Continuation) along the resistance zone before breaking through for more growth heading towards the first profit target of 0.001200.
VRM MAJOR BREAKOUT; POTENTIAL BULLRUNI'd love to disclose how I know this :)
Give it 3-5 days. If not blastoff tonight
Verium New Trading OpportunityThe price bounced from the support zone. RSI confirmed price reversal in the oversold zone. MACD histogram confirms upward movement and MACD lines are going to do the same within several days. ADX line of DMI indicator rises and it tells us that the market is going to move upward. We have the market at the local bottom and it's a good buy opportunity. Pending orders for buy should be placed above the high of the current candle at 0.000550 level. Stop orders must be placed below the support zone at 0.000300 level. Profit targets are 0.001200 and 0.001600 levels.
Verium - ancient technology of dual-blockchainHi All!
Today we buy Verium .
Entry: 45k sat
Target 1: 200k sat
Target 2: 300k sat
This mysterious dual-blockchain coin has only $3m market cap. As the developers have had a few beers in Goblin Town, the Goblins are now buying. We see Verium as Gold, transferring our precious Bitcoinses into Veriumses.
Happy trading! :)
P.S. This weekend starts YT series, next week release of wallet, upgrade of protocol, revolutionary Gemini wallet is on the way and hold yer breath here, these Verium developerses have something huge-huge ready for y'all to unleash at WebSummit Nov 7-9th. Also, some Veriumses talked Russian, Chinese, Japanese, Korean during their stay in GT. Ancient prophecy... big exchanges...
p.P.s. Goblins take profits on Bitcoin at $5.8k, Bomba!
VRM falling wedge waiting for breakoutWaiting for VRM to break out of the falling wedge if it also breaks the resistance(in red) then it would be really interesting