CHART asked from a channel member
TIME FRAME - 1 DAY
why this TF? VTC is very volatile so its better take this TF to have a macro view
Indicators -
MA50 crossing down MA200 (Death cross) its a bearish signal
RSI going down too
PRICE -
we can se BIG candles in VTC its a money maker coin, its above uptrend line and going test 0.786 FIB again, probably RSI will touch oversold line again when reach FIB level then will be a decision time!
WHY?
the downtrend will be closer and we already tested this support twice this means its not a weak support, when touch this area again (green box) will be a big demand, looking beyond technical analysis VTC have VERTBASE launch for 2018 Q1 if they release before April this will make a good run because price will be in a good demand zone and news pushing up!
So now I'm Bearish in Vertcoin but in some days we will be in a good demand zone and closer to the release of the vertbase, this will be a good point to buy vtc but we need patience to not rush and make another analyze when this time come.
If devs fuck up in this release date and price goes down under green area probably Vertcoin will retrace 100% going back to previous accumulation phase.
TIME FRAME - 1 DAY
why this TF? VTC is very volatile so its better take this TF to have a macro view
Indicators -
MA50 crossing down MA200 (Death cross) its a bearish signal
RSI going down too
PRICE -
we can se BIG candles in VTC its a money maker coin, its above uptrend line and going test 0.786 FIB again, probably RSI will touch oversold line again when reach FIB level then will be a decision time!
WHY?
the downtrend will be closer and we already tested this support twice this means its not a weak support, when touch this area again (green box) will be a big demand, looking beyond technical analysis VTC have VERTBASE launch for 2018 Q1 if they release before April this will make a good run because price will be in a good demand zone and news pushing up!
So now I'm Bearish in Vertcoin but in some days we will be in a good demand zone and closer to the release of the vertbase, this will be a good point to buy vtc but we need patience to not rush and make another analyze when this time come.
If devs fuck up in this release date and price goes down under green area probably Vertcoin will retrace 100% going back to previous accumulation phase.
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