Vertcoin has pulled back almost half of its 80k value from a few days ago.
Here, I present the oversold bounce, followed by the bearish harami pattern, and now this descending channel.
Vertcoin is currently down trending in this descending channel. Confirmation of a trend change would be a break of the descending channel with substantial volume behind the candle.
Hopefully, Vertcoin keeps going down some more so we can reap a bigger spike :)
DISCLAIMER:
Just sharing my own personal trade strategy for future reference. Take this advice at your own risk!
Here, I present the oversold bounce, followed by the bearish harami pattern, and now this descending channel.
Vertcoin is currently down trending in this descending channel. Confirmation of a trend change would be a break of the descending channel with substantial volume behind the candle.
Hopefully, Vertcoin keeps going down some more so we can reap a bigger spike :)
DISCLAIMER:
Just sharing my own personal trade strategy for future reference. Take this advice at your own risk!
Comment:
1HR potential breakout - watch for green candle with decent volume to confirm.
