Vertcoin Impulse wave1 completed, progressing through wave 2
It seems Vertcoin has recently completed a triple combo correction as well as a Wave 1 impulse, moving through a wave 2 currently. Price action is just below the Blueberry EMA (800 EMA) and should continue to the next Support zone where I am expecting a reversal to start progression through wave 3 impulse. TDI shows the RSI line (Black) just above the middle band, preparing to drop again to the bottom of the TDI channel.
Entry would be once wave 2 has completed and wave 3 starts, purchase on breakout of structure.
In summary, I'm expecting price action to continue on it's path as a normal progression of a wave 2 impulse wave, once completed, we should see a rise up to the highest resistance point marked on the chart, as a completion of wave 3.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
Entry would be once wave 2 has completed and wave 3 starts, purchase on breakout of structure.
In summary, I'm expecting price action to continue on it's path as a normal progression of a wave 2 impulse wave, once completed, we should see a rise up to the highest resistance point marked on the chart, as a completion of wave 3.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
