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VertCoin Back To Previous High?On the 6th of December VertCoin established an all-time high against USD, hitting $10.7 price. After that, a corrective wave down follow where the price dropped down to $6, and consolidation has begun. During the past month, VTC/USD has been trading within that range, without showing much weakness nor strength. Although on the 2nd of January price broke above the descending channel, 200 Moving Average and the resistance at $6.8. It seems that VertCoin could be getting higher once again, although it is unclear whether it will be the final wave up before the correction, or a continuation of the uptrend.  The key resistance is at $10.4 where 361.8% Fibonacci retracement applied to the corrective wave down after the resistance breakout. It could happen that VertCoin will produce a double top near the $10 psychological resistance, which is the key resistance area at this point. Break above, or a rejection should provide more clues about the further direction. On a downside note, break below $5.5 support should invalidate bullish outlook.
VLong
by CryptoPAMM
6
Vertcoin (VTC) - Significant Profit Potential Ahead?VTC Fundamentals VTC is an old project which has a very similar character to Litecoin (LTC). The currency has been well known for quite some time, and I believe that it may be significantly undervalued. VTC has a low circulating supply (42M) and max supply (84M) giving it significant upward potential. It has the character of a slow mover in terms of the cryptocurrency world, but it tends to hold its value. With its grass roots development and sound history, VTC has demonstrated itself to be a reliable open source project. In short, VTC is the Linux of Altcoins! Summary Technical Analysis The chart above is my own detailed technical analysis of VTC. If one confines oneself to look only at daily patterns (market close), a beautiful pattern emerges. VTC is in the midst of a long term 1-3-5 Elliot Wave pattern. On the 1-2 branch and 3-4 branch of this impulse wave, there have been A-C-E triangle corrective phases. These triangle corrective phases between each upward push are highly symmetric if overshoot due to large capital injection into the crypto market cap is neglected. Note that VTC exhibiting these A-C-E corrective phases in between bull runs is somewhat different than other Altcoins, which typically have short deep corrections between each branch of an 1-3-5 Elliot impulse wave. The VTC correction waves seem to last about a month. Outlook Moving Forward It is my opinion that VTC will begin to appreciate in value by the end of the month. Analysis by Fibbonaci numbers suggests a price in the 15-20$ range per coin on an extended 5th of the first 1-3-5 impulse wave. Note the fractal slopes of 20 degrees for correction and 70 degrees for bull runs. This is a common pattern which appears quite frequently in Altcoins. Additionally VTC is a low market cap coin, and it is certainly feasible that it could reach new heights in price a sentiment builds around an alternative to LTC. Also since this is the first Elliot wave sequence on VTC, one could look at VTC as a ground level opportunity - similar to when LTC was in the 5-10$ range. As is seen in other with other Altcoins, a second impulse 1-3-5 wave could send the price up into the 80-100$ range later this year. However, since VTC tends to move slowly, hodl your coins for the medium to long term. Confidence level: 3.5/5 Keep it real @mxcrypt Standard Legal Note These solely my own ideas. This is by no means professional financial advice and I cannot be held accountable for any investment decisions undertaken by reading this article. Found this helpful? Feed me some crypto! BTC Wallet :3PPENyabp2gsEfNahLyhMsgdwtjbodrtFm ETH Wallet :0x7792cB95e9faa8B4049c88dD0dD567Cb843bc696 LTC Wallet :MXDmNsYKccTxnyXe4vpq3XrbstHsKex9S9
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by hyper_cubist
1
VTC: FORECASTING THE FUTUREI like VTC. But it's rising in a bubble pattern and consolidation will happen. So, I do not consider entering at the moment. I've made some long term predictions of the price movement. This is really just some general view of possible price moves and entry levels for really long term (few months) and this forecasting can be way way off. Blue boxes are areas that I'll consider to enter for a trade. Short term trade (and a very risky one: the red question mark (?) can happen) can be from 7 to 11 USD at wave 5 (current EW). After consolidation next entry can be at 4-6 USD (mean trend line) for long term investment to the new ATH. Predictions are made on similar charts like if you look at the STRATIS chart for long term (from March 2017 till today). Again, this can be way off and price levels are not precise. So this is not an investment or trade advice. Just a point of view that can help to establish your own idea when is good to enter in VTC. GL.
VLong
by asuban
Vertcoin is headed to $24Wait what? But it's price has just been cut in half? Vertcoin has been outpaced by everything else!! Look at the parabolic increase we see from the initial wave 1, to 3 to 5. Wave 3 was super extended. Wave 5 was extended. So why did price cut in half? Because that was our wave 1, and now we are on wave 2. We are getting ready for a very very strong wave 3. On the chart i have lined with green are targets 1 and 2. If Vertcoin hits target 2, you better believe that we are going to head up to $36 by the 2nd quarter of 2018. Vertcoin is still in baby stage, you can tell from the great amount of volatility that still surrounds it. I expect that to decrease as we continue to go up. Where is the entry? I'll upload a picture of whats going on with this correction and where we are headed. But you could enter now, and be perfectly fine. People are not lying when they say 2018 will be the year of cryptos...
VLong
by Elijah_Trading
12
Vert Coin Pressuer Building!!! New Year's PopPressure is building Up for VertCoin! Very Bullish, as we appear to be entering a FLAG/PENNAT that may not burst to the upside until late 2017/early 2018 New Year's?! Elliot Wave prediction can clearly be seen on my Chart, with an A,B,C retracement pattern. This is my best Educated Guess as to where this market is headed. Looking at the sine wave in the (FLAG/PENNAT) suggests that we could ping pong up and down and potential dip to another low of $7.00 No Worries, it looks very solid and will burst forth; around or shortly after BTC and LTC hit their Merry Christmas Highs'!!! (Lets keep an eye on this Crypto to see how accurate I am on sticking my neck out there)?! Don't be afraid to critique my judgement; especially after the fact, which should be all too easy to do! I don't mind being the Whipping Boy from time to time. Merry Christmas!!! ; )
VLong
by iknoxred2012
1
Vertcoin Impulse wave1 completed, progressing through wave 2It 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! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
VLong
by UnknownUnicorn661419
Vertcon Tumbles but Recovers - 12-20-2017Vertcoin dropped lower yesterday and the first part of today but found support at the 50% retracement level as well as the 50 SMA. Price is now rising above the 21 SMA and looks like it wants to trade back up to the ATH at 10.70. Price will also have to break through resistance @ 9.71 which it could not overcome the last time. Let me know if you like these new line charts. I think they reduce the noise of the candles. Leave a comment below and let me know what you think. :=) If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
VLong
by GoldBands
1
Vertcoin Drops, Breaking Ascending Triangle - 12-19-2017Ascending Triangle was broken last night with a big sell-off. Price declined sharply and found support at $8.61, a previous support level. The Bollinger Band also provided support and price is not trading above the BB Midline, with another tag of the resistance level at $9.71 possible. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
VLong
by GoldBands
Vertcoin Accumulation Continues - 12-18-2017Oh, Vertcoin, you are still rangebound. While we've had 3 solid green candles, price has not shoot off to the moon in this latest crypto rally. However, on the positive side, price has respected the Bollinger Band midline and is now trading in the upper part of the range. There are big money bulls buying up every dip. The longer the accumulation, the higher the breakout will go. Look at NEO for a great example of what happens with a really long accumulation period. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
VLong
by GoldBands