- For Miha -
In our renown series of ridiculous charts, we now look at VTC.
Vertcoin, the people's coin, which aims to keep mining decentralized with it's very own 1-click miner.
From December 2017 till December 2019 VTC moved in a descending wedge (in cyan), which it just started to break out from, with a target of around $ 2.2 - $ 2.4
where it will retest the highvolume wick from juli 2018 (also roughly the area of march and april 2014).
There it will form a new high (1), which will function as the first wave of a new cycle (and completes the large parallel down-channel (dotted)) after which it will retrace to around .50 - .40 cent (2nd quarter of 2019 area) (2)
It will continue it's way to the previous ATH ( $ 9 - $ 11) were the RSI will start to signal an overbought condition (3).
Once the retrace and test for support is done at around $ 2.5 (4) ..
Vertcoin will make one last push towards $ 20, the top of the large ascending wedge (red), at which time RSI will decline and signal a divergence (yellow) (5)
In our renown series of ridiculous charts, we now look at VTC.
Vertcoin, the people's coin, which aims to keep mining decentralized with it's very own 1-click miner.
From December 2017 till December 2019 VTC moved in a descending wedge (in cyan), which it just started to break out from, with a target of around $ 2.2 - $ 2.4
where it will retest the highvolume wick from juli 2018 (also roughly the area of march and april 2014).
There it will form a new high (1), which will function as the first wave of a new cycle (and completes the large parallel down-channel (dotted)) after which it will retrace to around .50 - .40 cent (2nd quarter of 2019 area) (2)
It will continue it's way to the previous ATH ( $ 9 - $ 11) were the RSI will start to signal an overbought condition (3).
Once the retrace and test for support is done at around $ 2.5 (4) ..
Vertcoin will make one last push towards $ 20, the top of the large ascending wedge (red), at which time RSI will decline and signal a divergence (yellow) (5)
