Following the previous idea on VeriCoin, it broke above our target signaling that it could go much higher. After breaking a strong resistance at $0.77, VRC/USD corrected down to $0.55 where it rejected the uptrend trendline as well as 200 Moving Average.
The trend remains very bullish and VeriCoin should go higher towards either $1.8 or $2.2 resistance levels. These levels are confirmed by the Fibs applied to the corrective wave from the previous all-time high. Only a break and close below the 200 Moving Average could invalidate bullish outlook, but for now it is clearly trending upwards.
The trend remains very bullish and VeriCoin should go higher towards either $1.8 or $2.2 resistance levels. These levels are confirmed by the Fibs applied to the corrective wave from the previous all-time high. Only a break and close below the 200 Moving Average could invalidate bullish outlook, but for now it is clearly trending upwards.
Kommentar:
Vericoin testing support
Trade geschlossen: Ziel wurde erreicht
Trade geschlossen: Ziel wurde erreicht:
The second Target Reached!!!
Kommentar:
VeriCoin is right at the support, that previous was a resistance
Kommentar:
Strong correction, back to the support looks like a very interesting buying point now