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.
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Vericoin testing support
Trade geschlossen: Ziel wurde erreicht
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Trade geschlossen: Ziel wurde erreicht
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The second Target Reached!!!
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VeriCoin is right at the support, that previous was a resistance
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Strong correction, back to the support looks like a very interesting buying point now
panic buy now lol