Vertcoin poised for long-term upside

POLONIEX:VTCBTC   Vertcoin / Bitcoin
Firstly, I think, that Vertcoin technical chart will flash a bullish MACD crossover in the next two weeks. A bullish MACD crossover occurs when the MACD rises above the signal line. It is an indicator of a bullish trend , indicating that Vertcoin price will be headed higher in the near-term, which is in alignment with the longer term uptrend on the chart.

Secondly, Vertcoin's price has found support from its 100-Day EMA , and the next level of resistance will come from the 50 day EMA . The bullish signal from the MACD will also echo by the RSI , which is reading of 44.4, which is far from the threshold of 30 used to identify oversold securities, but it can scare off to open a long position, so I advise you to wait for the bullish MACD crossover on 3D TF.
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