LudwigStirner

Vertcoin poised for long-term upside

Long
POLONIEX:VTCBTC   None
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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