VTC 4 Hour Waves + Equilibrium Pattern

Vertcoin is uptrending and has been rejected by the 0.5 level of the fibonacci retracement.

Currently, it is trading in this equilibrium pattern. Looks to have found some support on the 20 MA.

If it can hold its support level and break past the previous resistance, then it can highly likely reach the next level of the Fibonacci Retracement.

I've bought a position at 56.5k satoshis.

Hope this helps someone out there, happy trading everyone! :)

DISCLAIMER:
Take this advice at your own risk!

Kommentar:

There was a dip, but coin still held key support of 51k - no red flag yet

Kommentar:

Good time to re-enter - bullish engulfing pattern shaping up on 1hr time frame.