POLONIEX:VTCUSD   Vertcoin / US Dollar (calculated by TradingView)
Hi friends! Let's take a look at Vertcoin! As you can see, VTC recently produced a technical development, known as a "Death Cross." This is when the fast moving 50 EMA (in orange,) crosses below the slower moving 200 EMA (in purple.) It is indicative of falling price action, and usually a precursor to further downside. Additionally, we can see that major uptrend support was broken (black trendline .) After failing to hold the trendline , Vertcoin curled back up to retest it, and confirm it as new resistance. That is a sign that more downside is likely in VTC . Also, we can see that the MACD is showing a steady increase in sell-side momentum. The first major downside support, is around $4.65, at the 61.8% retracement level. Stay on your toes people. I smell blood, and so do the institutional investors who want to take your money. MPC out.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Going on sale! Yeah, baby! I hope it crashed to $2. I'm all-in on BCash during this side-ways market. Roger Ver is gonna SUCK all the money out of the alts. =D $$$
+1 Antworten
+1 Antworten
@barrylaney, No problem Barry! Thank you for following. Good luck trading, my friend!
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