VTCBTC approaching 5th wave?
Nothing is better than when good TA meets good FA and I think we may have that happening here.
I think TA wise this chart provides a great risk:reward due to a potential 5th wave of the Elliott Wave. Due to where it is located, though, it can not close on the daily much lower or else it will be invalidated but the upside is tremendous if it holds its current level and continues to climb. I also like it's current level as it hovers right around that 200MA. Also, the constant descent in volume since its last run is encouraging. All it takes is one volume spike here to send this thing running into it's 5th wave (and the 5th wave is known as the longest of all 5 waves). I think it provides good r:r here because on top of this TA the FA looks good also.
Vertcoin exploded a few months ago leading up to its halving and has cooled considerably since, but looks to me like it's ready for its next run. This coin still is tremendously undervalued IMO and they have a lot looking good for them upcoming. They continue to push to get added to new exchanges. They were added to one in the UK today. Being added to Binance would be ultra-bullish so be on the lookout for that. They also have Vertbase releasing in Q1 of 2018 which is a fiat/VTC exchange in the US which will eliminate the need to go fiat-BTC-VTC in order to purchase this coin. That will allow so many new investors to be able to purchase VTC in a lot easier and less difficult manner. On top of that they recently assembled a marketing team to ramp up their efforts to alert the masses to this undervalued coin.
All in all I think this set up looks great on a coin that I believe in and now I just hope that this 5th wave is validated so that we can all enjoy a run to new highs over the next few months.
I think TA wise this chart provides a great risk:reward due to a potential 5th wave of the Elliott Wave. Due to where it is located, though, it can not close on the daily much lower or else it will be invalidated but the upside is tremendous if it holds its current level and continues to climb. I also like it's current level as it hovers right around that 200MA. Also, the constant descent in volume since its last run is encouraging. All it takes is one volume spike here to send this thing running into it's 5th wave (and the 5th wave is known as the longest of all 5 waves). I think it provides good r:r here because on top of this TA the FA looks good also.
Vertcoin exploded a few months ago leading up to its halving and has cooled considerably since, but looks to me like it's ready for its next run. This coin still is tremendously undervalued IMO and they have a lot looking good for them upcoming. They continue to push to get added to new exchanges. They were added to one in the UK today. Being added to Binance would be ultra-bullish so be on the lookout for that. They also have Vertbase releasing in Q1 of 2018 which is a fiat/VTC exchange in the US which will eliminate the need to go fiat-BTC-VTC in order to purchase this coin. That will allow so many new investors to be able to purchase VTC in a lot easier and less difficult manner. On top of that they recently assembled a marketing team to ramp up their efforts to alert the masses to this undervalued coin.
All in all I think this set up looks great on a coin that I believe in and now I just hope that this 5th wave is validated so that we can all enjoy a run to new highs over the next few months.
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