POLONIEX:VRCBTC   VeriCoin / Bitcoin
With a new weekly candle printed just over 12 Hours ago, this is where I expect some 'shenanigans' and movement and with the markets slight upswing overnight, I think a test of lows will come 1st. 4H RSI is getting a bit high, the forced red pennant is broken out with the 20MA & the 200 EMA well below price. The volume profile is too low for a continued strong uptrend, so my thought is we will retest bottoms one more time from this price level. Areas I'm looking at are marked with a red arrow,to see potential support & with my no fear buy zone, which is as expected at the bottom of a 6 month trending channel and a longer time frame pennant (blue). This would also cut downwards and threw the 20MA on a 4H TF and possibly touch the 200EMA on a 4H TF for a bounce & strong strong test.

If the market does begin to fall & re-test lows, this would paint a higher low wic on a weekly candle which has been the theme for Vericoin for the past weeks time and time again, and provide a decent trade set up for the rest of the week and into the next.

Homepage: http://www.vericoin.info/
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If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers.

BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT
great analysis.. will buy the dip
I should add - I have been watching and reading along the way. Good stuff
You have been stalking this coin for a while now... I hope it pops
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