Verium Uptrend Might Continue

BITTREX:VRMUSD   Verium / US Dollar (calculated by TradingView)
Verim Coin has been able to produce higher highs and higher lows during the past month, signaling on a potential continuation of the uptrend. VRM/USD has rejected the uptrend trendline followed buy a rejection of the 3/1 Gann Fan .

While moving higher under heaving trading volume it broke above the 8/1 Gann Fan and corrected back to 50% Fibonacci retracement level at $2.72, which today, in fact, was rejected, acting as a support.

Considering that Verium continues trading above the 200 Moving Average and all facts mentioned above, there is a good chance that the growth will continue, at least to the next Fibonacci retracement level -161.8% at $5.2. This is over 60% growth that could take place in the near term future. Potentially it can break above and go much higher.

On a downside, only a daily close below $2.5 should be able to affect Verium uptrend and reverse is down.

评论: Upside potential is still there
评论: rally continues
Can l ask why you are posting these if closed trades?
Dont you post new trades?
HiTech Wyatt0428
@Wyatt0428, you are asking why have I updated the trade with the Target Reached?
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