VeriCoin (VRC) Climbing Upwards - Crypto Analysis 10

VeriCoin (VRC) Climbing Upwards – Crypto Analysis

VeriCoin has been range trading mostly, between $0.3 and 0.4, although it is trying to climb up higher.

The downtrend trendline has been rejected as well as 61.8% and then 50% Fibonacci retracement levels. In addition to that, VRC/USD managed to break and stay above the 200 Moving Average on a 1H timeframe.

At the same time, the downtrend trendline is not broken and strong resistance formed at $0.357. VeriCoin is attempting to go higher but struggling. Break above the local resistance should support a short-term growth towards 127.2% Fibonacci retracement level at $0.45. And, if it managed to break even higher, much more profit opportunities should present themselves.

At the moment, range trading continues.