Here we look at a simple channel trend on VRCUSD for YTD. Looking for areas of consolidation naturally, and then once found, looking to try and time prior consolidation periods date ranging from a Local High, to a local low. To me, it appears we are in a 2nd longer time frame consolidation period of 50 days. (The two green highlighted areas on the YTD Chart) With the past local highs having four wics to the top of this trending channel, it seems that we are soon ending this consolidation and should see a markable price movement upwards soon. Of course BTC's price movement will affect the valuation considerably, however with BTC ranging on longer time frames in a 3-400 range, it too could be consolidating in the longer term. The heavy volume in September that did NOT result in an immediate push outside of the channel to me signals that the channel is strong, and is now looking for its 3rd conformation point. (Numbered boxes)
Out side of the technical aspect of the chart, The Vericoin & Verium team has confirmed they will be appropriately represented at websummit.com/ at the Lisbon Portugal Meo Arena with a staffed booth on the floor November 6th threw the 9th. It's said that here they will be able to demonstrate and explain the major key benefits of their planned binary chain with their Verium (Proof of work) blockchain along side Vericoin (Proof of stake) that will be conjoined in the future to eliminate the scaling issues that plague some of the most common, and highly traded blockchains including BTC, ETH and others encounter. It should also be mentioned that they will also be highly involved with explaining the other planned additions to the Vericoin/Verium suite of blockchains, such as ARTIS , SIPHER & USOR. (See Road map linked below for details) If you are not familiar with websummit, this is a technology convention with some of the worlds top companies attending, and persons of notable interest. For Vericoin and Verium this is a huge amount of positive exposure to a specific and targeted group of investors, VC's and corporations, which is exactly where emerging market technologies should be.
More information on Vericoin and Verium is found here --> portal.vericoin.info/
Road Map found here ---> portal.vericoin.info...elopment-roadmap-v1/
Road map Development Status found here ---> portal.vericoin.info...-future-of-vericoin/
Vericoin & Verium Slack found here ---> vericoinandveriuminvite.herokuapp.com/
At the writing of this Verium its sister blockchain is currently being traded at $2.08 USD On bittrex.com/
Out side of the technical aspect of the chart, The Vericoin & Verium team has confirmed they will be appropriately represented at websummit.com/ at the Lisbon Portugal Meo Arena with a staffed booth on the floor November 6th threw the 9th. It's said that here they will be able to demonstrate and explain the major key benefits of their planned binary chain with their Verium (Proof of work) blockchain along side Vericoin (Proof of stake) that will be conjoined in the future to eliminate the scaling issues that plague some of the most common, and highly traded blockchains including BTC, ETH and others encounter. It should also be mentioned that they will also be highly involved with explaining the other planned additions to the Vericoin/Verium suite of blockchains, such as ARTIS , SIPHER & USOR. (See Road map linked below for details) If you are not familiar with websummit, this is a technology convention with some of the worlds top companies attending, and persons of notable interest. For Vericoin and Verium this is a huge amount of positive exposure to a specific and targeted group of investors, VC's and corporations, which is exactly where emerging market technologies should be.
More information on Vericoin and Verium is found here --> portal.vericoin.info/
Road Map found here ---> portal.vericoin.info...elopment-roadmap-v1/
Road map Development Status found here ---> portal.vericoin.info...-future-of-vericoin/
Vericoin & Verium Slack found here ---> vericoinandveriuminvite.herokuapp.com/
At the writing of this Verium its sister blockchain is currently being traded at $2.08 USD On bittrex.com/