Hi all!!
Today I want to do some technical analysis on VERIUM (VRM). It's one of the two chains of VERICOIN blockchain, VERICOIN and VERIUM together have the solution to enhnance speed of transactions and security by enabling a dual blockchain system (called Binary-Chain). They leverage complementary protocol technologies (PoST - Proof of stake Time) and PoWT (Proof of work Time) into a cutting edge blockchain ecosystem. Soon VERIUM is launching new features as said in its roadmap (check http://www.vericoin.info) and it seems it's rocking (well, other alts are doing so, but I honestly think the foundamentals are solid in this case). Let's have a look at the chart.
Since Bitcoin Cash was born (Aug 1st) VRM has done a nice wave which took it up to 159k with high volume. Some holders have taken benefits at this point and it has corrected precisely to the 50% fibo since the start of the climb. It has respected all the 0,236 and 0,382 fibo levels. Now it's trying to get over its previous top, bouncing back from the lower Bollinger Band, now the 20 MVA is the main resistance as seen in the chart. If price gets over 125k it will try to reach 159k again, and later its 1,618 fibo level at 236k (this means 6,5 usd). Beyond that, there is a short time target of 10 usd per coin. While it keeps the trend line (normal and accelerated one) this will become real shortly.
It's worth it to hold this coin, IMHO.
