Vertcoin 4hr Morning Star

Updated
Vertcoin in downtrend; however, this morning star pattern just showed up.

Potential reversal!

Bought a position at 53450.

Looking to sell at 56k and stop loss is 52k.

DISCLAIMER:
I'm relatively new at TA and I appreciate any and all feedback/comments/criticisms! Hope my insight helps someone out there :)
Note
Good news, there's some decent follow through and price is moving up!
Note
Took small loss and bought back in at 56650 because I saw a double-bottom on 30min time-frame.

Even if it goes down short-term this is a REALLY good long trade.
Chart PatternsTrend Analysis

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