VIBE Will Bounce Off Tested Floor

Updated

VIBE was in a downtrend with a solid roof and just hit a low that was previously tested a total of 4 times. Because this floor has been tested multiple times, and it is an all-time-low price in the altcoin's trading history, I believe it will break through the upper trendline and begin a strong uptrend.

Note

I must add that the exact price prediction and timeframe are arbitrary except to highlight the first fibonacci retracement level.

Trade closed: stop reached

The market apparently disagreed with that hard floor. We will have to wait and see what happens after this dip and quick bounce.

bvivolo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.