Long
VIBE/BTC potential increase in short-term
There are a few factors that make me feel optimistic towards a possible rise in the price of VIBE in the short-term. We are moving in a bearish descending channel, but here are some reasons why I think we might have a bullish wave in the next few days:
-The price has moved around the major long-term support area. Without any recent spikes in the volume of sells, I doubt that a strong enough sell off could break this support is going to happen.
- There is bullish divergence in the CMF indicator. The buying pressure has increased while the prices during the period has decreased. Also, the CMF is really close to turning to a positive value, which would put VIBE in a bullish situation.
- The bollinger bands have been narrowing lately, the volume has also decreased significantly. I have a feeling that we might see a volume spike soon.
We can set the following trade for short-term:
Buy below 0.00005000
Target 1 @ 0.00006150
Target 2 @ 0.00007400
Stop @ 0.000038000
Good luck!
Follow us on telegram:
t.me/cryptowhaletrading
-The price has moved around the major long-term support area. Without any recent spikes in the volume of sells, I doubt that a strong enough sell off could break this support is going to happen.
- There is bullish divergence in the CMF indicator. The buying pressure has increased while the prices during the period has decreased. Also, the CMF is really close to turning to a positive value, which would put VIBE in a bullish situation.
- The bollinger bands have been narrowing lately, the volume has also decreased significantly. I have a feeling that we might see a volume spike soon.
We can set the following trade for short-term:
Buy below 0.00005000
Target 1 @ 0.00006150
Target 2 @ 0.00007400
Stop @ 0.000038000
Good luck!
Follow us on telegram:
t.me/cryptowhaletrading
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.
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.