Vibe Pushing for a Bullish Reversal.
Good Day Chaps!
Certainly an exciting time to be trading Vibe right now. Things are starting to look up after taking such a heavy dive over the past 10 days.
I usually pay more attention to the 4 hour, but after switching to the daily, something immediately jumped out at me...
I'm sure you see it too right; a big fat Bullish Engulfing Dildo following that Doji.
Assuming we close above the 0.786 Fib today, things should start moving up fairly steadily. (This isn't a technical indicator as far as I'm aware, just a tangible target to feel confident about).
The volume is low and I do plan to research if there is any relevance (I don't think it means a lot in the current context).
We've broken above the recent downtrend (especially on the 4 hour).
The RSI has bounced nicely, as has the bottom Fib.
On the other side of the fence, BTC is painting a scary looking Bear Flag... could be something to pay attention to before getting too horny for Alts.
That's all for now. Cheers!
---
In the words of Carter Thomas "None of this is professional advice, just a random dude on the internet giving his opinion" :D
Certainly an exciting time to be trading Vibe right now. Things are starting to look up after taking such a heavy dive over the past 10 days.
I usually pay more attention to the 4 hour, but after switching to the daily, something immediately jumped out at me...
I'm sure you see it too right; a big fat Bullish Engulfing Dildo following that Doji.
Assuming we close above the 0.786 Fib today, things should start moving up fairly steadily. (This isn't a technical indicator as far as I'm aware, just a tangible target to feel confident about).
The volume is low and I do plan to research if there is any relevance (I don't think it means a lot in the current context).
We've broken above the recent downtrend (especially on the 4 hour).
The RSI has bounced nicely, as has the bottom Fib.
On the other side of the fence, BTC is painting a scary looking Bear Flag... could be something to pay attention to before getting too horny for Alts.
That's all for now. Cheers!
---
In the words of Carter Thomas "None of this is professional advice, just a random dude on the internet giving his opinion" :D
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