Short

Trade recommendation: VIBE/BTC

Updated

Plenty of potential cup and handles showing on crypto market. Particularly VIBE appears to show a cup and handle formation. This combined with positive indicators on the RSI and MACD on the 1hr chart shows a bullish sign for new highs in the 24hr period.

Note

correction, sorry this is over the day to week period.

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Handle has had a breakout to the upside

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unfortunately the top resistance level, horizontal line across the cup has not been reached as yet, reflective of the FUD in the current BTC market.

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A bull flag appears to be forming after the breakout of the handle before potentially moving upwards to break the cup horizon resistance.

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notice the volumes on the pull back of the bull flag are very low.

bhratbd

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