VIBBTC Position looks good for recovery and nice profitAbout the project:
Viberate is a music network that collects and analyzes information about musicians, venues, events and other music industry stakeholders. The platform uses big data analysis to calculate taste and define true popularity. This information is then used in a set of apps that help users discover new music and events and also offers professionals an efficient tool to engage in business and accept data-driven decisions.
Technical analysis:
At the 1-hour timeframe VIB is looking good for recovery in upcoming days. MACD levels are bullish. EMA and SMA (10, 20 ,30 50, 100) are in buy state. We expect a high volatility of price movement in upcoming days due to wide DMI spread. Trade volume grows confidently, while the price successfully penetrated Fib 0.618 touching Fib 1 afterwards. After correction price is above EMA 50 and 100 and touches EMA 200. It can be seen that in upcoming hours there should be a breakout through major resistance as the price comes to the end of the triangle
Free Signal:
VIB/BTC
Exchange: Binance
Duration: Mid term
Risk level: Medium
Buy zone: 0.00000720-780
Sell targets:
0.00000840
0.00000910
0.00000973
0.00001141
Stop loss:
0.00000693
