The priceline of Vibe / Bitcoin has formed a Cup and Handle and now consolidating at 0.00000222 sats.
We have also 100 simple moving average support below the price action.
I have used Fibonacci sequence to set the targets as below:
Sell between: 0.00000272 to 0.00000325
Regards,
Atif Akbar (moon333)
Buy Price: Green Zone
SL: Below Red Zone
Profit: Blue Zones
Invest Suggestion: 20 Percent
Profit Expectations: 5 - 75 Percent
All technicall indicators of VIBE are pretty good( i was just waiting EWO stable on the green).
If it breaks that 0.786 Fib Zone( and it have the strenght to do it), we will moon it( like TRX).
Besides, we have great news about it!...
VIBE chart shows huge resistance level at 5,000 area followed by sharp spikes. Previous bottoms (first two red circles) form a double bottom hitting the undervalued area of the coin. If price bounces off 5,000 area this will trigger a triple bottom and price should surge. Chart also shows an ABCD bullish chart pattern.
RSI stands at 40 which reads slightly...
Trend Analysis :
Cup and handle trend formation. According to the cup and handle trend rule, fib correction should fall in the range of 61%, which it does @10135 sats followed by uptrend movement.
Another fib correction at 15 - 20 % after the end of the cup and handle.
Assuming bullish trend of Elliot wave, I have laid out the targets.
Buy Entries for safe bet @...
