$Vibe has made Impulsive Move | Bullish Flag Needed for another Impulsive move

in #bitcoin7 years ago

CryptoKraze Technical Analysis



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$Vibe for Short trade. I am using tradingview charts and price linked to Binance exchange. Let's have a look on technical aspects of $Vibe. Hey folks, @cryptokraze here and I am going to cover technical analysis of



Possibility on 30 Minutes Chart

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If you look at 30 minutes chart, you will see $Vibe has made an impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.

  • I would have a buy entry at 0.00004650 with my profit target around 0.00005300 or above.
  • Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.


Have a look on my other Posts

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Averaging Technique in Crypto Trading



Disclaimer
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.



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Nice Information, thanks !
Make sure to check out my airdrops posts too!

thanx for sharing the valuable information with the whole steemit family. yeah I do believe with your words.

Great analysis here @crytokraze ... I will have to check out and maybe make a buy of vibe on binance ... And it is cool I learnt some new cry to tricks here today as well I hope this will guide me well in judging my buys later ....

thanks for this update. i shall join the discord channel to learn more

I think the crypto would be very popular instant payment for the future, by seigh the influenced this time, its all over effect all around marketplace on the nets. Hopeful its getting more better in the future. By the way, this analysis on the crypto world was very useful @cryptokraze

Great info, i cant believe my luck for following you, great post

Nice update..very detailed!