VIBE/BTC potential increase in short-term

There are a few factors that make me feel optimistic towards a possible rise in the price of VIBE in the short-term. We are moving in a bearish descending channel, but here are some reasons why I think we might have a bullish wave in the next few days:

-The price has moved around the major long-term support area. Without any recent spikes in the volume of sells, I doubt that a strong enough sell off could break this support is going to happen.

- There is bullish divergence in the CMF indicator. The buying pressure has increased while the prices during the period has decreased. Also, the CMF is really close to turning to a positive value, which would put VIBE in a bullish situation.

- The bollinger bands have been narrowing lately, the volume has also decreased significantly. I have a feeling that we might see a volume spike soon.


We can set the following trade for short-term:

Buy below 0.00005000

Target 1 @ 0.00006150

Target 2 @ 0.00007400

Stop @ 0.000038000


Good luck!

Follow us on telegram:
t.me/cryptowhaletrading