Viberate 29 December 2017

Description

⋅ Dec 29, 2017 6:51 PM

VIB Interesting times ahead for this coin, TA wise. Volume isn't looking great, but RSI is stable in the middle and MACD is stable as well.

Scenario 1: bouncing on the support trendline and breaking out upwards, we'll face 3500-3700 then pretty soon (as this is the next resistance)

Scenario 2: small breakout and retest, with a jump afterwards to 3500.

Scenario 3: No volume and we'll drop down to the 2500 zone. In that case put your stop/loss in the blue boxed zone to rebuy back later.

Comments

CryptoMichNL

⋅ Dec 30, 2017 10:30 AM

So, it did go for Scenario 3, which is dropping out of the trend line and bouncing on the support line. That's why we use stop/losses. I've cut my losses, bought back on the support area (red box) and made a quick 10% now to be in a small profit again. Will keep this on the side for now, as I think it will go sideways or even retrace more, so not very interesting to trade right now.