RiversAndMountains

VIBE - A Binance Sleeper

BINANCE:VIBEBTC   VIBE/BTC
(Trade this coin on Binance, in my signature.)

I know nothing of the fundamentals on this coin. This call is based entirely on price action and market cap.

Released on Binance on the 10th this coin peaked at its first "reasonable" peak at 27.7k Sats             . Since, it has fallen to where it is now around 7,200 Sats             .

https://i.imgur.com/JHUvNno.png

At VIBE's current price, it's worth about $1.05 with a $189MM market cap, which places it behind many coins that have already been through action.

If it were to reach a 1.8B market cap it would be among coins like STEEM, DOGE, DCN, and a variety of other coins that are, in my opinion, rather speculative.

This coin is trading at a relative bottom and I expect, if nothing else, a retrace from its current area to the 0.618 Fib retracement at 14.7k Sats             .

Real movement here over the next 60 days is most definitely viable. On basic investigation VIBE has a great looking webpage and promises a bunch of stuff in a sector a bunch of people care about: virtual reality.

https://vibehub.io/

On Binance charts, and this coin is only otherwise listed on HitBTC, it's very oversold and OBV is showing that selling volume is tapering greatly on the hourly.

I feel like this is a spot where you can load a bag at a relative bottom and wait for the Binance fun to start for real.

Even on a retrace to the 0.618 we get a RR of 4-6 depending on where you put your stop.

==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party

https://dafoh.org/petition-to-the-united-nations
Comment: This turned out pretty well over night. Easy and meaningful gains.

snapshot


Right now if price action can consolidate healthily at the 10-11k Sats range then I think Vibe will continue a run to 145-200k
Comment: 14.5k-20k*
Comment: This has slid far farther down than I would have liked to see. However, price action itself is holding/double bottoming, selling OBV is tapering, and RSI is considerably higher than it was on the previous dumps to this area.

That being said, this is a new coin so the chart has less data and data from a shorter term perspective, so it's more noisy.

But that being said I do forsee this coin taking at least one more run as it's new on the scene. I would imagine its whales would like to unload more in the $2-4 range than the $1 and under range.
Comment:
snapshot
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dipped to 7000-8000 looks like it just broke out on 1hr and 2 hr though. same targets? or abandon ship?
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Great call, thanks.
Reply
I saw this trade aswell...
Didn’t look at your analysis
Easy 60%
Reply
Analysis is actual???
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Good call on that one !!!
+1 Reply
Great analysis, thanks!
+1 Reply
Thanks for this TA!
+1 Reply
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