VIB is quite bearish if it fails to get above this trend-line resistance.
It will only give an early signal that a bearish descending triangle is likely the best scenario.
Also, if we look at the big picture of the market structure, we can see a large potential bearish Head & Should pattern.
VIB is not in a good place right now. Be cautious trading Long positions.
Pirceline of Viberate (VIB) / Bitcoin is moving within a falling wedge and hitting the support after Aug 2018.
RSI is oversold.
MACD is turning bullish.
Stochastic has given bull cross.
Volume profile is showing weak interest of cryptocurrency trading below the support of wedge.
I have defined targets suing Fibonacci sequence.
Atif Akbar (moon333)
. VIBERATE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. There is a possibility of temporary retracement to suggested support zone (0.00000765 to 0.00000588). if so, traders can set orders based on...