VIBE #VIBEBTC - wedge breakout might give 150% gain!

24 thg 1, 2018

ELLIOTT WAVE ANALYSIS:

The bounce from 0.00007490 has the characteristics of an impulsive wave with a high 0.00012865. After this rally, the price falls in the ABC three-phase straight correction to the level of 61% Fibo at the level of 0.00008180. In addition, the price at the end of the downward wave draws a clear wedge, which is expected give an impulsive breakout.

Target levels for the impulsive breakout are 0.00012237 and in the case of extension level 0.00020225. Assuming such a scenario, with SL under 0.00000749, the risk-to-risk ratio is 5: 1, which is why it is a pretty decent trading setup.

Breaking the 0.000007490 level invalidates the impulsive upward scenario.

TREND and IMPORTANT LEVELS:

Main trend: DOWN

Intermediate trend: DOWN

Daily trend: DOWN (possibility of a breakout from the wedge after correction and reversing the trend)

KEY LEVELS:

- for further increases - level 0.00012865

- for continuing correction - level 0.00009098

- for continuation of decreases - 0.00008180


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4 thg 2, 2018

Ghi chú

After the complex and time-consuming correction in the wave (B), changed from the wave (2) due to the violated low, the VIBEBTC cryptocurrency begins to do something constructive in the end. Targets on chart.