BINANCE:VIBEBTC is an interesting concept to me, someone that has a background in Computer Science and AR/VR applications. I'm not completely sold on the need for this product to be on the blockchain, but I do believe that their concept is the direction that we are heading in the long term. I'm looking at this coin as my next potential trade after the jump in price a couple of days ago. I figured there would be a retrace and decided not to dive on in, I'm glad I didn't invest right away. I'm seeing an established short-term horizontal channel spanning about 0.00004 - 0.00005. Depending on which direction we go will dictate a continuation of a downward trend or a reversal of BINANCE:VIBEBTC. I do see the price consolidating within the wedge drawn out, so I think it's time we see some movement here. If we see a break above the channel with significant volume, I'll post some fibonacci targets and explain my trading strategy. Just giving some heads up as I would prefer to buy in at a higher price of a confirmed breakout rather than jumping in and getting burned. If you're interested, feel free to follow along!
I'd like to hear your thoughts on BINANCE:VIBEBTC! Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
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We're slightly down and still within the sideways channel. I'm staying out of this trade until we can confirm a reversal here.
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Still within our channel. If anything, we're trending downwards. My worry is that the oversold indicator was actually above the value that we're currently at. This is an indicator of a downtrend. However, it looks like our descent from the recent spike is slowing, this could be a sign of a flattening market before a rebound.
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I'm staying out of this coin until I see some positive movement and volume. We're way in the middle of the RSI channel and still going down.
bought in at 5500. Don't think it's the best project out there but this coin is very bullish. It won't go below 4800 due to the massive support at it. I think in a couple of days, this coin will moon as it has in the past. They're also announcing some good news sometime this week which also helps. i will definitely be following your charts!
dsgorthy
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@tylerkipp23, Good point here, we are seeing buy walls as support and we're still within our channel.