VIBBTC Position looks good for recovery and nice profit

About the project:
Viberate is a music network that collects and analyzes information about musicians, venues, events and other music industry stakeholders. The platform uses big data analysis to calculate taste and define true popularity. This information is then used in a set of apps that help users discover new music and events and also offers professionals an efficient tool to engage in business and accept data-driven decisions.


Technical analysis:
At the 1-hour timeframe VIB is looking good for recovery in upcoming days. MACD levels are bullish. EMA and SMA (10, 20 ,30 50, 100) are in buy state. We expect a high volatility of price movement in upcoming days due to wide DMI spread. Trade volume grows confidently, while the price successfully penetrated Fib 0.618 touching Fib 1 afterwards. After correction price is above EMA 50 and 100 and touches EMA 200. It can be seen that in upcoming hours there should be a breakout through major resistance as the price comes to the end of the triangle

Free Signal:
VIB/BTC
Exchange: Binance
Duration: Mid term
Risk level: Medium

Buy zone: 0.00000720-780
Sell targets:
0.00000840
0.00000910
0.00000973
0.00001141

Stop loss:
0.00000693

Trade active:

The lowest point of our buy zone was reached and from 0.00000722 level the coin went up to 0.00000865. Our 1st target was hit today. The price consolidated at the upper edge of the buy zone and starts to gain momentum for another run

Current profit: 16.6%
Duration: 16 hours

Comment:

Price action accurately follows our swing trade strategy. 1st target was hit this morning then the price consolidated in the middle of buy zone around 0.00000740 and now it reached 0.00000884. Congratualations with additional 14.1% take profit. Overall coin is still bullish and we expect it will hit the 2nd target in the following days

Total current profit: 30.7%
Duration: 1 day

Trade active:

Tripple top of 0.00000880 level signs that a resistance is too strong, hence it is more likely that price won’t break through it.

We’ve made nice and quick profit with this signal. It is recommended to set a stop loss to the breakeven point of 0.00000780. Currently the price is 0.00000805

Trade closed: target reached:

The signal is closed and the rest amount of coins were sold at the breakeven point 0.00000780.

The next trade session will start tomorrow with a nice pack of signals in Premium channel. Stay tuned some signals wil lbe posted here

Total profit from the VIB signal is 30.7%