NEW targets for VIBE
Hey guys, hope you are doing well! Here is my opinion on VIBE.
We are looking at daily vibe/eth chart.
We are currently struggling on the support zone from 4150-4500 gwei, if we break the orange trend line and red support line, we are approaching to the target 1, which is 4000 gwei. We need to monitor closely, if we see a break from that level we are looking at a fall towards bottom of the channel, our target 2. If we can't brake our target 1, we might see some sideways movement before dropping to target 2, or shooting up towards upper line of the channel. That was my opinion on bearish move.
If we see bulls entering the market, then our sell orders should be spread from 1. green line to the upper line of the channel.
Wish you all good trading, do your own research before make any calls.
We are looking at daily vibe/eth chart.
We are currently struggling on the support zone from 4150-4500 gwei, if we break the orange trend line and red support line, we are approaching to the target 1, which is 4000 gwei. We need to monitor closely, if we see a break from that level we are looking at a fall towards bottom of the channel, our target 2. If we can't brake our target 1, we might see some sideways movement before dropping to target 2, or shooting up towards upper line of the channel. That was my opinion on bearish move.
If we see bulls entering the market, then our sell orders should be spread from 1. green line to the upper line of the channel.
Wish you all good trading, do your own research before make any calls.
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