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Viberate (VIB) Trade Analysis by Alan Masters
We are looking at VIBBTC for a long term trade. Let’s start with the weekly chart:
We have many altcoins creating new lows and breaking support on November but this isn’t the case for VIBBTC.
VIBBTC held its price creating a higher low in late Nov.
The weekly candle when this higher low was created is also a inverted hammer. This is a bullish signal when it comes at the bottom of a downtrend.
On top of the inverted hammer showing up at the bottom of the trend, there is also a huge volume bar, the biggest volume ever for VIBBTC on Binance, higher than January’s bull run volume.
With increasing volume and a clear uptrend, these signals are strong enough for us to trade… Let’s get started.
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