SUMMARY
VIBE (VIBE/USD) has been in a correction phase since early February and for most of March so far, price has be going sideways, going almost nowhere. This is how an Altcoin that has not enought liquidity moves and corrects. This is the exact type of slowness an Altcoin carves out because without liquidity (widely held, many exchanges, high volume, etc); corrections just can't be accelerated.
The below chart shows a work in progress for a WXYXZ triple combination. When price goes sideways, it's almost always a double three or a triple. IF NONE of these terminology makes sense, please or if you're completely new to Technical Analysis, please consider reviewing the tutorial videos found at the end of this blog. Once the Z wave of the WXYXZ completes, it could signal the final bottom of the very long and boring correction.
In cutting deeper into the chart at shorter time lengths, the subwaves can be discerned and labeled. Focusing on only the terminal end, the blue Z wave consists of white abc and the final c wave is subdivided by five blue miniscule waves. Bottom line: Terminal end of correction is likely at hand. When is the best time to cast a buy ladder? Terminal end of corrections.
Here is even finer closeup. Why? Subwaves provide the "geo" positioning of current wave progression. The purple waves draw out the trajectory of a proposed final subwaves of blue 5 of white c of Z. The potential target for the bottom could be $0.30.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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VIBE makes me think of the book "ready player one." holding! the film is coming out soon. heading UP! thanks haejin!!!
Which is exactly why I asked haejin for this analysis. I thought he will include a bit the purpose and its influence on the future price of this coin. But I am satisfied. I will consider the investment.
Interesting
Too scary to play this one.
very good info, thank you for the work. I am curently holding VIBE and i didn
t know what to do, if to sell or to hodl. could you predict it to go to its all time high in the next month? thxHere have many hate againd you.People dont love you .people love @ranchorelaxo without @ranchorelaxo and @baejin make between $30 to $60 from your followers
@ranchorelaxo adds you around $200+
you make 10 post a day, each with rewards of $250+ or around $250. thats $3000+ a day
and you do this everyday, that is $30.000 a week
you go over 100k a month, over $1.2M a year
i hope that you and your team feel well rewa
Quantum Mechanics is too difficult for my old brain. But I'll try. It's rather 'spooky' how it works ain't it?
hopefully become our benchmark in investing. keep the spirit ,,, hope we will achieve glorious glory. thank you for sharing this very useful content.
I am not willing here You get 273 (When I am writing) upvotes in this post and earnef $ 238 SBD But $ 230 SBD comes from @RanchoreLax0 I saw you just voting for you. It's like self vote. Without rancho you earned only $ 8 SBD....
That's a very useful information from you... Thanks so much
K
This is awesome! Can you do IOTA?
thanks @haejin, very interesting contribution, I love reading your publication, greetings.
Always coming up with interesting market analysis. Great one @haejin
I am actually an early investor of Vibe because I believe in their vision. As for the coin, I'm not sure if I'll ever get a profit out of them soon....
thanks big boss
Congratulations @haejin, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 39 and the total pending payments to posts in these categories was $4051.77. To see the full list of highest paid posts across all accounts categories, click here.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 230.67 SBD, based on the pending payout at the time the data was extracted.
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Price has really been fluctuating, but we decide to keep a positive mindset....... It will get better......
Thanks for the info, Steem on.......
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