VIB RE"VIBERATING" AGAINST ALL ODDS
VIB, a crypto token you may not have heard of yet, but one that's causing quite the ruckus as being one of the few token to survive yesterday's Red October in the crypto space.
That's right, it spiked to over 250% as though it wasn't even aware that bitcoin plummeted to half it's value for a bit.
A quick summary of the coin is this: They are blockchain technology, focusing on the music industry. From being a music distributor, to coordinating venue/performer scheduling, to selling tickets.
Truly a large umbrella, in a rather huge marketspace.
Here's my take on where we are in the lifecycle of this coin:
We are currently starting to complete the second wave of this 5 wave impluse.
How can I tell? Notice the retraction to .5 from the peak of wave 1.
I see a couple possibilities here, but both lead to a huge jump in the course of the next week.
EIther we'll see a bullish channel start to form, which would be beautiful, as it'll form a nice cup and handle pattern, OR we're simply going to jump right into an extended wave 3 run.
If you're feeling cautios, I would wait to see if VIB drop another couple hundred Satoshis (to maybe around 3100), but don't be surprised when it starts sky rocketing past 6500-7500 satoshi.
Always remember: Your money, your choice.
I'd also like to thank @haejin for his wonderful content and teaching me so much. This post is in every way inferior to his content, but we all start somewhere.
Have a wonderful day!