Technical analysis VIBE. VIBE-BTC May 23, 2018

May 23, 2018

We have a potential to go down, on the 1h timeframe MACD and Stoch RSI keeps going down showing further price drop, however, the 4h timeframe shows oversold condition and small, but bullish signs: RSI is in oversold area, Stoch RSI is also too oversold. ADX is now going into the range of strong market amplitude. The bounce from the current levels can be done, but the price can test 2000-2150 levels before the impulse for the further growth appears. The closest resistance level after the bounce is 2300 level, in case we break it, the price will go to 2300-2400 zone and can consolidate there for a while. After breaking 2400, we can test the 2540 zone.

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