Descending scallop, a bullish reversal pattern! I have found to have a high success rate in crypto markets. Best to go long with this one.. I have linked my other idea which shows an 'absurd' Gaussian channel, huge potential in the long term.
I just bought this alt coin, in the belief that this tightening gaussian channel trend will reverse back to a bullish wave that has been seen when the coin initially released, huge potential.
LBRY has printed a dragonfly doji on the weekly chart, this coin will continue to climb. Both LEND and LBRY so far observed have printed these doji patterns.
This is an analysis of the strong long term channel.
Legend
The Green color means where the price should be not over sold or overbought.
The Red color means when the price is overbought.
The space bellow the Green channel is the current oversold status.
Bellow there is a link to similar idea from -cryptonetti-
He inspired me to do this.
It is my...
LBC/BTC has dropped to historic lows.
Keep in mind, this is a real company with a real development team creating real software. One of the few shitcoins with an actual team behind them.
When altcoin season begins, pumps will be in low cap coins, just like LBC. LBC has a lot of room to move, as well. The resistance zones are way above the current price.
Get...
LBC Ascending triangle, look for break of upper limit. Upper limit coincides with 0.786 fib level. Once broken, we're looking at each fib for targets
Target 1: 1100 sat
Target 2: 1250 sat
Target 3: 1450 sat
Target 4: 1700 sat
$LBC is in accumulation phase. It's one of those alts with low capitalization, liquidity and huge PPT.
PPT can be even higher 5392% is quite conservative based on the chart.
Team is quite active in Twitter and GitHub and community as well.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Looking at LBCBTC 1D
Sitting at the bottom of the range
Also sitting on the POC
2 very nice notched in VPVR that needs filling
Very healthy OBV with positive flow
Willy not yet stupidly over sold
Would like to see some divergence in histogram
Broken out of downward trend
Target is the 382 fib which is former resistance
* Don't forget to hit that like button and...
#LBC
At the moment, there is a minimum price range for this market, as you can see, the absolute minimum has recently been reached. In the long term, a rise in MACD is seen, at a time when the price was falling. Such a divergence gives the market a good chance to make a rebound and step significantly higher. The RSI periodically was in the oversold zone, but now...
