With the decline LBA has experienced, it can be counted as having experienced a large scale impulse down. Don't say you weren't warned .
This coupled with the news of Mycred.io's bankruptcy leads me to believe the coin is destined to appear here: deadcoins.com
The only question is the path it takes to get there.
The current yellow v could just extend towards...
With Bitcoin's continued rally, and failure to flush out bullish sentiment during its August detour, we are left with the potential for a very bearish pattern to near completion. The yellow box shows the region for an 'ideal' retracement area, with my preference being for the log scale fib 1.0 extension which equals the presumed a wave of the first half of 2019. ...
With the hard break-down LBAUSDT has experienced, there is no good short entry for this pair, but it is also definitely not bullish . Where it ends up bottoming is a question mark, but the long-term MACD and RSI indicate that selling is not exhausted at this point. Be very careful with this pair. A re-test of the blue trend-line should act as resistance and...
Overall this is a very ugly chart, with recent price action being some of its ugliest so far.
At the current date of publishing, price finds itself again below the green descending trend-line. Price may stay between this line and the blue ascending trend-line for the next couple of weeks.
However, the Daily MACD has made a bullish cross, which indicates that...
I am using 'Fibonacci Pinball' (a method developed by Avi Gilburt at elliottwavetrader) as a template for what is assumed to be an impulse wave off of the March lows.
Given the reaction to the 1.382 retracement level of the DAX, and the relatively minor sell-off we've seen, plus a seeming absence of a completed 4th wave in this structure, I am getting a bit...
