Lbry Credit Analysis 05 June 2020
We have seen LBC is trading in a range between previous support and resistance. At 260 sat we are seeing resistance from before as it should be a strong level that could hold it and keep trading above. The general trend currently is bearish. Trading range from 260 sat to 429 sat.
Thank you for reading this post, help us by supporting it's highly appreciated. Have a good day and happy earning
Thank you for reading this post, help us by up-voting it's highly appreciated.
Have a good day and happy earning.
@ohamdache
------------------------------------------- DISCLAIMER ------------------------------------------
This is not a financial advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might have the wrong assumptions in some cases.
[Images Sources: Tradingview.com]
$trdo
Congratulations @theguruasia, you successfuly trended the post shared by @ohamdache!
@ohamdache will receive 17.59982175 TRDO & @theguruasia will get 11.73321450 TRDO curation in 3 Days from Post Created Date!
"Call TRDO, Your Comment Worth Something!"
To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site
Thankyou
I never really pay attention to the price. I just log in every day and grab the free lbry for watching a video. I figure someday I might get interested in the platform but it feels like that day is far off lol.
You need to keep accumulating, this eventually will worth more as the platform is expanding now and we have 30% of total users has registered only last month.
I had no idea that the price in relation to bitcoin had fallen so much.
But look in relation to lbr / usd it has just retreated to 0.618 fibonacci which is a good support, to start another bullish cycle.
If you think that since the last big correction you have gained 400%, it doesn't seem so much, right?
It is a good project I hope it continues with its bullish cycles
I leave you my link of my last bitcoin analysis
Good post you have my vote.
You're right Most of the time 61.8% fib support can hold, and there is a high probability that it will bounce from these levels.
But as I see it it still needs time for that, and we might see LBC trading in a very short range for a long time before we start being bullish.
At this moment, I can't see any strong indication that lead the price to be pushed higher. At the end we analyze the market and anything can happens.
Thanks,
Regards.
https://steemit.com/hive-101145/@faiz.rehman/how-can-get-free-btc
https://steemit.com/hive-101145/@faiz.rehman/how-can-get-free-btc
Congratulations @ohamdache, your post successfully recieved 17.59982175 TRDO from below listed TRENDO callers:
To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site