Lbry Credit Analysis 05 June 2020

in #lbry2 months ago

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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]

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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.

Captura de pantalla 2020-06-05 a las 7.00.37 p.m..png

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.

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@theguruasia earned : 11.7332145 TRDO curation


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