LBC - In Buying Zone | Trend Analysis

Hello folks,

I have done an analysis on LBC as I think it is one of the unique projects in crypto space.

https://coinmarketcap.com/currencies/library-credit/

https://www.tradingview.com/chart/LBCBTC/8DZ0yBBy-LBC-In-Buying-Zone-Trading-Idea/

Right now LBC is on a critical support level.

This trendline continues from March 2017.

LBC is in a good buy zone now but should be done with SL .

Moon Phases suggesting a good buying opportunity here.

If this breaks.

I expect a bounce on 0.78 - 0.88 fib levels which will be very good buying zones.

Possible Resistance Levels

1st TP = 0.0002

2nd TP = 0.0003

3rd TP = 0.0004

4th TP = New High for 2017 [Depends strongly on fundamentals and LBC developments.]

Possible Support levels

1 st Support = Upward Trendline [Critical Support]

2nd Support = Gann 8/1 line

3rd Support = 0.768 Fib 

4th Support = 0.883 Fib

Bullish Signals = Buy

1. Trendline support intact

2. Moon phases

3. Stoch is in oversold

Bearish Signals = Trade with caution

1. Stoch is bearish

2. Resistance at 4/1 and 3/1 Gann lines

3. Unable to break Ichimoku cloud.

If you like my charts follow me on steemit.com/@sniperz

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