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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