Hi guys!
Another practice-analysis from my side.
As you can see, LBRY Credits are in a nice upward move since around May 27th. The chart has since then formed a very nice Higher High/Higher Lows-Pattern and in my opinion is about to retrace back to the trendline to about 24000 Satoshi.
Once this sub-ordinate target it reach, I expect it to bounce back up to continue it's upward move and dash through the former high at around 30700 satoshi and moving further to a former high from back in 2016 at ~40600 by the end of June.
Please also keep an eye out for the MACD, where the signal line is to be crossed from below for further bullish confirmation.
I would really like to hear your opinion on this one :)
Thank you very much for your time and have a good day!
Kind regards,
Lars
Another practice-analysis from my side.
As you can see, LBRY Credits are in a nice upward move since around May 27th. The chart has since then formed a very nice Higher High/Higher Lows-Pattern and in my opinion is about to retrace back to the trendline to about 24000 Satoshi.
Once this sub-ordinate target it reach, I expect it to bounce back up to continue it's upward move and dash through the former high at around 30700 satoshi and moving further to a former high from back in 2016 at ~40600 by the end of June.
Please also keep an eye out for the MACD, where the signal line is to be crossed from below for further bullish confirmation.
I would really like to hear your opinion on this one :)
Thank you very much for your time and have a good day!
Kind regards,
Lars