Paths for LBAUSDT to take.

Тема в разделе "English", создана пользователем Trading Ideas, 26 сен 2020.

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    Paths for LBAUSDT to take.
    Cred / Tether OKEX:LBAUSDT
    d9d8b0bfa93d45c7b55ec4b039ebb1
    ZhZAPZL0_mid.png
    Overall this is a very ugly chart, with recent price action being some of its ugliest so far.

    At the current date of publishing, price finds itself again below the green descending trend-line. Price may stay between this line and the blue ascending trend-line for the next couple of weeks.

    However, the Daily MACD has made a bullish cross, which indicates that the potential for a more immediate propulsion to the 0.0245-0.027 region exists.
    The weekly MACD / RSI are just in neutral territory though with no clear bias for direction.

    A sustained break over the green descending trend-line will lead to sideways action between the red descending trend-line and the blue ascending trend-line.
    For a long-term bullish case, LBA only becomes interesting if it can clear the three hurdles of the green, red, and purple resistances.

    For the short-term, it is still in an ok area for buying. Slightly below the blue ascending trend-line could be used as support for a stoploss.
    However, with the bubble that is Defi, if that pops, this could pop along with it by association even if mycred. io continues to function fine.
     
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