larse
Long

LBCBTC - Up up and beyond!

POLONIEX:LBCBTC   LBRY Credits / Bitcoin
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
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