Potential short term bullish trade

By UnknownUnicorn1432487

Updated

Potential short term bullish trade from lower 3000's to higher 3000's.

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Looks good for a bounce here, waiting for RSI to confirm breakout.

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Bullish divergence on 4h, waiting for RSI to breakout off the resistance line to confirm. Fibonacci support also near.

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We have a breakout on RSI. This might be it from the downtrend so some upside is expected... but we still have very low volume which is not good. Set your stop losses right under 3000.

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So far looking good but we had a strong resistance at around 4270-4430; 50 day EMA, fibonacci and TD trend line. After breaking 4500-4700 we should be ready to go but yet to see.

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Bounce from resistance as expected, exactly from the place where 50EMA, fibo and TD line meet.

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Looking good for now, we have a short term support line and two small ascending triangles that gave a push of around 25% in price. Not very likely to play out but we'll see.

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We haven't had a lot of resistance from 4700 to 6200, we need to break this 4700 as mentioned earlier and we might be ready to go. Still long on this trade.

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We had that short term bullish trade and it went ok earlier this year. MACD and RSI looking ok, currently in the supply zone. Expecting a price rise in LBC/BTC pair in the upcoming months.

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First resistance 3400, second resistance 4000, third resistance (and previous) 4700. After breaking that 4700 we should be ready to go, hasn't happen last time. Still bullish on this project, lots of things are being developed, project is going well.

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UnknownUnicorn1432487

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