Last monthly support level was around 900 satoshis. After it was lost #LBC has been trading pretty much in a downward direction and mostly not hitting a bottom.
There have been few weekly levels that have been formed and tested out as the moves tried to recover. Currently trading at 180 satoshis, it sits between 2 daily levels recently recorded at 170 satoshis and also at 241 satoshis.
I think that it just started accumulation phase to probably test the old monthly support level of 901 satoshis which if successfully tested will indicate a recovery. If the move fails to reach it it most likely hit the previous weekly level of 666 satoshis.
The likely weekly level to be tested sits around 300 satoshis and is a good target even for a short position.
There have been few weekly levels that have been formed and tested out as the moves tried to recover. Currently trading at 180 satoshis, it sits between 2 daily levels recently recorded at 170 satoshis and also at 241 satoshis.
I think that it just started accumulation phase to probably test the old monthly support level of 901 satoshis which if successfully tested will indicate a recovery. If the move fails to reach it it most likely hit the previous weekly level of 666 satoshis.
The likely weekly level to be tested sits around 300 satoshis and is a good target even for a short position.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.