LBA appears destined for the crypto graveyard

OKEX:LBAUSDT   Cred / Tether
With the decline LBA has experienced, it can be counted as having experienced a large scale impulse down. Don't say you weren't warned.

This coupled with the news of Mycred.io's bankruptcy leads me to believe the coin is destined to appear here: https://deadcoins.com/
The only question is the path it takes to get there.

The current yellow v could just extend towards zero and that would be the end of it.
Otherwise, we could get a more protracted bounce in the white 4 before seeing a white wave 5 which could also just extend to zero.
Lastly, if LBA were to manage to make it to the target of white wave 5, and hold somewhere around there, a bounce after above 0.007 would lead me to think a larger correction in the white abc is playing out which could be a very large bounce once again testing LBA's lifetime down trend-line.

Ultimately though all these paths go to zero. Own this if you want to make a donation to bag holders! However you'd also be foolish to try shorting (whatever way you'd do it) at these levels considering how oversold it is and the potential for large bounces.

Pretty clear now why Uphold ended their relationship with mycred. io .


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