OKEX:LBAUSDT   Cred / Tether
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.
Comment: Next few days (hours even) will be very key for LBAUSDT . If it is unable to hold back over the blue trend-line and stay above it soon, it opens the door to a much lower value for this pair.
The MACD remains somewhat bullish , but that is starting to curve back down. Again, price action over the next few days/hours will be key for this pair's longer-term trend.

Comments

Nice chart, appreciate it
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