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RE: Lbry Credit Analysis 05 June 2020

in #lbry4 years ago

You're right Most of the time 61.8% fib support can hold, and there is a high probability that it will bounce from these levels.

But as I see it it still needs time for that, and we might see LBC trading in a very short range for a long time before we start being bullish.

At this moment, I can't see any strong indication that lead the price to be pushed higher. At the end we analyze the market and anything can happens.

Thanks,
Regards.