LBA
Cred Inverted Hammer | Over 500% Profits PotentialCred (LBABTC) bottomed out and is starting to wake up.
I have just a few simple signals for you on this one... Let's start by mentioning that this is the long-term chart on the weekly timeframe.
Cred (LBABTC) Bullish Signals
Inverted hammer.
Massive volume (multiple higher than average)
Break above EMA10.
MACD bullish crossover.
RSI trending up.
Plain and simple... The long-term targets can be seen on the chart.
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CRED IT IS I've basically read everything there is to know about CRED and I honestly believe that its going to be on the top 20 by 2020. No offense to other lending blockchains but CRED seems to be the only one to back it up with their transparent website. lets not forget that CRED is almost 2 years old so I'm impressed with everything CRED has to offer. Will be listed on BINANCE DEX next June and also with their upcoming cannabis and blockchain events with local politicians in California seems very interesting.
LBA/BTC (Creds)|Breakout..!!LBA/BTC (Creds)
- Falling Wedge Breakout & Retest Done in Daily Chart..
- Major Indicators Are Turning Bullish & Volume is Increasing As well..
- Grab Some & Hold it For Midterm..(Expecting Huge Gain in Coming Days)
What is LBA(Creds) ??
A decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain.
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The information given is never financial advice. Always do your own research.
LBA (Cred) 100-150% Profit Potential..!!LBA (Cred) (Update)
- Looks Interesting In Daily TF.
- Bottomed Out & Indicators Turning Bullish.
- If Missed it Last Time So Grab It Now.
- 100-150% Profit Potential In Midterm.
What Is Cred(LBA) ??
Cred is a decentralized global lending platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred has secured over $300 million of lending capital with offices in San Francisco and Shanghai. Cred’s mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products. Cred brings together a diverse team of entrepreneurial leaders, machine learning, and the power of blockchain technology.
Cred (LBA) Is Doing Great Numbers, But Can Start FallingCred (LBABTC) has been doing great numbers on Bittrex, the chart is pretty impressive, but it might be reaching a top.
Feel free to hit like now so that we can get started, if you want to, and let's take a look at these signals together...
Cred (LBABTC) Chart Analysis
LBABTC hit peak price (all-time high) on the 10th April, on a big green candle and high volume bar. It has continued to grow steadily but without being able to challenge again this peak.
The MACD peaked on the 14th April, marking bearish divergence compared to LBABTC's price. The MACD moves higher while prices are moving lower.
Trading volume has been decreasing on the last green candles, momentum is leaving the side of the bulls.
The MACD histogram is moving in favor of the bears.
The RSI is really strong and the price remains trading above EMA10.
So overall we have a very bullish chart which is starting to show early bearish signals. So there are big chances of LBABTC starting to retrace.
If LBABTC remains above EMA10 (green line), it maintains its bullish potential, but if instead LBABTC breaks and closes below EMA10, with good strength and volume, you can expect a strong retrace to happen that can push the price down to EMA50 at the least or lower.
This analysis is shared exclusively for my Trading View readers, followers, and amazing supporters and is intended for learning and entertainment purposes.
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This is Alan Masters.
Namaste.
