LBRY Coin (LBC) Analysis Using Chart Patterns Shows Fractals

SUMMARY

Note: Video has more details than this summary.

Cup & Handle patterns are quite bullish because of their ability to sustain a legnthy bull trend. LBRY Coin (LBC) is completing the handle portion of the Fractal #2 as shown in the below chart. Thus far, a clear abc progression can be labeled and price has breached out of the upper white triangle line. Does this mean that price will impulse march upwards right away towards all time new highs? Well, let's temper that expectation and review the prior fractal.

Note how it took over a year for the first fractal to complete and nearly seven months for the second. I believe a third fractal is in the making. The purple bottom trend line should act as a guide to the level of the basin of the third cup. The upper purple line should serve as the topend targets to project. The key question is when the third fractal will complet and if prior two fractals are any guide, it'll likely be shorter than the second. That would provide an estimate of May to June. As Cup & Handles are quite bullish indicators...having a string of three consecutively is....quite impressive!

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