It’s Christmas out there and everyone is asking scrooge for a handout. Don’t you see it? Sellers want out at any cost, bills have to be paid. For us, the 5%, that’s a Gift horse. Now whip on your jodhpur's and ride this 100x idea before the FOMO gang shows up. Another opportunity like this will not appear for 6-8 years.
On the above 6 day chart price action has plummeted a whopping 99% as holders finally decide to make the losses real. Is now the time to join them? Let me give you a few reasons why that might not be the best idea:
1. High positive divergence. Yes, once again oscillators print higher positive divergence with price action.
2. The bitcoin pair of this token prints a RSI breakout after 5 years of resistance.
3. The Bitcoin pair has an equally strong positive divergence.
4. The 1st resistance will not be much of a challenge at 500%, the 2nd however.. that’ll see strong profit taking.. there’s 6 years of resistance here. However it is worth remembering the resistance here will be from buyers today. After that there’s little else to stop a final blow off phase to $3 for the full 100x.
Is it possible price action continues to correct? Sure, sellers love locking in those losses.
Is it probable? No.
Ww
LRC.btc RSI resistance breakout after 5 years of resistance
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Disclaimer
This is not financial advice. It’s an observation, the kind you’re free to ignore while holding a token with no users, no revenue, and a supply schedule that looks like it was designed by a printer on fire.
If you buy it and it goes up, you’re a genius.
If you buy it and it goes down, it was “market manipulation.”
Do your own research. Or don’t. Just don’t confuse hope with a business model