SUMMARY
This coin is quite unique! First, both the LBC/USD and LBC/BTC have very similar charts. Second, the LBC/USD is leading the price direction and so can easily be used as a leading indicator for LBC/BTC. Third, the double Cup & Handle formation is quite bullish. It's a twofer! Double the bullish indication and such patterns add confidence to the probability call. Remember that Technical Analysis is nothing more than identifying as many possibilities, narrowing it down to a handful of probabilities and selecting the primary future price pathway. Simple...but not easy. I've toiled, experimented, failed and learned many lessons since 1997. After five years, I thought I was good; after 10 years, I thought I was great...alas, I've learned that even after 20+ years of experience, I'm yet only still improving.
The below chart displays the double Cup & Handle pattern and from a short term perspective, $1.47 is expected to be hit as part of wave 1. Bear in mind that bull sentiment knows no boundaries and this could easily be plowed through. The $2.78 should also be hit as part of wave 3 which most often goes up most violently! Then, wave 5 is expected to generate $3.58. These values are all interrelated via native, indigenous Fibonacci values, a method I've developed and used by none else. My Top Secret Sauce!
The below chart is that of LBC/BTC. Look how it lags the LBC/USD pair! It's a beaut! The second Cup & Handle is still half formed but by using the LBC/USD pair as a guide, we can expect LBC/BTC to follow in pursuit! The very short term target still remains 0.000408 BTC.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**