This alt setup looks ridiculously good.
Coin:
Loopring (LRC/BTC)
Thesis:
Alts are popping left and right.
This one is lagging behind, but it'll pump soon enough. And there is no resistance anywhere in sight.
Why:
Unlike a lot of other coins, Loopring didn't make historic lows in the bear market.
It's been in a trading range for quite a while. Volume has been increasing. This coin is clearly being accumulated.
There was a fakeout to shake the last weak hands out, but it shot right back into the range on high volume.
It's only a matter of time before it really starts moving.
The reason this alt is so appealing is because the first resistance is a 100% away. That is the minimum pump I expect.
Summary:
Bullish.
First target: 0.00003600
Might go beyond that if we get a proper alt season.
Loopring (LRC/BTC)
Thesis:
Alts are popping left and right.
This one is lagging behind, but it'll pump soon enough. And there is no resistance anywhere in sight.
Why:
Unlike a lot of other coins, Loopring didn't make historic lows in the bear market.
It's been in a trading range for quite a while. Volume has been increasing. This coin is clearly being accumulated.
There was a fakeout to shake the last weak hands out, but it shot right back into the range on high volume.
It's only a matter of time before it really starts moving.
The reason this alt is so appealing is because the first resistance is a 100% away. That is the minimum pump I expect.
Summary:
Bullish.
First target: 0.00003600
Might go beyond that if we get a proper alt season.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.