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Loopring Hits EMA300, Likely To Go Higher
Loopring / Bitcoin
Long
Loopring Hits EMA300, Likely To Go Higher
By AlanSantana
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Updated
Jun 4, 2020
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Jun 2, 2020
Here Loopring (LRCBTC) is facing resistance at EMA300 (the grey line at 0.00000564)... This is a "decision point".
If this level can be conquered, prices can jump straight up (green arrow).
But, if instead EMA300 is too strong, prices will retrace (red arrow) before jumping up (blue).
Overall, this is a strongly bullish scenario if you take into consideration the MACD, RSI, and the altcoins market as a whole.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Jun 4, 2020
Comment
Up to +32% so far...
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