Loopring High Volume Inverted Hammer (Weekly & Daily)
Updated
Loopring (LRCBTC) just printed a high volume inverted hammer which is visible on the daily and weekly time frames.
Daily:
Weekly (needs weekly candle close for confirmation):
Here is the long-term chart with long-term targets:
These signals indicate that LRCBTC can start moving up from this point forward...
So keep an eye out on this one.
Feel free to follow, comment or hit like to show your support.
Thanks a lot for reading.
Namaste.
Daily:
Weekly (needs weekly candle close for confirmation):
Here is the long-term chart with long-term targets:
- We can also notice the RSI oversold.
- Bullish divergence on the MACD.
These signals indicate that LRCBTC can start moving up from this point forward...
So keep an eye out on this one.
Feel free to follow, comment or hit like to show your support.
Thanks a lot for reading.
Namaste.
Note
Consolidation.Low bear volume on the drop.
After consolidation, higher low and move up.
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