If loopring validates breakout from its weekly wedge trgt= .55
Updated
Here on the weekly we can see price action has overcome the weekly 200ma(in blue) and is about to test the resistance of the weekly 50ma (in orange) it will need to overcome the 50ma to reach the full breakout target, so I’ll be keeping a close eye on how it interacts with the moving average. Most importantly is that it closes the weekly above the wedge as well as the follow up weekly candle. *not financial advice*
Note
Loopring climbing up the dotted white line. Once it is securely above the 50ma and has flipped it to solid support its climb up the white line should accelerate.
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