LoopringLong
LRC Range breakout ?
LRC has been in range for pretty much the whole year between 1$ area and 20ct.
Today it seems that prices are going for a break of this range, the MACD in Daily and Weekly are supporting for this plans.
I would wait here to confirm the breakout with closure of daily candle and then wait for a consolidation with prices finding support of the 1$ area.
To me, in my opinion it is too late for buying here as entries were well bellow current prices. But the setup looks good and have some great potential with 1st higher target at 2$. Aggressive traders could take a long here to play the momentum.
If not already in the market we'll need some patience before going long, for the ones already in, enjoy the ride and don't sell for now if you have mid to long term plans.
Today it seems that prices are going for a break of this range, the MACD in Daily and Weekly are supporting for this plans.
I would wait here to confirm the breakout with closure of daily candle and then wait for a consolidation with prices finding support of the 1$ area.
To me, in my opinion it is too late for buying here as entries were well bellow current prices. But the setup looks good and have some great potential with 1st higher target at 2$. Aggressive traders could take a long here to play the momentum.
If not already in the market we'll need some patience before going long, for the ones already in, enjoy the ride and don't sell for now if you have mid to long term plans.
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.