LRC, LOOPRING, HOW MANY LOOPRINGS DO YOU THINK SONIC COULD EAT?
Updated
Something is going on with this coin on the technical side.
There is literally no downside target that I can see right now, so I just labeled in MASSIVE SUPPORT TREND.
It looks like it is really close to making a move to the upside.
Somewhere around .8
Then it will likely hit some resistance there, but has a lot of potential to keep building support and climbing.
This coin looks incredibly bullish right now.
Things can change fast and if they do it will likely be a break of this trend (green).
The run up can take it to .45 and maybe a little higher, but the buy the dip price looks to be around .245. which would then take price higher to over 1 and beyond.
I'm gonna go with 3684 looprings for sonic.
What even is a loopring?
I'll attach more crypto TA to this idea.
oh and don't follow the guideline, pay more attention to the trends and price zones.
There is literally no downside target that I can see right now, so I just labeled in MASSIVE SUPPORT TREND.
It looks like it is really close to making a move to the upside.
Somewhere around .8
Then it will likely hit some resistance there, but has a lot of potential to keep building support and climbing.
This coin looks incredibly bullish right now.
Things can change fast and if they do it will likely be a break of this trend (green).
The run up can take it to .45 and maybe a little higher, but the buy the dip price looks to be around .245. which would then take price higher to over 1 and beyond.
I'm gonna go with 3684 looprings for sonic.
What even is a loopring?
I'll attach more crypto TA to this idea.
oh and don't follow the guideline, pay more attention to the trends and price zones.
Comment
totally forgot about this chart. Does anyone need an update? I'm only going to post one if there are still people actively following and needing a chart for thisComment
Thanks for the comments! Will definitely get another chart put up as soon as possible.Comment
new chart! Wish I had a better idea of where this is heading, and I do, but I'm not confident in my answer until I see more data on the charts, which could take up to a few weeks, which is why I don't want to give a really detailed projection. I think there is still upside to see, but how much downside do we see before the upside? Can the upside break up and over and keep going? Lots to consider here.
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Chart is also linked in related ideasComment
pattern is definitely parabolic in the making. A lot of alt coins are. Find one with a low market cap and high potential and you'll be rich.Comment
A drop to .26 (Maybe a buy target of .2707) and holding would take the price up to potentially as a high as 1.02One thing is for sure, it's close.
Low side is still as low as .1999ish
So do be careful. However, when I get an overall look at the chart, I have a hard time believing anyone buying under .29 would see paper losses for too long of a period of time.
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okay, that's better, it's following my chart fairly well and I think I have this one decently tracked to where I'm somewhat comfortable saying that you want to buy into this fear. I'm not sure if it is done dropping yet, .1999 is a low side target and so are .14 and .09, possible but for right now, unlikely before some kind of bounce, but again, very possible.I think this is a nice retracement for the alt coins which is going to spring them up another 100%. Doge, shib LRC, ETH, FIL and more all fell right to projections, and the speed of the move will make the upside move a big, steep movement should it occur.
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I like the looks of .2112 but whatever drop is showing, should it occur, it should be steep, quick and provide a quick return back to current prices.
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High target I see currently is 2.09 at the max!
Here is the bigger picture of the pattern this coin follows.
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thats probably the buy zoneComment
This is the dip you want if it holds this mark. It can dip slightly under into .9 but we'd expect to see the spring to take us right to 1.6Comment
Good luck, no reason to completely bail on this coin, it has projected fairly well to this point.
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