LRC - Loopring Weekly support holding
Critical area here for loopring as we test the support low from summer 2021. Real clear correlation between here at .88, and that would be the expectation if we continue to hold this low.
We broke out of the initial supply line coming down, but the secondary one is also being respected as resistance for now, so that would be a sign of strength, should we break above it.
Daily momentum is turning up from oversold and continues rising above .184 and could exhaust as high as .59 cents.
Targets would start around 50 cents at the top of the range, and into extension levels, 88, 160, and potentially as high as the measured move / 2.0
We broke out of the initial supply line coming down, but the secondary one is also being respected as resistance for now, so that would be a sign of strength, should we break above it.
Daily momentum is turning up from oversold and continues rising above .184 and could exhaust as high as .59 cents.
Targets would start around 50 cents at the top of the range, and into extension levels, 88, 160, and potentially as high as the measured move / 2.0
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