Loopring is exhibiting some fractal features. Now with the new formation of a bull flag, it's looking like it's kicking and well alive. If there's a repeat, the target is $7ish next.
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There's a retest of the bull flag channel, which is a good sign!
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The clear breakout from the channel, the retest, and the continuation of the wave up along with the volume are keeping this idea up and valid. For now!Note
The channel expanded out and down. LRC is coiling up and that's a good sign. The bull flag is still alive! The longer it coils up (accumulation) the higher this baby will go. I'm all in.
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I believe LRC is set to expode soon. It's nipping at the upper bound of the channel for several days just like it did in the previous fractal (relatively speaking).Note
LRC has begun its impulsive wave upNote
We've gotten close to ATH. Looking good for LRC!Note
The bull flag is still valid and is coiling up pretty nicely.
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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.