Loopring
"100 usd to 1,000,000 usd " challenge (5)We missed a massive pump on QUICK but life continues.
Next trade entered yesterday. Short on LRC
We go for 4:1 Risk reward with a leveraged short trade on this pair. See chart for stop loss.
Initial portfolio(usdt) : 96.7
Price entered in LRC(usdt): 2.3698
Filled(LRC) : 81 (Isolated borrow on Binance)
Total (usdt) : 191.95
Follow for more updates
LRC: DCA your entry
falling wedge
good fib retracement level to buy
SMI bullish DIV
but mostly some influencer is calling it
For all the reasons listed above this can break out, just DCA your entry and/or use stop losses because I think BTC will go to 40K and this can drag everything down, LRC included.
Good luck
LRC rejectedIf no announcement comes this week we can see a slow bleed for the next 4 weeks.
Down to base of flag, 1.60 areas where to the last dump wick reached. This will maych the weekly me and the gamestop quarterly report at the end of january ( or their possible timeframe for announcement ).
Wait and see plus, Accumulate.
LRCUSDT | Getting Ready for Another Bullish Wave..!!
#LRCUSDT (Update)
Forming Falling Wedge Pattern in Daily timeframe Chart..
Getting Ready for Another Bullish Wave so Don't miss the Ride..!!
In case of Upside Breakout, Midterm Target Would be ~4$
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
These red GME days are giving me reverse confirmation biasI consider GME to be the strongest buy right now, especially given the amount of selling pressure seen in the last month.
Why would a big player attack a stock so violently? I don't know. It must be the case, though, unless retail suddenly -collectively- just decided to pack up their things and leave right before Gamestop and Loopring's partnership is announced. Hmm. :thinking_face:
Moreover, why would ANYONE sell the next viable, up-and-coming competitor to amazon? Sure GME might be overvalued if they had just KEPT THE EXACT SAME BUSINESS MODEL FROM 2020, but they are evolving and expanding rapidly.
Don't take my word for it. Go and see all the strides they've ALREADY made. They're not touting that they're going to be the next e-commerce giant; they're just doing it. Not to mention the rumored NFT marketplace, which would be nothing short of groundbreaking. All you have to do is take your head out of the sand.
Loopring (LRC) has to decide - support on RSILoopring has to decide - support on RSI
Further support by MA Ribbon and green price trendline channel since summer 2021.
Current low volume at consolidation compared to high volume during bull run looks healthy 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
🔥 Loopring Bullish Channel: Reversal Soon?Since the massive drop last week, LRC has seen quite the bullish reversal, gaining over 80% in the process.
However, the price seems to be in a free-fall since hitting the top of the channel. I'm looking at the channel's support area for a potential entry. Be aware that if BTC will remain bearish for the remained of the day we might fall straight through this channel. Overall market sentiment is key.
Happy trading!
LOOPRING IS MY DAD AND HERE IS WHYHERES WHY LOPRING IS MY DAD: Do you see the chart? It never drops. Yes read that again. IT NEVER DROPS. IT HAS A MASSIVE RUN UP AND SLOWLY TRICKLES SIDEWAYS. Do you know what happens after it trickles sideways? IT has a massive run up again. Its following a pretty steady uptrend pattern that make my tits hard off of for days. I am not a financial advisor nor do i ever want to be one. I do charts for a living and this chart is doing me. Hope that makes sense. Im not here to convince anyone that its a good investment im here to state the fact that they own a PATENT to make a decentralized exchange which would change the world. Thats all. god bless.