Loopringusdt
Loopring token (LRC) forming bullish Cypher for upto 71.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Loopring token (LRC) with Bitcoin pair.
Recently we caught almost 50% pump of LRC as below:
Now on a daily time frame, POEPLE with LRC pair has formed a bullish Cypher move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Loopring token (LRC) forming bullish Cypher for upto 46% pumpHi dear friends, hope you are well and welcome to the new trade setup of Loopring token ( LRC ) with US Dollar pair.
On a daily time frame, LRC is about to complete the final leg of a bullish Cypher move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
LRC: Approaching ResistanceLoopring (LRC) technical analysis:
Trade setup : Bullish breakout from Falling Wedge pattern, was confirmed with a break above $0.30 key level to indicate bullish trend reversal. Price broke above $0.40 resistance to resume uptrend and reached our target $0.50. Now we wait for price to either 1) break above $0.50 to resume uptrend, or 2) pull back near $0.40 support for a swing entry in uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.40 (previous resistance), then $0.30. The nearest Resistance Zone is $0.50.
Loopring LRC/USDTesting/Tracking Elliot waves. Please do not trade off idea without stop loss.
This one is for all the GME fans. I know that some of yall aren't invested in crypto, but because this coin is related to GME, you might invest.
If you're already invested in LRC or will be looking to buy some then the data here should be valuable for you.
On this chart it shows us that we've already gone through a -95% drop. This is normal in the crypto world. Most altcoins will go through a period where they drop -90-98%.
With that being said -95% is already high up there so there's a possibility we may go a bit lower down, but that's a very small amount compared to the possible upside.
If you hoover over to the today's price R/R you can see that from here you have a R/R ratio of 31.6 with the stop loss being underneath the Z wave drop. The Z wave drop is around a -97% drop from ATH.
R/R ratio from today's price: 31.6
Possible upside: 1915%
Possible downside: -60%
R/R ratio from Z wave: 656
Possible upside: 4975%
Possible downside: none. Personally I will not use a stop loss at all on either one.
I would dollar cost average into both and if there's a slightest possibility for another drop from Z wave then I would buy more too.
Do not go all in, especially if you're using leverage, a -60% drop is still big. Better to play it safe than sorry. If you go all in and you can't buy more when Z wave hits, you're out of luck.
From the Z wave I would consider adding a lot more (if we ever get it). This is not financial advice.
Chart timeframe is on the weekly. Expected timeline for this to play out is roughly within 2 years for the wave 3 top.
LRC/USDT: On key support waiting for bullish reversal---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
LRC/USDT: On key support waiting for bullish reversal
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets LRC (Layer 2) suffered about negative global market situation
- LRC is expected to show some bullish pre-signal soon (looking at 50% area on RSI or divergence)
Market configuration
- Graphical Elements :
Graphical Resistance = 0,7220 & 430
Graphical Support = 0,0710
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 0,7220 = Bearish
RSI indicator (below) is below trend line and 50%, bouncing off key support but no divergence = Bearish/Neutral
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) is set at = 0,3260
Fibonacci resistance of the wave in progress = 0,7220
Fibonacci support of the wave C (B)(max extension) = 0,23
Fibonacci Bullish Target = 1,1220
Conclusion
Preferred case => Regarding the mid-term element, LRC is expecting to do a bullish reversal from the area we are now. However the lack of bullish element from mathematical indicator is still showing a potential last downleg risk to max 0,23 before going up to 0;7220 and 1,1260
Alternative cases => Breaking 0,23 a significant drop will open the door towards close 0,0710 = crash
LoopRing predictions (LRC), BTC back through 45k (for now) !LRC would have had a nice little run yesterday if it wasn't for BTC leaving the party.
Even so, definitely some great signals for LoopRing. Still bullish in the fact that LRC has had a resistance/support flip right around the ~T1.15 mark (blue dashed line)
Triangle now forming within what was once, a nice positive trend for ol' LoopRing, and is now a super mopey resistance trend. Let's hope for a breakout.
Definitely ~T1.15 or so would be a position I myself would be in currently if it wasn't for me getting stuck in IOST at a T0.0497 position (I hate my life 😅)
I still believe IOST is going to be at like ten cents by next week, though.
Happppppyyy candles. C'mon happy green candles, today.
♠️🤫🐿
BTC just left the party (LTC cup and handle wrap)Bitcoin and the institutional 🐳s that provide the astronomic buys and sells to -in essence- move the BTC market as they see fit, -well they've decided they weren't having it, and decided to bail out on all us party people. Hey, it happens a couple times a month, even more so now over these last several weeks of geo-political turmoil and uncertainty.
Wait it out.
♠️🤫🐿
LoopRing LRC a cup is a'comin! 👀🌀 LoopRing cup and handle is forming! ☕️
I wouldn't be snoozin' in the next several hours here 💤 because we could see a big ol' jump .
LRC seems to always move in these very violent strikes, hitting the pivot several times (forming a cup and handle).
Other tokens featured in this video are:
Algorand (ALGO
Zilliqa (ZIL)
Jasmy (JASMY)
🤫🐿♠️
LoopRing cup and handle resistance tests (+)LoopRing (LRC) is simply doing what LoopRing does.
LRC is a token that always seems to move in cup-and-handle chart formations.
🔹 We get a huge upswing,
🔹 We crash down,
🔶 We rebuild in violent strikes toward the the resistance point.
🔶 Two times... Three times... no dice.
🔶 By the 4th and 5th strike...
💠 We've now formed a LoopRing cup and handle, and are poised for new price discovery.
♠️🤫🐿
LRC on +trend, new channels createdTwo new channels popped born from my original blue dotted positive trend line --that i thought LRC was going to cross violently, and then go down. However now, if we can continue on the top of this trend line and not enter either of the new channels at alll even better
LRC be very careful here...We are directly at the apex of this triangle. If we move back up to test resistance, I don't believe we will push through (notice the descending stick values of the 3 times that we've already tested this.
Wait until the weekly pivot of about T1.05 --that would be what I'd do. We should expect to see another jump up from there, but all-in-all I am labeling this one as 'short' but personally sticking more towards the neutral side of things. NOT long.
LRC LoopRing breakout but don't chaseLittle bit of an accountability video from me.
I believe I posted here yesterday, my elliot wave prediction for LRC.
I was wrong. It broke straight through my upper negative resistance trend and has now hit it R2(..? 🤯) weekly pivot.
I'm still going to be posting this in a short position for LRC, because I do still believe that we are going to see a descending triangle breakout.
In this video I also share about how important it is to locate, chart, and follow your positive and negative trend/channel convergences.
Watch till the end to get a little advice on using the strength index.
PATTERNS , baby.
LRC to drop down to the T1.00 pivotLRC has had an incredible run since the gamestop announcement!
However whith any run that banks ~50% in less than 6 hours... you're gonna get a correction.
We're within a downward elliot wave cycle with E/1 landing at just about a dollar, once LRC tanks and goes below 0.99 or so
We will than see a rise back up but will, in my opnion, stay within the downward trend into the triangle for an eventual breakout.