LRC/USDT 4 HOUR UPDATE Welcome to this quick Update, everyone.
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LRC/USDT is making bullish flag pattern .
Entry: CMP
Targets: 50% to 70%
Stop Loss: $2.37
What's your thought on this?
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#PEACE
LRC
Correction is over: time to buy!Market wide correction is over! I expect a bit of sideways action of Bitcoin for the next few days and possible one more wick to the downside before blasting of to 70K+. I'm shopping altcoins and bagged up with:
LOW cap:
Benqi (QI): 2 to 10x potential (defi on AVAX)
Ultra (UOS): 2 to 10x potential (metaverse / gaming)
MID cap:
Quant (QNT): 2 to 8x potential (interoperability for institutional adoption of crypto / CBDC)
Loopring (LRC): 2 to 5x potential (layer 2 / trading)
HIGH cap:
Fantom (FTM): 2 to 3x potential (infrastructure)
Algorand (ALGO): 2 to 3x potential (infrastructure)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Impulse or corrective?Up 30% since last post! Atm its looking more like another impulse is being put in for a new high, but not putting the jet skies trailer before the Ferrari. The 2/B is pretty big so, for the right look or proportions sake, some distance from there would make things look a lot more pretty. It could still be putting in some kind of sideway correction still as well so some paths im watching. Some nice pitchfork play as well!
LRC - Descending Triangle - SELL SHORTLRC is strictly respecting the descending triangle movement which draws lower highs and support bounce, which is likely to break through to the support after it reaches a certain level.
I'm placing shorts every time it gets rejected from the triangle top side.
This is my 4th short position I open here.
Two. Four. Six.Now that channel on 1 hr was denied we could possibly go downward more to test 2.3 ma again. If interest wains we see 1.80 or less within the next week is starting to make a lot of sense. It would then get very hectic to get out if looping/gme was delayed. We would see 1 pretty quickly.
This could get ugly fast unless someone or something happens in the next day or two.
LRC - SOL similarities? I'm aware of the GME news but I'm not a Stocktwits and Reddit hopium inhaler. With that being said, I do believe the chart looks similar to Solana when it broke out of the 40's and into the 60's before rocketing to $200. I wish I was smart enough to overlay the charts but I'm not. I do think LRC can make a 10x jump when people start figuring out how this is going to change L2. I hope I'm right because I passed on CRO for this.
🔥 Loopring Bull-Flag: Volatility SoonAfter the massive run-up earlier this month, LRC is currently seeing some consolidation coming its way.
During this period of consolidation, a bull-flag pattern has developed on the chart. Since this flag pattern has formed during a strong bullish move, it's more likely for the price to break out on the bullish side than on the bearish side.
In case of a bullish break out, I'm looking at the $2.75 - $2.90 range for potential exit targets. In case we break above that in the coming days, we might even go for a new all-time high in the near future.
Happy trading!