LRC betaNot financial advice, just sharing my observations.
LRC, the child of GME, has been really moving lately. OTHERS.D is looking prime for a bounce, barring a large uptick on BTC in the next couple of hours.
If OTHERS.D 5D % charts bounces from the .854 fib retracement, we could see a nice long entry on LRC if some shorts jump in.
Keep in mind market.d and trends
LRC, CRO, MANA all the movers are slightly more difficult to trade with all the activity on them. Be mindful that many ideas are melting together on these charts.
LRC
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
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!